Ask ET Mutual Funds: Have I picked the right funds?

I am 32 years old. I am investing Rs 1,000 every month in the following funds: Birla Sun Life Top 100 Fund, Birla Sun Life Frontline Equity Fund, SBI Bluechip Fund, Reliance Corporate Bond Fund and Mirae Asset Emerging Bluechip Fund. I want to stay invested at least for 10 years for wealth creation. Have I picked the right funds?

-- Pritam P. Verlekar

Abhinav Gulechha, a SEBI-registered investment advisor, responds:


Birla Sun Life Top 100 Fund,Birla Sun Life Frontline Equity Fund, SBI Bluechip Fund are all large cap oriented funds - you can consolidate all these into Birla Sun Life Frontline Equit. Consider getting out of Reliance Corporate Bond Fund and investing in a liquid/ultra short term fund.. Mirae Emerging Bluechip is a good fund.

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