Wanted your opinion on my investments in mutual funds
I have time horizon of 10+ years.
Presently investing in Mirae Emerging Bluechip Rs.3,500 per month.
UTI mid-cap Rs.1,000 per month.
ICICI Pru Value Discovery Fund Rs.1,000 per month. planning to invest in
Planning to invest in SBI Magnum Multicap Rs.3,000 per month and DSPBR Micro Cap Fund Rs.2,000 per month .
Am I doing right investments or I should go for other funds ????
First mistake, investing 100% in equity mutual funds. Hence, for your time horizon, you must have around 60:40 in debt:equity. For debt, you can use FDs, PPF or Debt Mutual Funds.
Second mistake, choosing two midcaps (UTI and Mirae).
You need one large cap, one mid cap and one small cap enough. Refer my post for the same at “Top 10 Best SIP Mutual Funds to invest in India in 2017“.
Thanks for the reply sir . I am investing in FD and RD also and also hold PPF account
Presently FD are of approx 2.5lac and and RD monthly investment around 36000
PPF yearly I try invest around min 50000
What is your opinion sir ??