Should I invest in Parag Parikh Flexi Cap Fund and HDFC Retirement Savings Fund - Equity Plan

I need your suggestion for two mutual funds. I want to invest Rs 5,000 each (SIP) in two MFs for the long term. One is for wealth creation and the other is for retirement plan. I am planning for Parag Parikh Flexi Cap Fund and HDFC Retirement Savings Fund - Equity Plan considering the good returns even in long-term. Do you recommend any good MFs? Parag Parikh is private and I am looking for long-term and it should not end like Franklin Templeton and losing money. I know there are risks but still need to research well and invest. Do you recommend this or any other Mutual Funds?

--Prajwal Sapare

Joydeep Sen, Corporate trainer and author, based out of Mumbai responds:

Hi Prajwal, Franklin Templeton case of 6 debt funds is a first time case and hopefully the last ever. To be noted, people will get back their money, it is not a scam and nobody has run away with the money. For both the objectives, your horizon is long term. The funds you have chosen are good. I have an alternate suggestion: the confusion about allocation to large cap, small cap etc: there are fund of funds (FoFs) allocating to ETFs (saving of costs) as per market allocation (market cap) and industry fund manager allocation. These FoFs are from Mirae and Nippon.