Will these equity funds help me achieve my long term financial goals?
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I started SIP of Rs 13,500 which is as follows:
Canara Robeco Bluechip Equity Fund - Rs 5,000
PGIM India Midcap Opportunities Fund - Rs 3,000
Quant Small Cap Fund - Rs 2,000
Nippon India Large Cap Fund - Rs 1,000
PGIM India Global Equity Opportunities Fund - Rs 1,500
Elss - Rs 500
ICICI Prudential Technology Fund - Rs 500
I want your suggestions as I am new to investing.
--Daksh Amit
Joydeep Sen, Corporate trainer and author, based out of Mumbai responds:
You are doing it right. In case of ELSS, you have not mentioned the name of the fund. I presume it is an ELSS fund of a good AMC. To be noted, your allocation is 100% to equity, which is ok because you are young and have a long investment horizon. However, sometimes it can be volatile and you have to sit through those phases.
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