My father doesn't make any investment decision and I have been making decisions on his behalf. He is so lazy that he is not ready to open a PPF account and hence the only investment left in 80C left to invest on his behalf is ELSS.
Though I delayed till jan 2014 that he will open PPF account but I finally gave up.
I have already decided 4-5 MF and already started investing in it directly and so far 10% job done(10k invested).(0% remaining).
But last night I check value-research on the folio investment and I found most of the good rating funds are overlapping their investment in stocks like TCS,Sun pharma,Infosys,HDFC bank or some very high PE companies.
The funds I have decided and invested so far is as follow(All Direct plans).
1::ICICI Prudential Tax gain
2::Quantum Tax savings fund
3::Franklin Templeton taxshield fund
4::Axis long term equity
Also i was having a look a Religare invesco ,Hdfc long term advantage and canara robecco out of which at max 2 I will choose.
But now seeing their folio I see they just overlaps.
Should I stick with this 4 or I increase my basket for better diversification?
Though I delayed till jan 2014 that he will open PPF account but I finally gave up.
I have already decided 4-5 MF and already started investing in it directly and so far 10% job done(10k invested).(0% remaining).
But last night I check value-research on the folio investment and I found most of the good rating funds are overlapping their investment in stocks like TCS,Sun pharma,Infosys,HDFC bank or some very high PE companies.
The funds I have decided and invested so far is as follow(All Direct plans).
1::ICICI Prudential Tax gain
2::Quantum Tax savings fund
3::Franklin Templeton taxshield fund
4::Axis long term equity
Also i was having a look a Religare invesco ,Hdfc long term advantage and canara robecco out of which at max 2 I will choose.
But now seeing their folio I see they just overlaps.
Should I stick with this 4 or I increase my basket for better diversification?