December 17, 2013 1:15 pm
I am planning to invest almost 60K per month in two MFs
1. Quantum Long term Equity (30K)
2. IDFC Premier Equity (30K)
Please suggest and give your valuable opinion. Thanks.
Dear Sumit, ‘ll it be really diversified if we are adding more funds? Please check the underlying portfolio for overlapping of stocks in all the funds.
60,000 is big money for just 2 funds. I would select 3-5 funds for better diversification in Fund House and Fund managers.
I would consider below along with your choices:-
1) ICICI Focused bluecip / or Axis long term Equity fund
2) SBI Magnum balance / ICI Pru balanced
Thanks Sumit for your suggestion.
Dear financial friend, please invest.
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