We are a working couple and invest Rs.5, 000 each in HDFC Prudence, Reliance Gold Savings, HDFC Midcap Opportunities and DSP BlackRock Top 100 Equity. Are we on track? – Mihir Doshi, Pune
You are investing Rs.20, 000 a month in four funds. However, the only fund that stands out from this pack is the Reliance Gold Fund, as it invests in gold unlike the other three. If you are a conservative investor, it is not bad to have invested in gold or if you foresee the need for gold in future. Having made a start, you should continue investing in these funds with a three to five-year time frame, as you have not mentioned the objective with this set of funds.
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