Have I invested in right funds for achieving long term goals

I am 26 years old working professional and moderate to high risk taker. I have invested in HDFC Mid Cap Opportunity Fund (Rs 3000), DSPBR Micro Cap Fund (Rs 2000), Kotak Select Focus (Rs 3000), ICICI Focused Blue-chip Fund (Rs 2000) and Reliance Small Cap Fund (Rs 2000) through SIP for goal of long term (7-8 years) corpus generation. Additionally, I am also investing in Reliance small cap fund (Rs 2000) and DSP BR Micro Cap fund (Rs 2000) through SIP for retirement goal. I have also invested lumsump amount of 50,000 in Jan 17 in SBI Magnum Tax gain Dividend pay out scheme for tax saving purpose. I like to know whether my selection of funds are good and SIP amount is sufficient for achieving all goals in given time frame. I have budget of 20000 per month for SIP?

Mar 24, 2017 by Ranjan, Kozhikode  |   Mutual Fund

Given you risk profile which is 'high' you have invested in the right funds. Your portfolio is tilted more towards mid and small cap funds which is an ideal choice for high risk takers if they are investing for the long term.

Since your investment horizon is quite high, stick to your selection and monitor the portfolio regularly and review at least once every year.

You have talked about financial goals but did not define them in terms of number of years after which you want to achieve them and also the amounts.

If you can define that, then we will be in a better position to tell you if your investments are correctly aligned to your long term financial goals.

Happy investing !!

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