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.