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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jul 21, 2022

Mutual Fund Expert... more

Question by Somiya on Jul 21, 2022Hindi

Money

I have started investing 32K in below Mutual Funds (Started from 1st Mar - 1st set of SIP's paid). Need your advice whether the SIPs which I have selected are right or not. Apart from this few other pieces of information - I am 35 years old & planning to invest till I turn 60 years.

Canara Robeco Bluechip Equity Fund Direct -- Growth Rs 2000

L&T Midcap Fund Direct -- Growth Rs 1000

Mirae Asset Emerging Bluechip Fund Direct -- Growth Rs 2500

Mirae Asset Tax Saver Fund Direct -- Growth Rs 8000

Axis Small Cap Fund Direct -- Growth Rs 1000

Axis Long Term Equity Direct Plan -- Growth Rs 8000

Axis Midcap Direct Plan -- Growth Rs 1000

Quant Mid Cap Fund Direct -- Growth Rs 1500

Quant Tax Plan Direct -- Growth Rs 1000

UTI Flexi Cap Fund Direct -- Growth Rs 1000

DSP Midcap Direct Plan -- Growth Rs 2000

Franklin India Feeder Franklin US Opportunities Direct Fund -- Growth Rs 2000

Parag Parikh Flexi Cap Fund Direct -- Growth Rs 1000

Total Rs 32000

Ans: All funds are good, however too many funds lead to over diversification and sub optimal returns

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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