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Should I split money between schemes?

You can split the money between two schemes. Do not add too many schemes to your MF portfolio, as it will become difficult to keep track of their performance

Which are the best tax planning schemes to invest? Also, tell me should I invest the entire amount of ₹1.5 lakh in a scheme or split the money between three schemes?
- Narayan Bhadalkar

Here is our list of best Equity Linked Savings Schemes (ELSS).

You can split the money between two schemes. It will be difficult to monitor the performance of your investments if you add too many schemes to your mutual fund portfolio. Your entire mutual fund portfolio shouldn't have more than four to five schemes in it.

This article was originally published on October 21, 2015.

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