Dear Sir,
I have been investing 16000/- per month in Four Mutual Funds under SIP since last one year.
Pls suggest whether i should continue with the below mentioned funds or to change to some other funds:
1.Kotak Emerging Equity Fund - Direct Plan - Growth - Equity- Diversified
2.Parag Parikh Flexi Cap Fund - Direct Plan - Growth - Equity - Diversified
3.Mirae Asset Tax Saver Fund - Direct Plan - Growth - Equity - ELSS
4.DSP Quant Fund - Direct Plan - Growth - Equity - Diversified
Further I want to increase monthly SIP to total 25000/-.
Pls suggest new funds which should i opt for generation of good corpus after 10 years.
Ans: Hello Rishu, thanks for writing to me. The funds you invest in are good funds. As you want to increase your investment by Rs.9,000 every month, you can consider beginning investments in:
1-Edelweiss NIFTY Quality 100 30 Index Fund: Rs.3,000 per month
2-SBI Focused Equity Fund: Rs.3,000 per month
3-Motilal Oswal Focused Fund: Rs.3,000 per month.