Hello Sir, I have invested 9lacs via 5k monthly SIP each in 3 MF, i.e., Franklin India Smaller companies, SBI magnum midcap and ABSL Pure value. Stopped these SIP in May 22, however planned for accumulated corpus of 9L to remain invested for next 18years in these funds.
Secondly, I started 10K monthly sip in 3MF since Sept 2021, i.e., SBI Focused Equity, Kotak Small cap and UTI Flexi cap. I have planned to invest in these funds for next 18years. (Till 2040)
Further, I want to start another monthly SIP for 30K for next 18years. Target is to have retirement corpus close to 9Cr., by 2040. I am unable to decide between NIFTY 50 index fund or small cap fund. Request you to suggest. Thanks.
Ans: (1) I don't like the below schemes,
- ABSL Pure Value
- Franklin India Smaller Companies
- UTI Flexi
(2) If you follow point one, you will have 1 focused, 1 mid & 1 small cap in your portfolio
(3) Split the 30K equally in the remaining 3 funds