I am 28 years old. I have started some SIPs in this year itself. Currently I am investing ₹9500 per month. I want to take this up to ₹20000 per month. I would stay invested for 15 to 20 years at least. Let me know if I need to change these MFs or add some new ones or just increase the amount in these funds. Thanks in advance for your return. Current SIPs:
1. Axis Focussed 25 Fund - ₹2000
2. Mirae Asset Emerging Bluechip Fund - ₹2500
3. Parag Parikh Flexi Cap Fund - ₹3000
4. Kotak Nifty Next 50 Fund - ₹1000
5. Kotak NASDAQ 100 FOF - ₹1000
These are fine -- No need to increase funds, amount can be increased in these funds only.
Vivek G Ravindranath My monthly income is Rs 80,000. Out of which, I can spend upto Rs. 15,000 for MF SIPs. I am planning for direct funds. Could you please suggest which funds to invest in?
Ans: You may opt for some or all of these funds:
- Axis ESG Fund - Growth
- Samco Flexi-cap Growth
- Parag Parekh Flexi cap Growth
- SBI Magnum Global Fund - Growth