Hi, I am 48 years old and started investing Rs. 20,000/- per month (SIP) since last 6 months in the following schemes (Rs. 5000/- in each) 1. Mirae Asset Large Cap Fund - Direct Plan - Growth 2. Kotak Business Cycle Fund-Direct Plan-Growth 3. SBI Flexi Cap Fund - Regular Plan - Growth 4. SBI Large & Midcap Fund Regular Growth I am willing to continue for minimum 10 years. Are these funds good for long term or should i need to switch to some other MFs? Please suggest.

Ans: Please continue

Ans:

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Large Caps: 

• LIC MF Large Cap Fund – Growth
• Mirae Asset Large Cap Fund - Growth 

ELSS: Motilal Oswal Long Term Equity Fund

Focused:

• Axis Focused 25
• DSP Focused Fund

Multicaps: Suitable options considering quality and value for money are:

• Motilal Oswal multicap 35
• Axis Mutlicap
• Parag Parikh Long Term Equity Fund

Ans: Your portfolio is a mix of different category of mutual funds like large-cap, mid-cap, small-cap, and thematic funds which indicates you have well diversified your portfolio. Diversification can help reduce risk and improve the potential for returns.

Investment for long term in equity funds gives good return. We suggest you to stay invested for 5-10 years and you can expect 12-14% CAGR from your portfolio while in the short term you may see volatility as expected of equity investments.

However it is essential to keep reviewing your portfolio periodically and track the performance of particular mutual funds and make adjustments if required.

Ans: It's great to see your disciplined approach towards investments. Let's assess your portfolio and potential additions:

Your current SIP portfolio seems well-diversified across different market segments, which is beneficial for long-term growth.
Given your investment horizon of 8 to 10 years, these funds offer a mix of growth potential and stability.
Considering adding another 10K to your SIP, you may want to focus on funds that complement your existing portfolio.
Look for funds with a track record of consistent performance and a strong investment thesis aligned with your financial goals.
Consider funds that provide exposure to sectors or themes with potential for future growth.
Consult with a Certified Financial Planner to evaluate your risk tolerance, financial goals, and investment strategy before making any changes.
Remember, investing is a long-term journey, and staying disciplined and diversified is key to achieving your financial objectives.
By carefully selecting additional funds and staying focused on your long-term goals, you can continue to build a robust investment portfolio that serves your needs effectively.