The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| E-Paper
Search
+

    Are these mutual fund schemes good for long term investment?

    Synopsis

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

    Getty Images
    I am investing in the following mutual fund schemes via SIP to build a corpus:
    Axis Bluechip Fund: Rs 4,000
    Kotak Standard Multicap Fund: Rs 5,000
    ICICI Prudential Equity & Debt Fund: Rs 1,000
    Mirae Asset Emerging Bluechip Fund: Rs 4,000

    I am planning to start SIPs in the following mid and small cap schemes:
    Invesco India Mid Cap Fund
    L&T Midcap Fund
    HDFC Small Cap Fund

    Are these schemes good for a long term investment horizon? Also, what returns can I expect in the long term?
    --Juber Loharia


    Suresh Sadagopan, Founder, Ladder7Financial Advisories, responds:

    If you are looking to invest for long term, then an equity oriented portfolio should be fine.

    Things You should consider
    • Annualized Return
      for 3 year: 1.44%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 4.1 Years
    Things You should consider
    • Annualized Return
      for 3 year: 2.29%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 3.8 Years
    Investments need to be done based on one's risk profile, goals, liquidity, tenure, income needs, etc. You have not provided any information.

    Overall, your portfolio has too many funds. I would suggest just three funds- a large cap, a multi cap and a mid cap scheme. You may consider investing in Mirae Asset Large Cap Fund, Kotak Standard Multicap Fund, and HDFC Mid-Cap Opportunities Fund. All the amount you would like to invest can be put in these three mutual fund schemes.
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

    1 Comment on this Story

    Venkat385 days ago
    iam investing in HDFC mid cap opportunities fund growth in sip for 7000 monthly from past one year, fund is declining , shall I continue or stop this fund kindly advise
    The Economic Times