
I am 35 year old. I am doing SIP in Parag Parikh Flexi Cap Fund (Rs 2,500), Quant Tax Plan (Rs 1,000), SBI Bluechip Fund (Rs 1,500) and Aditya Birla Sun Life Tax Relief (Rs 2,000). My target is to retire early with good returns. Do I need to change my mutual fund investments?
--Pramod Gaonkar
You are investing in two tax planning schemes, a flexi cap scheme, and large cap schemes. You have not shared your risk profile. So it is not possible to offer a personalized solution. Tax saving schemes or ELSS helps you to save taxes of up to Rs 1.5 lakh under Section 80C. If you are investing to claim tax deduction, you may continue to invest in these schemes. Large cap schemes are recommended to conservative investors and flexi cap schemes are recommended to moderate investors. You have to make sure that these schemes are in line with your risk appetite.
--Pramod Gaonkar
You are investing in two tax planning schemes, a flexi cap scheme, and large cap schemes. You have not shared your risk profile. So it is not possible to offer a personalized solution. Tax saving schemes or ELSS helps you to save taxes of up to Rs 1.5 lakh under Section 80C. If you are investing to claim tax deduction, you may continue to invest in these schemes. Large cap schemes are recommended to conservative investors and flexi cap schemes are recommended to moderate investors. You have to make sure that these schemes are in line with your risk appetite.
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