Ask ET Mutual Funds: Am I investing in the right portfolio?

Mutual funds in my portfolio are:
Birla Sun Life Tax Plan (ELSS)- Growth, Regular Plan: Rs 6,000 per month
Birla Sun Life MNC Fund-Growth: Rs 5,000 per month
HDFC Long Term Advantage Fund – Grwoth, Regular Plan: Rs 50, 000 in a lumpsum
HDFC Mid-Cap Opportunities Fund - Regular Plan – Growth: Rs 5,000 per month
HDFC Children's Gift Fund -Investment Plan: Rs 10, 000 per month

Please guide me whether I am investing in the right portfolio? I am investing in them for the last two years.

--P Sharma

Chirag Gokani, Founder, WealthWiz Advisors, responds:

Funds in your portfolio are good in their standalone capacity. However, its suitability to you depends upon your risk appetite and investment time horizon.

If you have a long investment horizon (five to seven years), you can continue your SIPs in them. Also, you should consider adding a largecap fund to your portfolio.


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