Is it okay to invest in these schemes?

I am investing Rs 6,000 every month via SIPs in funds listed below (two equity schemes and two ELSSs):
1. Mirae Asset Emerging Bluechip Growth Fund - Rs 3,000
2. Mirae Asset India Opportunities Fund - Rs 1,000
3. Axis Long Term Equity Fund - Rs 1,000
4. ICICI Prudential Long Term Equity (Tax Saver) Fund - Rs 1,000
Also, I have holdings in two other funds:
1. Franklin India Bluechip Fund - Rs 5,000
2. Birla Sun Life Dynamic Bond - Rs 4,000

My investment horizon is five to seven years.
Risk profile is medium-high.

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My goal is to gather a considerable amount.
My questions are:
1. It is ok to keep investing in the above mentioned funds. If no, what are the other options?
2. I want to invest additional money as a lumpsum, need suggestions for mutual funds.
3. Also I want to start another SIP with a moderate high risk, need suggestions.
--Rohit Jadav


To begin with, work with real numbers to create a realistic investment plan to achieve your goals. Identify your goals, investment horizon and risk profile before choosing a scheme. Choose schemes that matches your risk profile. You have chosen a midcap fund, largecap and two ELSSs. If you have a higher risk appetite as you mentioned, you could have opted for another midcap scheme or smallcap scheme instead of a largecap scheme. Largecap schemes invest in stable very large companies. They are comparatively less risky and offer modest returns.

1. You may continue with your investments in them except for ICICI Prudential Long Term Equity Fund. The scheme has been under peforming for a while now. You may start a SIP in DSP Tax Saver Fund, Franklin India Taxshield Fund or Birla Sun Life Tax Relief 96.

2. It is not a great idea to invest a lumpsum in equity mutual fund schemes. Try to stagger your investments over a few months or invest the money in instalments whenever there is a major fall in the market. You may invest in the same schemes.

3. You can increase your investments in the existing plans.


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