Do these mutual funds match my aggressive risk profile?

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I am 29 years old. My goal is to create wealth in the long term. The risk in portfolio can be aggressive. I am currently investing Rs 3,000 each in SBI Bluechip Fund (growth, direct) and HDFC Hybrid Equity Fund (growth, direct), and Rs 2,000 in Aditya Birla Sun Life Tax Relief 96 Fund. Should I continue to invest in these funds? Please suggest some funds for the long term.
-Krishna Sharma

You are currently investing in a large cap scheme, aggressive hybrid scheme, and tax-saving or ELSS fund. The large cap and aggressive hybrid schemes are typically recommended to new or conservative equity investors. ELSS funds are tax-saving mutual funds that follow a multi cap investment strategy which is suitable for investors with a moderate risk profile.

As you can see, these schemes have low risk and they are not in line with your stated aggressive risk profile. Most new investors believe they have a huge capacity to take risk. We often notice that they get jittery and realise their mistake only when they see their investment lose value sharply in a market downturn. So, be realistic about your risk-taking ability and your mental make-up, before choosing a risk profile. If need be, taken an online quiz to assess your risk profile. Once you know your risk profile, you should ensure that the schemes in your portfolio match your risk profile.
  • 4.59%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 5.2 YearsTime taken to double money
  • 3.88%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.8 YearsTime taken to double money


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