Have I selected the right mutual fund schemes?

I have recently started SIPs in:

Reliance Small Cap Fund - Direct (G): Rs 1,500
SBI Small Cap Fund - Direct (G): Rs 1,000
SBI Magnum Multicap Fund - Direct (G): Rs 1,000
Mirae Asset Emerging Bluechip Fund - Direct (G): Rs 1,000
Kotak Standard Multicap Fund - Direct (G): Rs 5,000

Have I selected the best schemes?

--Anuj Singh Rathi

You have not shared the criteria used to choose these schemes. So, we will not be able to comment on your mutual fund portfolio.

We typically ask investors to choose their mutual fund schemes based on their goals, horizon and risk profile. Since you have not shared any of these details with us, we will not be able to say whether you have chosen the right schemes.


Here are some quick observations.

You are investing in two smallcap schemes and a midcap scheme. These schemes are typically meant for investors with high risk-taking ability.

Multicap schemes are typically recommended to equity investors with moderate risk appetite.