I am 37 years old and doing below SIPs, please suggest if these are decent funds?
Mirrae Asset Large & Mid Cap - 3000
Quant Small Cap - 5000
PGIM Mid Cap - 5000
Axis Mid Cap - 2500
Nippon Small Cap - 5000
UTI Nifty 50 Index - 3000
UTI Nift Next 50 Index - 2000
Parag Parikh Flex Cap - 3000
Ans: It's impressive to see your commitment to systematic investment plans (SIPs) at this stage of your financial journey. Your selection showcases a thoughtful mix of funds across various categories, reflecting a well-diversified approach.
Diversification is key to managing risk, and your choice of funds spanning large & mid-cap, small-cap, and flexi-cap categories demonstrates a balanced strategy.
As a Certified Financial Planner, I commend your focus on actively managed funds over index funds. While index funds offer lower expense ratios, they lack the potential for outperformance that actively managed funds can provide, especially in volatile markets.
However, it's essential to regularly review your SIPs to ensure they align with your financial goals and risk tolerance. Market dynamics and fund performance can warrant adjustments over time.
Consider consulting with a certified financial planner periodically to reassess your investment strategy and make informed decisions based on changing market conditions.
Remember, patience and discipline are crucial virtues in long-term investing. Stay committed to your financial plan, and you'll reap the rewards of disciplined investing over time.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
