I am 40 year old and investing 60,000 per month in following mutual funds. My goal is to create wealth of 1cr in next 5-7 years. I wanted to know the funds are right or not.
1. Canara Robeco Emerging Equities-Regular Growth- 7000
2. HDFC Mid Cap opportunities -G ----7000
3. Kotak Standard multicap reg- g ---7000
4. L & T Midcap-G---7000
5. Mirae Asset Hybrid Equity Reg-G--7000
6. Mirae Asset Large Cap Reg-G---7000
7. SBI Small cap-G---8000
8. Mirae Asset Great Consumer Reg-G---3000
9. HDFC Retirement Saving Fund Equity Reg-G--3000
Also I have invested 1 lakh lump sum in Mirae Asset Focused Fund Reg-G in 2019.
Ans: Please continue with 1, 3, 4, 5, 6, 7 and the lumpsum investment.