I am 24 and have started SIP investments in IDFC Premier Equity, ICICI Pru Focused Bluechip Equity, DSPBR Top 100 Equity, Quantum Long Term Equity and HDFC Prudence. I have also invested Rs 25,000 each in Canara Robeco Equity Tax Saver and Fidelity Tax Advantage for tax saving. Please tell me whether my selection of fund is correct?
— B Vinod
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Good funds. They are even well diversified across fund houses and categories. Even where your tax saving funds are concerned, you have picked well. Next time, always invest systematically, not at one go.
Review the performance of the funds in your portfolio at least once a year to ascertain its progress towards your financial goals and make any changes to fund selection if necessary.
This article was originally published on February 09, 2012.
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