I want to equally distribute 40K money between 2 ELSS funds. One is Axis and for 2nd fund I am confusing between 2 funds ICICI and Birla, because Birla overlap is above 40% and ICICI overlap is just 2% with my existing funds. Can I choose ICICI over Birla because of it’s high overlap? Does overlap really matter for slecting a fund?
I am currently investing below funds(70:30 Equity:Debt) already.
- Axis Long Term Equity
- Franklin India Blue Chip
- Franklin India Prima Fund
- HDFC Balanced Fund
- HDFC Liquid
Recently i have gone through your post “BEST ELSS FOR 2017” and wanna shift to consistent performing fund(Birla or ICICI) from AXIS. I have already invested 40K in AXIS for this F.Y So remaining 40K i will distribute between 2 funds. From next F.Y, I will stop AXIS and invest only other(BIRLA or ICICI) fund.