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The Economic Times
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How good is my mutual fund portfolio?

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: Jul 26, 2019, 09.46 AM IST
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I am 33 years old. I am single. I have been investing my disposable income of Rs 13,000 per month via SIP since September 2018, to create my retirement corpus. I am investing Rs 6,000 in Axis Long Term Equity Fund and Rs 4,000 in Invesco India Mid Cap Fund. I am planning to invest the remaining Rs 3,000 per month in HDFC Mutual Fund. Please comment on my portfolio. I am ready to take high risk.
--Sriganesh

Gaurav Monga, Director, PxG Consultants:


Since you are investing for your long-term goal of retirement, equity is the right asset class to invest. Both the funds selected by you are good. Axis Long Term Equity Fund is a tax-saving scheme and Invesco India Mid Cap Fund is a mid cap scheme. If tax saving is the requirement, then you should continue with Axis Long Term Equity Fund. Otherwise, you can shift to a multi cap scheme. For the additional investment, selecting a scheme on the basis of merit is important than selecting a specific fund house. You can start the SIP in a multi cap category equity fund like Kotak Standard Multicap Fund, SBI Magnum Multicap Fund, and HDFC Equity Fund.
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(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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