I am investing in following Mutual Funds for the long term. Kindly advice on the same. I am not getting a reasonable return in Axis Bluechip fund and UTI flexi fund. I am 50 years of age.
Also I want to invest 15000 (monthly) more through SIP. Which schemes should I invest in?
- Invesco India Contra Fund - GR -- 5000 -- 20.73%
- BNP Paribas Midcap FundGR -- 2000 -- 24.26%
- Kotak Emerging Equity Scheme - GR -- 2000 -- 27.83%
- L&T Midcap Fund - Growth – 2000 -- 14.50%
- Nippon India Growth Fund - GR -- 2000 -- 23.08%
- HDFC Small Cap Fund - GR -- 2000 -- 25.91%
- Nippon India Small Cap Fund - GR -- 2000 -- 34.17%
- SBI Blue Chip Fund - GR -- 4000 -- 36.75%
- Kotak Flexicap Fund - Growth Option -- 3000 -- 30.41%
- Mirae Asset Large Cap Fund - Growth -- 4000 -- 48.26%
- Axis Bluechip Fund - Growth -- 5000 -- 4.26%
- UTI Flexifund - Growth -- 3000 -- 3.86%
Total: 34000
Ans: Hello Sudhir Chauhan. Based on your age and your requirements, I can see that your risks diversification is well maintained. Regarding your question about whether the schemes are good or not. I can see there is over diversification in your current portfolio. Try to concise your portfolio.
Also for additional sips, increase your amount in existing folios itself in categories like large cap, midcap and flexi cap. You can introduce new SIPs in large & mid cap category. Axis Bluechip Fund & UTI Flexi cap fund can be hold.