Will these mutual funds help me to create wealth in 10 years?

I have monthly SIPs in Axis Bluechip Fund (Rs 4,00), Kotak Emerging Equity Fund (Rs 4,200), Kotak Standard Multicap Fund (Rs 4,000), Nippon India Small Cap Fund (3,500), L&T India Value Fund (Rs 3,000). Will these funds help me in creating wealth over a period of 10 years?
-Naveed Ganai

You are currently inveting in a large cap scheme, mid cap scheme, multi cap scheme, small cap scheme, and value scheme. You have not mentioned your risk profile, so it is not possible to comment on your portfolio. However, you have chosen individuals schemes good performance record.
You should remember that mid and small cap schemes are risky and highly volatile - they are meant for investors who can take a lot of risk and volatility. Hope you are okay with the extra risk and volatility associated with these scheme. Similarly, value funds are meant for sophisticated investors who believe in the principles of value investing. Value schemes have been facing tough time in the last few years because of the peculiar situation in the market where liquidity is driving up only a few select index stocks.


It is always better to have a sharply focused equity mutual fund portfolio. Find out your risk profile and try to construct a portfolio by investing mostly in a category that is in line with your risk profile. For example, if you have a moderate risk profile, you should invest mostly in multi cap funds. You can also invest a small part of your portfolio in large cap funds if you want to reduce the risk by diversifying your equity fund portfolio.

Please consult a mutual fund advisor if you are not familiar with basics of investing and mutual funds.