i am new to MFs, just started investing recently, aged 24, medium risk appetite.
SIPs (Rs 6000 total)
16.6% in HDFC Top 200
16.6% in Reliance Growth
16.6% in HDFC Prudence
want to put in rest 33% in reliance MIP and rest 16.6% in some equity diversified (thinkin about DSP BR Top 100 or Reliance equity opportunities, ICICI Pru Dynamic)
some how i don't wanna put lump sum amounts in liquid funds, their rate of returns are nearly similar to savings bank.
and if i kept lump sum amounts into liquid funds, how quickly can i redeem them? If i can instantly transfer to/from my Bank account through internet banking instantly, it would be really beneficial.
I want to invest in ELSS, but what if i needed that amount during emergency needs before the lockin period?