Sir I am a regular reader of rediffguru, pls check my Mutual funds for long term 7-10 year investing from last 3 years
Parag parikh flexi cap-6k/month
SBI Contra fund 6k/month
SBI focus fund 2500/month
Axis blue chip 5000/month
SBI nifty50 index fund 5000/month
PPF 8000/month
Please advise for long term and I can add another 15k per month to the mutual fund, where I should add 15k per month
Thank you
Ans: It's great to see your commitment to long-term investing. Your current portfolio showcases a mix of flexi-cap, contra, focused, and index funds, which is a good start. Given your 7-10 year horizon, it's essential to maintain a balance between growth and stability.
Considering your existing investments, adding 15k per month, you could diversify further. Given the current market scenario, you might consider adding to sectors or fund types that complement your existing holdings. For instance, you might look into international funds for geographical diversification, or debt funds for stability.
It's also worth considering your risk tolerance and investment goals when deciding where to allocate the additional funds. If you're comfortable with a bit more risk for potentially higher returns, you could lean towards mid or small-cap funds. Conversely, if you prefer stability, large-cap or balanced funds might be more suitable.
Remember, diversification is key to managing risk, so try not to put all your eggs in one basket. It might be beneficial to consult with a Certified Financial Planner to tailor a strategy that aligns with your financial goals and risk tolerance. Keep up the good work, and happy investing!
