By CNBC-TV18 IST (Updated)
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Want to invest in mutual funds but don’t know how to go about it? Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.
Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.
Q: 30-year-old Harsha Vardhan writes to us from Hyderabad. Investing Rs 3,000 per month in Axis Long Term Equity - Direct(G), Kotak Select Focus Fund - Direct(G), Motilal Oswal Focussed 35 - Direct(G), Tata India Tax Savings Fund - Direct(G), L&T Emerging Businesses Fund - Direct(G) and Mirae Asset Emerging Bluechip Fund - Direct(G) since an year. Also suggest if I need to modify this a bit.
A: You can continue to invest in Kotak Standard Multi-cap Fund, Motilal Oswal Focused 35 and Mirae Asset Emerging Bluechip Fund. Axis Long-term Equity and Tata India Tax Savings are both ELSS funds and you should invest in ELSS funds only if your aim is to save tax. You can redeem from L&T Emerging Businesses Fund and invest in HDFC Small-cap Fund.
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