Aditi-It is a new fund (just around 4 years old) from new AMC. I simply stay away from such NEW funds. Also, it is struggling to perform compare to it’s peers. So better to stay away.
Ok thanks for advice. I am 26 yrs old and first time trying to invest in MF. I invest for 5 yrs around 10k per month as SIP, so is it fine to invest in following funds– 1) 4000 k in icici pru value discovery fund.2) 3000k in icici pru focussed blue chip3) 3000 in axis long term equity
Which is better axis long term equity or icicle pru long term equity?
Or any other fund where I should invest?
Aditi-Strictly NO EQUITY INVESTMENT if your time horizon is just 5 years.
Ya not just 5yrs around 10 yrs….plz reply whether above funds are diversified and suitable for me to invest or I need to make some changes. I referred your articles about top 10 sip and top elss .Plz do reply.
Aditi-Then go ahead. But make sure that if you are investing Rs.100, then considering your time frame as 10 years or so, don’t invest more than Rs.60 into all above selected funds. Rest Rs.40 must be in debt category. This is for safety purpose and avoid volatility.
OkI will divide 10k in three funds, so all with ICICI pru or I should choose one axis long term equity.1) icicle pru value discovery2)) icicl pru focused blue chipIs it fine.
Aditi-1) ICICI Pru Focussed Bluechip, 2) ICICI Pru Value Discovery, 3) Axis Long Term Equity, 4) HDFC Balanced Fund (In this fund around 35% of your investable amount will be towards debt category and it is total tax-free return after a year, which is not so with typical debt funds).