Should I invest a lumpsum in existing or new mutual fund schemes?

I have been investing in seven mutual fund schemes via SIPs for the last six months:

Canara Robeco Bluechip Equity Fund
Axis Bluechip Fund
Axis Midcap Fund
PGIM India Mid Cap Opportunities Fund
Axis Small Cap Fund
Kotak Small Cap Fund
PGIM India Flexi Cap Fund

I want to invest a lumpsum of Rs 3 lakh. Should I invest the amount in existing schemes or go for a balanced fund? My goal is to create wealth in 15-20 years. I am okay with moderate risk.

-Sangram Kumar Dey

You are investing in two large cap schemes, two mid cap schemes, two small cap schemes, and a flexi cap scheme. Your mutual fund portfolio is not in line with your stated moderate risk profile. Mid cap and small cap schemes are not recommended to moderate investors. These schemes are suitable for aggressive investors with very high risk appetite and stomach for volatility. We ask investors with a moderate risk profile to invest in flexi cap schemes to achieve their long-term goals.


You should seek the help of a mutual fund advisor if you don’t know much about risk appetite and constructing a suitable mutual fund portfolio. It is extremely important to invest in schemes that match your risk profile. It will ensure wealth creation over a long period.