Am I investing in good schemes?

I am investing in two schemes:
Aditya Birla Sun Life Frontline Equity Fund (Growth): Rs 1,500 per month
ICICI Prudential Focused Bluechip Equity Fund (Growth): Rs 1,500 per month
My monthly income is Rs 10, 000. I am investing in these schemes for around 20-30 years. Is my investment right?
--Basit Mir

Harpeet Singh, Founder, Vserv Capital Services, responds:

It is great that you are saving 30 per cent from an income of Rs 10,000. Another good part is that you have a long-term investment horizon. I am sure you must be quite young.


You are on the right track with investments in largecap funds in today's time. Quitting your schemes may lead to extra cost because of exit load. Increase your investments as your income increases with time. You may look to invest in some small or midcap schemes in accordance with your risk-appetite later on.