Query about investment in mutual funds for a period of 12-18 months?
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I want to invest around a total of Rs 8 Lacs in open ended mutual funds. I want to keep the money in these funds for around 12-18 months. Below are some of the funds suggested to me by my banker/CA. Can you advise how much to invest in each and if not to invest in any of them at all :
1. ICICI Value discovery Fund – Mid Cap & Small Cap Fund
2. UTI Mid Cap Fund – Mid Cap Fund
3. L&T India Special Situation Fund- Multicap Fund
4. SBI Magnum Blue Chip Fund – Large Cap Fund
5. Reliance Top 200 Fund – Large Cap Fund