Hello sir ,
I am investing in below mutual funds through SIP.
ICICI balanced Advantage 2K
HDFC Balanced Advantage 3K
Tata Midcap and Largecap 3K
Nippon India Small Cap 2K
Motilal Midcap 2K
ICICI Prudential Commodities 5K
Quant Small Cap 5K
Is it good funds for long terms ( Horizon of 8/10 years) ? I want to invest more 10K in SIP then which fund should I chose ?
Thanks
Ans: Your selection of mutual funds reflects a diversified approach across different categories, suitable for a long-term horizon of 8 to 10 years. However, let's evaluate each fund's characteristics and consider additional options for your increased investment.
ICICI Balanced Advantage and HDFC Balanced Advantage funds offer dynamic asset allocation, making them suitable for investors seeking a balanced approach to growth and risk management. Tata Midcap and Largecap Fund provides exposure to both mid-cap and large-cap stocks, potentially capturing growth opportunities across market segments.
Nippon India Small Cap and Motilal Oswal Midcap funds focus on smaller companies with growth potential, while ICICI Prudential Commodities Fund offers exposure to commodities, diversifying your portfolio further.
Quant Small Cap Fund targets small-cap stocks, enhancing growth potential but also increasing risk due to volatility associated with smaller companies.
Considering your desire to invest an additional 10k in SIP, you may want to consider adding a fund that complements your existing portfolio. A diversified large-cap fund or a flexi-cap fund could offer stability and growth potential. Alternatively, you could consider an international equity fund to diversify globally.
Before making any decisions, it's essential to assess your risk tolerance, investment objectives, and the suitability of the new fund within your overall portfolio. Consulting with a Certified Financial Planner can provide personalized guidance based on your financial situation and goals.
Overall, your current selection of funds appears suitable for long-term wealth creation, and adding a complementary fund can further enhance diversification and growth potential. Keep monitoring your investments regularly and stay informed about market trends to make informed decisions.