I am already investing through SIP in SBI Bluechip Fund (Rs 3,000) and ABSL Digital India Fund (Rs 3,000). I am planning to invest in another scheme, but I am confused. Should I go for Nippon Largecap Fund, Parag Parikh Flexi Cap Fund, Mirae Asset Largecap Fund, or Axis Bluechip Fund to invest another Rs 2,000 to Rs 3,000?
-Imran shah
We always ask our readers to choose their mutual funds based on their risk profile and investment horizon. For example, if you are a moderate investor looking for long term investments, you should choose flexi cap schemes. If you want to diversify your investments and reduce risk, you can take a small exposure to a large cap scheme.
Looking at your investments, here are some tips. When you are investing a small amount of money do not choose a large number of schemes. You just need one scheme. Often a large number of schemes reduce the overall returns.
If you are confused about investing, seek advice from a reliable mutual fund advisor.
