I want to make Rs 1 crore in five years with a monthly investment of Rs 50,000. I have selected the below mentioned schemes to make a monthly investment: Shweta Jain, Founder & CEO- Investography, responds:
Aditya Birla Infrastructure fund (G)
ICICI Prudential Focused Bluechip Equity Fund (G)
L&T Infrastructure Fund (G)
Reliance Small Cap Fund – Growth plan (G)
Aditya Birla Sun Life Tax Relief 96 Fund (G)
Are these funds good to invest and will this strategy would work.
-- Venkatesh Venkatraman
Some of the schemes you have mentioned are thematic and I don’t recommend thematic schemes. If the theme is going to be in favour or is in favor, diversified funds will have them too. Also, I don’t know your risk profile to assess if you could take on additional risk. Assuming a moderate risk profile, I would recommend the following to you:
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Kotak Select Focus: Rs 10,000, ICICI Pru Focused Bluechip: Rs 10,000, Mirae India Opportunities: Rs 10,000, Aditya Birla Pure Value Fund: Rs 10,000 and DSP BR Tax Saver: Rs 10,000 (If you need to invest to save taxes under Section 80C).
Do take a risk assessment test before proceeding with investments and consult an advisor with all your details – including goals to know where, how and how much you should Invest.
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