Hope you are doing well in this covid times.
I have started SIPs in following MFs:
1)Parag Parikh flexi cap -regular growth- 10000
2)Nippon india Pharma fund direct growth- 5000
3)Axis bluechip fund direct growth- 20000
4)UTI flexi cap fund direct growth- 10000
5)Nippon india large cap fund direct growth- 8000
Total 53000
I am 35 years old. I am planning to do SIP of total 1 lakh. Can you advise whether above investment is okay and what more mutual funds should I invest in to make it 1 lakh total.
Ans: You may continue in 1,2,3 & 4 and for additional investment the below can be considered
a) Axis ESG Equity Fund – Growth
b) DSP Mid Cap Fund – Growth