POSTED BY January 17, 2013 10:38 am COMMENTS (2)
ONI am new to mutual fund investment. I have just started investing 1500 each in Reliance Regular Saving Balanced & HDFC Equity and 1000 each in SBI Magnum Emerging Business & ICICI Pru Tax Plan i.e. a total of 5000 though SIP. My goal is to accumulate wealth after 3 years. I need further advise reagarding the portfolio.
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Dear Sonal, is it 3Y or 30Y?
Thanks
Ashal
For a 3 year goal you cannot be invested in so much equity! Use just the balanced fund and pick some debt fund or MIP. Get rid of the other two funds. They are too risky!
ICICI Pru Tax Plan has a lock-in of 3 years for each SIP. So it will not serve a 3 year goal besides being risky!