Avoid investing in closed-end funds, add to your SIPs instead
5 years, 8 months ago

Avoid investing in closed-end funds, add to your SIPs instead

Live Mint  

I am 32 years old and I started investing in mutual funds in 2017. I invest ₹2,500 each in ICICI Bluechip and Franklin India Focused Equity; ₹3,000 each in Axis Long-term ELSS, Mirae Asset India Equity and IFDC tax advantage ELSS. I also invested lump sums of ₹25,000 in ICICI Pru Balanced and ₹32,000 in ICICI Value fund series 19. However to get to your target, assuming an aggressive 12% annual return over the 25-year period, you would need to invest close to ₹60,000 a month. Or, you could simply invest the most you can by adding to your SIP every year, and adjust your goal as you go along—which might be the most practical thing to do.

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