Hi Guys,
I just started investing in mutual funds last year to save tax and yield better returns than FD which hardly beats inflation.
I would required you to kindly provide your views and guide me:hap2:
I have started with around 2 Mutual funds after doing lot of research online seeing the performance by charts present on Money control just how a normal layman would analyze. Note: I do not have any financial education background but just going by the history and numbers present on the website.
These were my picks for SIP
1)Axis Long Term Equity Fund - Regular Plan (G) (15) : 1000/month
2) Reliance Tax Saver (ELSS) Fund (G) (13) : 500/month
And then added few more in dividend option and few more lump sum in growth. Screen shot have the overview.
Kindly suggest if i need to change or stop investing in some.The returns are just around 6% which is kind of worrying me.
And most importantly the above two mentioned were my best picks and they are delivering the lowest return..should i wait to see the returns increased down the line? or am i doing a mistake by going for SIP?
Seniors attention required please.
Thanks
Karan
I just started investing in mutual funds last year to save tax and yield better returns than FD which hardly beats inflation.
I would required you to kindly provide your views and guide me:hap2:
I have started with around 2 Mutual funds after doing lot of research online seeing the performance by charts present on Money control just how a normal layman would analyze. Note: I do not have any financial education background but just going by the history and numbers present on the website.
These were my picks for SIP
1)Axis Long Term Equity Fund - Regular Plan (G) (15) : 1000/month
2) Reliance Tax Saver (ELSS) Fund (G) (13) : 500/month
And then added few more in dividend option and few more lump sum in growth. Screen shot have the overview.
Kindly suggest if i need to change or stop investing in some.The returns are just around 6% which is kind of worrying me.
And most importantly the above two mentioned were my best picks and they are delivering the lowest return..should i wait to see the returns increased down the line? or am i doing a mistake by going for SIP?
Seniors attention required please.
Thanks
Karan
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