I am planing to invest in Mutual funds or SIP for the Long term (10 to 15 yrs), right now i am investing in EPF 5000/ Month. Now I want to invest another 5000 per month for (10 to 15 yrs) in Mutual funds or SIP, I have read your blog regarding this then i after i have chosen below funds, Please suggest i am on right track or not or need to change some things.
1. SBI Blue chip fund-Direct growth :200
2. HDFC Midcap Opp Fund(G) :2000
3. Mirae Asset Emerging blue chip-Direct Plan :1000
You can go ahead. But do remember the importance of asset allocation and yearly review.
With SIP mutual funds you will highly benefit if you invest in early. The important aspect of SIP mutual funds investment is a fact that maintaining is trouble-free; and your money will get auto-debited from the account every month. You can invest in the Kotak mutual fund scheme anytime you want.
Systematic Investment Plans or SIP mutual funds make it possible for an investor to invest in a wide range of mutual funds at the same time, without spending lump-sum amounts. You can invest a specific sum in one or more mutual funds in monthly installments and even make withdrawals in installments.
As per Angel Bee analysis & experts best mutual funds to invest in SIP for 2019 based on performance are as follows:
SIP Mutual Fund Name
Large Cap Fund
UTI Nifty Index Fund (G)
HDFC Index Fund Sensex Plan (G)
Multi Cap Fund
Quantum Long Term Equity Fund Value (G)
Parag Parikh Long Term Equity Fund Value (G)
Mid Cap Fund
HDFC Mid-Cap Opportunities Fund (G)
Franklin India Prima Fund (G)
Small Cap Fund
Franklin India Smaller Companies Fund (G)
DSP Small Cap Fund (G)
Franklin India Hybrid Equity Fund G
HDFC Hybrid Equity Fund (G)