Am I investing in the right funds for a horizon of 5-7 years?

I am investing in the following mutual fund schemes:

Rs 2,000 in Mirae Asset Emerging Bluechip Fund
Rs 2,000 in SBI Bluechip Fund
Rs 2,000 in DSP BlackRock Tax Saver Fund

Am I doing correct investments for the period of five to seven years?

--CA Hemant Taneja

Deepesh Mehta, Certified Financial Planner, Grow Wealth, responds:

Your portfolio is fine. Kindly add a balanced fund to it. ICICI Balanced Advantage Fund can be a right match for your portfolio. Moreover, when you are investing in mutual funds via SIP mode, kindly keep a view of above 10 years.

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