I'm 27 years old and have made 4 monthly SIPs of 5,000 rs each, two months ago. They are:
1. Axis Bluechip Fund - Direct Plan Growth
2. Quant Small Cap Fund -Growth Option Direct
3. PGIM India Midcap Opportunities Fund - Regular Plan Growth
4. Quant Active Fund - Growth
Could you please advice me whether I should continue with these funds or switch. I was also considering to put invest an additional 20,000 rs a month. I was planning to either put it in MF's or use it for a PPF account. Please advice what's the best thing to do with this sum, I aim to retire by the age of 45.
Ans: Please continue, can be reviewed after 6 months
Additional investment in MF is better if the goal is to retire early. You may choose from below funds
- Axis ESG Equity Fund – Growth
- Motilal Focused 25 Fund – Growth
- ICICI Pru US Bluechip Equity Fund – Growth
- UTI Flexi Cap fund – Growth
- DSP Quant Fund - Growth
