I am 25 years old and have been investing since the last two years. For tax-saving purpose, I have invested a lump sum of Rs 15,000 in Tata India Tax Savings Fund, Axis Long Term Equity Fund, Franklin India Taxsheild Fund and Reliance Tax Saver Fund. Also, I have four SIPs of Rs 1,500 per month in SBI Bluechip Fund, Franklin India Smaller Companies Fund, ICICI Prudential Value Discovery Fund and Canara Robeco Emerging Equities Fund. I am a central government employee and I have NPS.Are the current funds good or should I change? — Arnab Das
Chirag Gokani, founder and principal advisor, Wealthwiz Advisors, responds:
You have chosen good funds across market capitalisation for your monthly investments. However, your portfolio is tilted towards mid and small caps. Since, you have not mentioned your preferred investment horizon, I assume that you are investing for a long term (5-7 years or more), since equit ..