I am 37 years old. I have been investing in Mutual Funds since June 2017. I am an aggressive investor ready to take risks. My investment horizon is long term. I am investing for my Son's higher education which is 13 years away and also for my retirement which is 23 years away. My portfolio comprises of the following mutual funds.
1) HDFC Midcap Opportunities fund Regular growth - ₹4100/- per month with top up of 10% every year.
2) L&T hybrid equity fund Regular growth - ₹5000/- per month with top up of ₹500/- every year.
3) Aditya Birla Sun Life pure value fund Regular growth - ₹4500/- per month with top up of ₹500/- every year.
4) L&T Midcap Fund Regular growth -₹6000/- per month with top up of ₹500/- every year.
5) L&T Emerging Businesses Fund Regular growth -₹6000/- per month with top up of ₹500/- every year.
6) L&T Tax Advantage fund Regular growth -₹4500/- per month with top up of₹500/- every year.
7) Aditya Birla Sun Life Tax Relief '96 fund Regular growth - ₹5000/- per month with top up of ₹500/- every year.
8) UTI Flexi Cap fund Direct growth - ₹1000/- per month.
9) DSP Midcap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.
10) DSP Equity Opportunities fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.
11) DSP Flexi Cap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.
12) Aditya Birla Sun Life Equity Advantage fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.
13) Aditya Birla Sun Life Flexi Cap fund - Direct growth - ₹1000/- per month with top up of ₹1000/- every year.
14) ICICI Prudential Technology Plan Direct growth - ₹1000/- per month.
15) Nippon India Small Cap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.
16) Kotak Emerging Equity fund Direct growth plan - ₹1000/- per month with top up of ₹500/- every year.
17) L&T Flexi Cap fund Direct Growth plan - ₹1000/- per month.
Am I on the right track/path of investing? Please suggest necessary changes in the above portfolio if any or should I continue with the above mutual funds.Also suggest which funds should I Add/Remove from the above portfolio.
