Have I picked up the right mutual fund schemes?
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HDFC Balanced Fund: Rs 3,000
Kotak Select Focus Fund: Rs 3,000
Motilal Oswal Most Focused Multicap 35 Fund: Rs 2,000
Mirae Asset Emerging Bluechip Fund: Rs 2,000
All these schemes are under direct, growth plans and my investment horizon is 10 years.
--Nagarjuna Jammisetti
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
All the schemes in your portfolio are performing decently. Hence, you may continue investing in them. For the additional SIPs, you may think of investing in smallcap funds if your investment horizon is more than seven years at the time of investment.
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