I am planning my investment for long term, i.e, at least 10 years. I have shortlisted 3 mutual funds. Please give your opinion on this.

• SBI Small Cap-4000
• SBI Magnum midcap-3000
• Parag Parikh Flexi cap-3000

Are these funds good or are there better options for long term investment?

Ans: No further funds are required, you may invest in the same funds

 

Ans:

Ans: Hello and thanks for writing to me. Your investments are in good schemes and you can continue to invest in them.

Ans: Your choice of funds demonstrates a balanced approach with exposure to different categories like large-cap, flexi-cap, and ELSS. Here are some points to consider:

Diversification: You have a good mix of funds across different categories, which can help in reducing the overall risk.

Fund Performance: Regularly monitor the performance of each fund against its benchmark and peers. Ensure that they are meeting your return expectations.

Costs: Check the expense ratios of the funds. Lower expense ratios can have a positive impact on long-term returns.

Review and Rebalance: Periodically review your portfolio to ensure it aligns with your financial goals. Rebalance if necessary, especially if any fund is consistently underperforming or if there's significant overlap.

Lumpsum Investments: For the lumpsum investment in BOI AXA tax advantage fund, monitor its performance relative to the ELSS category and consider its tax-saving benefits.

Overall, your fund selection seems reasonable for long-term wealth creation. However, regular reviews and staying updated with the market and fund performance are key to ensuring you're on track to meet your goals. Consulting a financial advisor for a personalized review can also be beneficial.

Ans: mid cap will be good for 10 years plus, dont go thematic. All other schemes looks good as of now.