I am 32 years old and working in a middle management position in a PSU. I am investing in the following MFS through monthly SIPS @ Rs 7500 each.
Please suggest the appropriateness of these funds for realising my long term goal of wealth creation. I am investing for the past over 3 years and can continue for another 7 odd years.
1. ABSL FRONTLINE EQUITY FUND - DIR- GROWTH
2. AXIS FOCUSED 25 FUND - DIR- GROWTH
3. HDFC MIDCAP OPPORTUNITIES FUND - DIR- GROWTH
4. ICICI PRU BAL ADVANTAGE FUND - DIR- GROWTH [LUMP SUM, NO SIPS]
5. ICICI PRU EQTY & DEBT FUND- DIR- GROWTH
6. MIRAE ASSET LARGECAP FUND -DIR-GROWTH
7. PARAG PARIK FLEXICAP FUND - DIR- GROWTH
8. SUNDARAM LARGE & MIDCAP FUND - DIR - GROWTH
9. SBI SMALL CAP FUND - DIR- GROWTH.