HDFC Small Cap Fund: Rs 5,000
SBI Bluechip Fund: Rs 5,000
HDFC Hybrid Equity Fund: Rs 5,000
RD: Rs 20,000
Looking for one more mutual fund scheme with Rs 5,000 monthly investment. Please suggest a portfolio with one ELSS fund with monthly investment of Rs 10,000. I have moderate to high risk appetite.
You are currently investing Rs 15,000 in a smallcap, largecap, and aggressive hybrid scheme. You have chosen good schemes. You just have to ensure they are in line with your objective and risk profile. Around 1/3rd of your investment is in a smallcap scheme. Smallcap schemes are typically recommended to aggressive investors with an appetite for high risk and volatility. The largecap and aggressive hybrid schemes, on the other, are meant for conservative investors. You should do a proper risk profile check, and relook at your mutual fund portfolio.
If you invest Rs 15,000 every month, you might be able to create a corpus of around Rs 35.84 lakh at the end of 10 years. We have assumed an annual return of 12 per cent for the calculation.
Here are our recommended ELSS funds:
Best ELSS or tax saving funds to invest in 2018