Will my mutual fund portfolio help me to create wealth in 10 years?
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Aditya Birla Sun Life Frontline Equity Fund: Rs 2,000
Axis Bluechip Fund: Rs 2,000
Reliance Large Cap Fund: Rs 3,000
ICICI Prudential US Bluechip Equity Fund: Rs 2,000
Aditya Birla Sun Life Equity Fund: Rs 3,000
SBI Focused Equity Fund: Rs 2,000
HDFC Mid-Cap Opportunities Fund: Rs 1,000
My objective is to create wealth over the long term. I have an investment horizon of 10 to 15 years. Please let me know if I have chosen the right mutual funds for my SIPs. I have a low to slightly moderate risk appetite.
-- Raaghini Liya
Shweta Jain, founder, Investography, reponds:
You have too many funds for Rs 15,000 per month. Three funds are more than enough. You should continue with Aditya Birla Sun Life Frontline Equity Fund, and increase the SIP to Rs 4,000 per month. I would suggest you to introduce Invesco India Growth Opportunities Fund for Rs 6,000 and also invest Rs 5,000 in L&T Midcap Fund. Do ensure you put down your long term and short term goals, so you have the visibility about where you want to go. You should also keep three to six months' expenses in a liquid fund to ensure you are ready for any emergency.
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