Do I need to change my mutual fund investments?

Do I need to change my mutual fund investments?
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If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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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.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

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