Am I investing in the right mutual fund schemes?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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I am 30 years old. I have five SIPs running (four of them from last 15 months and one from last one month). I started investing in a new mutual fund scheme this month. My plan is to invest for 15 years with an aim of wealth creation. I want to quit my job when I am 45 years old. I have following SIPs (from last 15 months):
1. Franklin India Prima Plus (G)
2. HDFC Growth Fund (G)
3. ICICI Prudential Value Discovery Fund- Regular (G)
4. SBI Bluechip Fund- Regular (G)

The new ones are:
1. Reliance Pharma Fund- Growth Plan
2. Franklin India Treasury Management Account Fund- Super Institutional Plan Growth (SIP)
--Sambit Kumar Hota

Suresh Sadangopan, Founder, Ladder7 Financial Advisories, responds:
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Consider replacing HDFC Growth fund & Reliance Pharma Fund with Mirae Asset India Opportunities Fund and Franklin India Prima Plus Fund instead.

Investing in Franklin India Treasury Management Super Institutional Plan-Growth must be for creating some liquidity or for a short-term need. If there is some other need, you need to choose some other fund to invest in.

(If you have any mutual fund queries, message on ET Mutual Funds
on Facebook. We will get it answered by our panel of experts.)
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