Where should I invest Rs 2,000 per month?

I have started investing in mutual funds eight months ago. I am investing to build wealth over long term of eight to 10 years. I have started an SIP of Rs 3,000 in Kotak Select Focus Fund (G), Rs 2,000 in Tata Consumer Fund, Rs 1,000 each in L&T Value India (G), L&T Emerging Businesses Fund (G) and Mirae Asset India Opportunities Fund. I also invested some amount in HDFC Housing Opportunity Fund Series 1.

Is my portfolio good? I am also looking to start a new SIP of Rs 2,000 per month. Which fund should I invest?

-- Pranav Patil

It's good to know that you're looking at long term investing. That is very important. The additional Rs 2,000 can be divided between L&T Emerging Businesses and Mirae India Opportunities Fund. There is no need to add another fund. I generally avoid thematic funds like Tata Consumer fund and HDFC Housing Opportunities Fund- they are riskier than normal diversified funds and we need to get their entry and exits right. Other than that you have a good portfolio, continue investing and remember, the most important thing in investments is to stay invested. So, stay invested.