I invest Rs 14,000 per month in HDFC Top 200, Franklin India Bluechip, Birla Sun Life Dividend Yield Plus and HDFC Prudence. I can invest Rs 4,000 more per month, should I invest in a debt fund or a bank RD?
You are currently investing in good funds. If you intend to invest the additional amount for the long-term, just spread it proportionally across the funds you already hold. You don’t need to add any more funds to your portfolio. But when you start approaching your investment goal, start moving your money systematically from equity and balanced funds to fixed income funds. This will help you actualize your goals.