Sir I have been investing in MF's for last 5 years. However I have not taken any expert advice or from a certified planner while selecting funds. However I want to understand if I have invested in good funds with the objective of long term wealth creation. PPFAS FLEXI CAP Direct Growth-5200 ICICI Pru Value Discovery-1500 Tata ELSS tax saver-1000 Canara Robeco ELSS tax saver-1000 Axis ELSS tax saver-1000 Quant small cap direct growth-2600 PGIM India mid cap growth-2500 HDFC children gift fund-5000 SBI Magnum children benefits fund-5000. Kindly let me know if I am right track.

Ans: It's great that you've been investing for the last 5 years with a focus on long-term wealth creation. Your portfolio appears to be diversified across flexi cap, value-oriented, tax-saving, small cap, mid cap, and children's funds, which is a positive approach.

To assess if you're on the right track:

Diversification: Your portfolio seems to be diversified across different fund categories, which can help in spreading risk.
Tax Planning: Investing in ELSS tax saver funds can provide tax benefits under Section 80C of the Income Tax Act, enhancing your overall tax planning strategy.
Long-Term Focus: With your investment horizon aligned with long-term wealth creation, the funds chosen generally cater to this objective.
However, it's essential to periodically review your portfolio's performance, ensure alignment with your risk tolerance, and make adjustments as needed. Consider consulting a certified financial planner for a comprehensive review tailored to your financial goals and risk profile.