Are the funds selected by me good for long term investment

I am 31 now and starting SIP from next month only. I have a budget of Rs. 20,000 for SIP. I googled a bit and have decided to invest Rs. 5,000 each in the following funds - 1. SBI Bluechip, 2. ICICI Prudential Value Discovery Fund, 3. HDFC Balanced Fund, 4.UTI Midcap Fund. Please give me your suggestion about the fund selection. My goal is long term (about 10 years) and am a moderate risk taker?

Apr 10, 2017 by Joyeeta, Kolkata  |   Mutual Fund

You have selected good funds for doing SIP for your long term investment needs. However this basket of funds are ideal for investors with moderately high to high risk taking appetite.

If you risk profile is moderate then invest in SBI Bluechip Fund and HDFC Balanced Fund and select two more funds from balanced or large cap category. These funds could be ICICI Prudential Focused Bluechip Fund, SBI Balanced Fund or DSP BlackRock Balanced Fund.

Wishing you great investment success with mutual fund SIPs. Thanks for writing to us.

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