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POSTED BY ON April 2, 2015 6:25 pm COMMENTS (3)
Hi Team,
Please note that I have filtered the following funds based on the Returns, Consistent Performance and Crisil Ranking. Also, I am planning to invest on the following ELSS funds for the financial year 2015-2016. Kindly let me know your thoughts on this fund and kindly let me know if any fund needs to be ignored.(For some reason/factors).
1.)Axis LT Equity fund (G)
2.)Religare Invesco Tax Plan (G)
3). Reliance Tax Saver.(G)
4.)BNP Paribas LT Equity fund (G)
5.IDFC Tax advantage
6).Franklin India TaxShield
Also, the investment amount will be between 70-80k and I want to distribute across diff funds to minimise market risks and maximise Profits. This is the reason for selecting so many funds.
Regards,
Gopinath.
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Dear Sir,
Please check the fund manager and asset under management of the scheme before investing. It will be easier as the information is available on the net. Keep the no. of funds as less as possible
Investing in 6 MF does not mean you are minimising your risk. In that case one case choose 15 funds and minimise it further.
Please see the portfolio of these fund, as in where these fund are investing and then decide which one to choose. There shodul be minimal duplication among fund portfolios.
Example:
Assume these fund are investing in same stocks, so whenever these stock comes down, all your MF will show low NAV together. Whereas if they are investing in different stocks then your NAV will be according to the movement in those stocks.
Ashish
check out this article and use the tool mentioned in the article to have min. overlap across funds and choose 1-2 funds among ur list….
http://freefincal.com/mutual-fund-portfolio-overlap-checker/