I am 36 years old. I have been investing Rs 25,000 per month in these mutual funds via SIPs:
Axis Focused 25 Fund – Direct Plan: Rs 5,000
HDFC Small Cap Fund – Direct Plan: Rs 5,000
Motilal Oswal Multicap 35 Fund – Direct Plan: Rs 5,000
HDFC Hybrid Equity Fund – Direct Plan: Rs 5,000
Mirae Asset Emerging Bluechip Fund – Direct Plan: Rs 5,000
My risk appetite is aggressive to moderate. Are these funds right for my portfolio? Please let me know if I need to make any changes.
— Anurudh Dubey
Dinesh Rohira, Founder and CEO at 5nance.com, responds:
A SIP is a good channel to create long-term wealth on a staggered basis. It also helps to inculcate discipline in investing. You can opt for direct plans, as they will offer you additional returns than regular plans. You may also take the help of an advisor or financial planner periodically to examine the health of the mutual fund schemes in your portfolio. They will offer you more insights.
You have invested mostly in quality funds with a decent track-record. They have delivered superior risk-adjusted returns over a long period. Though some of them have underperformed during the recent market correction, their long-term performance continues to be favorable. I would recommend you to continue with these schemes.