Are these mutual funds apt for retirement planning?


I am 32 years old and am doing SIP in the following schemes:

1. Axis Long Term Equity Fund – Rs 7,000 (for tax saving)
2. Kotak Standard Multicap Fund – Rs 5,000
3. L&T Emerging Business Fund – Rs 5,000
4. ICICI Pru Bluechip Fund – Rs 5,000
5. SBI Bluechip Fund – Rs 5 ,000
6. Motilal Oswal Multicap 35 Fund – Rs 5,000
7. HDFC Hybrid Equity Fund – Rs 5,000
8. Mirae Asset Emerging Bluechip Fund – Rs 2,500
9. Franklin India Prima Fund – Rs 2,500

I have a moderate to high risk appetite. My goal is to build corpus for retirement and for my yet unborn child.

Should I continue to invest in these funds or switch to some other?
I am also thinking of starting a new SIP of Rs 5,000 in the name of my child. Please suggest.
— Hitesh Suri




Suresh Sadagopan, Founder, Ladder7 Financial Advisories, responds:

Currently, you are doing SIPs worth Rs 42,000. You want to start another SIP of Rs 5,000 . You need not invest in so many funds. I would suggest that you consider investing in just three funds. You may invest via monthly SIPs in ICICI Bluechip Fund, Mirae Asset Emerging Bluechip and Kotak Standard Multicap Fund.



Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*