Are my SIPs, running in Reliance Growth for past three years, Kotak 30, Magnum Taxgain, Fidelity Tax Advantage and Birla Sun Life Equity, good choices. I am also planning to invest in a Future Generali insurance plan.
As far as the fund selection is concerned, Fidelity Tax Advantage is a relatively new fund, others are excellent. You should keep on your investments in them.
Future Generali insurance is from the Future Group in collaboration with the Generali Group of Italy.
From a broad perspective it is always better not to mix investment with insurance. The best insurance is always considered term insurance. If you do not have reasonable coverage then you must get a term insurance.
Term insurance is like a car insurance where the premium is given to the company, in case of any untoward happening you get the sum assured and if nothing happens then the money is not returned.
Insurance should be looked at from the perspective that it is required for your dependants to cover expenses in the case of an untoward happening.
For investment purposes, a person should consider mutual funds.
Your fund selection is good, so just continue your investment via the SIP route.
Please suggest some tax saving funds.