I am 35 year old. I am investing in the following MF via SIP:
1. SBI Focused equity growth direct plan (Rs. 5000) for 15 years (Goal: Child Education)
2. UTI Flexi Cap Growth direct plan (Rs. 5000) for 10 years (Goal: Emergency fund)
3. Parag Parekh Flexi Cap Growth direct plan (Rs. 5000) for 20 years (Goal: Retirement fund)
4. PGIM India Flexi Cap Growth direct plan (Rs. 5000) for 6 years (Goal: Bike and Car Replacement)
5. ICICI Prudential Large and mid cap fund (Rs. 1000), ICICI Prudential bluechip fund (Rs. 1000), ICICI Prudential dividend yield equity fund growth (Rs. 1000), ICICI Prudential Balanced advantage fund (Rs. 1000) - All 4 funds for enjoying holidays (Hotel flight etc)
I also contribute Rs. 1.5 lakh/year in PPF for retirement purposes. Is this the right strategy? Or, should I change my allocations?