Am I investing in good mutual fund schemes

I am currently investing in ICICI Prudential Dynamic, ICICI Prudential Value Discovery, HDFC Midcap Opportunities, Mirae Asset Emerging Bluechip via SIP of Rs. 2,000 each. Is this a sufficient portfolio for long term 10-15 years. I may increase the total amount gradually. Also thinking of adding one from Birla sunlife Frontline Equity, Franklin India Prima Plus, Kotak Select Focus, SBI Bluechip. Please advice?

Jun 6, 2017 by Himanshu Deshmukh, Jabalpur  |   Mutual Fund

You have selected good schemes for your SIP investments and you must continue it for the long term. Whether this is sufficient or not, we cannot comment, as we do not know your investment horizon and the financial goals that you want to achieve through these investments. Increasing your monthly as much as you can is the most ideal thing. But having said that, allocating each investment towards a goal gives direction to your investments. Once you link your investments with your goals, you can easily track and monitor them.

The funds you are thinking to add for your new investments are also very good and among top performing in their respective categories.

Thanks for writing to Advisorkhoj!

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