Hi i am planning to invest 10k monthly for 15 years to achive my financial goals. I can take a risks of investing in high risk funds. Which funds are suitable to get a desent returns. Kindly suggest good 4-5 schemes from different categories, only equities.
Ans: Hello Suraj and thanks for writing to me. As your time horizon is long, I recommend you consider investing in a mix of small and mid cap funds for the first 10 years and then invest in large cap funds and balanced advantage funds for the in the last 5 years.
Small and midcap funds while more volatile, generally outperform large cap funds and can potentially generate higher returns.
You can starting monthly SIP's of Rs.2,000 each in:
1-UTI Small Cap Fund
2-Kotak Small Cap Fund
3-Sundaram Small Cap Fund
4-DSP Midcap Fund
5-SBI Magnum Midcap Fund
Periodic rebalancing and reassessment of your goals is essential to ensure you are on the right track. Stepping up your SIP's annually will help you create a larger corpus.