Sir, I am 53-year-old and currently investing in the following mutual funds, the amount mentioned against it. Please advise if this investment is right or if I have any better option.
1. SBI Blue Chip Fund Direct Growth: Rs 5000
2. Mirae Asset Large Cap Fund: Rs 3000
3. HDFC Equity Fund Direct Growth: Rs 3000
4. HDFC Small Cap Fund Direct Growth: Rs 3000
5. Kotak Emerging Equity Scheme Growth: Rs 2000
6. ABSL Front Line Equity Fund Growth: Rs 4000
7. Franklin India Blue Chip Fund Direct Growth: Rs 3000
8. Franklin India Equity Fund Direct Growth: Rs 3000
Ans: | Name of the Fund | Category | RankMF Star Rating |
| SBI Blue Chip Fund Direct Growth | Equity - Large Cap Fund | 4 |
| MiraeAsset Large Cap Fund | Equity - Large Cap Fund | 4 |
| HDFC Equity Fund Direct Growth | Equity - Multi Cap Fund | 4 |
| HDFC Small Cap Fund Direct Growth | Equity - Small cap Fund | 2 |
| KotakEmerging Equity Scheme Growth | Equity - Midcap Fund | 4 |
| ABSL Front Line Equity Fund Growth | Equity - Large Cap Fund | 4 |
| Franklin India BlueChip Fund Direct Growth | Equity - Large Cap Fund | 3 |
| Franklin India Equity Fund Direct Growth | Equity - Multi Cap Fund | 3 |
4-star rated ones can be continued, remaining 3 may be changed;
Large cap Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Small Cap: Suitable options considering quality and value for money at present levels are Kotak Small Cap and Axis Small Cap
Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap and Motilal Oswal Multicap 35
