Mutual Fund Corner: 'I want to know is Bharat Consumption Fund from ICICI Prudential is a good bet?'

I am surprised. Looking to invest for 25 years, hardly you get investors talking for such long tenure. However, looking for 25 years for tax saving, I think I have already discussed, Axis Equity Long Term Equity Fund looks good, where the portfolio is completely largecap oriented and with a mix of – the highest allocation is to private sector banking, finance, and IT software. So, it's a good investment to keep invested.

If you see market over last couple of years, consumption story has been played out and played out well. I think it's a very good investment for a longer term. It will play out of what always talk about in terms of demographic advantage India has. So the fund if you see, it will cover across consumption theme such as consumer non-durables, consumer durables, auto, healthcare, and everything. Only thing one needs to know, it is close ended 3.5 year investment horizon fund. So if you are looking to look for the tenure, only then invest, otherwise you can get into an open ended fund. The overall scheme of the fund is good and it's always good to be invested into a consumption scheme. So if your tenure is 3.5 year plus, only then look at it. Otherwise, look at other open ended funds.