Hope you are doing well.
I have done SIP in the following funds, with intention of continuing for 20 years:
Mutual Funds | No of units |
1. Axis Long Term Equity Fund Regular Growth | 1,000 |
2. DSP Midcap Fund Regular Plan Growth | 1,000 |
3. HDFC Tax Saver Regular Plan Growth | 1,000 |
4. ICICI Bluechip Fund Growth | 1,000 |
5. SBI Bluechip Fund | 1,000 |
6. Nippon India Small Cao Fund Growth | 1,000 |
7. UTI Midcap Fund Regular Growth | 1,000 |
Additionally, I intend to start SIP in Canara Robeco Emerging Equities and Prakash Parekh Flexi Cap Fund (Rs 1,000 each) from January next year as well as increase the SIP amount in two of the existing funds by Rs 500 each.
What sort of return may I expect with my current portfolio?
I am 34 years of age and a salaried person.
Is there any other fund that you would like to suggest for SIP?
Ans: There are already adequate funds in your portfolio, no need to increase the number of funds any further. The amount can be increased if required.
Thirteen to 15 per cent returns can be expected in long run. However, mutual fund investments are subject to market risk