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Best mutual fund schemes to invest for 15 years

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

ET Online|
Updated: Sep 24, 2019, 05.05 PM IST
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I am investing in the following mutual fund schemes for 15 years:
Parag Parikh Long Term Equity Fund: Rs 1,500
Mirae Asset Emerging Bluechip Fund: Rs 1,000
Quantum Long Term Equity Value Fund: Rs 1,000
HDFC Corporate Bond Fund: Rs 5,00

All are direct plans. I am a moderate risk investor. My aim is to build a corpus of around Rs 30 lakh to buy a house. Is my mutual fund portfolio good?
--Deepak Raj Ujjain

Deepali Sen, Founder, Srujan Financial Advisors, responds:

You have chosen good mutual fund schemes. Also, the fact that you are going to stay invested for 15 years makes sense. Since your investments are for long term, you can consider to stop your SIP in HDFC Corporate Bond Fund and invest the amount in HDFC Top 100 Fund.

However, you need to increase your monthly investment amount to Rs 6,000. You could invest the additional amount in the same schemes. Assuming an annual return of 12 per cent, you would be able to reach your target of Rs 30 lakh after 15 years.
(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.)
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