Hi Basu, I am a service personnel aged 38 yrs. I plan to start investing in MFs with Rs 10000/ pm with an outlook of 12-15 yrs. Can you recommend MFs for same. I don’t need tax savings and contribute enough in my PF @ 10000pm. Plus have couple of LIC policies contributing @ Rs 60000/ per annum.
For this goal, use one large cap fund like Franklin India Bluechip fund and one small and mid cap fund like HDFC Midcap Opp Fund or Franklin India Prima Fund. For debt, you can use Franklin India Low Duration Fund or HDFC PSU Banking Fund. Equity to Debt must be in ratio of 70:30.
Thanks, but don’t you think am contributing enough in PF which I can withdraw any time, so actually don’t need a debt fund??
Make sure to manage the ratio I suggested.
Whether the allocation to EPF is in the ratio of what I said?
Allocation to DSOPF is much more than the ratio suggested as in my case the employer ie govt does not contribute as in case of EPF. I invest 10k pm in PF.