I started reading about mutual fund investments from Dec 2015 and came across so many websites about mutual funds. Then came across your website.. where I ask you questions and read others answers, which is very useful. After reading all these, from January 2016, I started investing in the mutual funds. At present I have invested in AXIS long term, ICICI Pru value discovery and TATA balanced fund with SIP of 2000/month for each fund. Now I am planning to invest in a large cap and a small and mid cap funds. Please suggest me some good funds for these… Also I invest 2000/month in PPF. and sir please suggest if I need to add anything to my portfolio for more diversification and better gains.. thanks in advance
Laxmish-The missing part here is the timeframe. Without knowing that how can I guide you?
Laxmish-Then first thing, manage your equity:debt in ratio of 60:40. Second thing, in equity, you continue Axis, ICICI Discovery and Tata. But remember that Tata constitutes around 35% of debt. Include one large cap fund (already listed in my blog). I think it is better to avoid small and mid cap. Because you already having ICICI fund which is multi cap and may change their style at any point. Considering your timeframe, I suggest only one large cap.