I am 31 now and have decided to start SIP from the next month. I have zeroed in on SBI Bluechip, ICICI Pru Value Discovery, UTI Midcap and Reliance Small cap, want to invest Rs 5000 monthly in each of these funds. My goal is wealth creation, horizon is long term and am okay with moderate risk. Have I selected right funds? Please give your feedback?
Though you selected right funds from large cap, diversified equity and mid & small cap category of funds, these funds may not be suitable for you as your risk profile is 'Moderate'. These funds are ideally suited for investors with 'moderately high' to 'high' risk profile looking for long term wealth creation through mutual funds.
Therefore, if you can take higher risk than the risk profile you have mentioned, go with these funds or else write back to us for further suggestions.
Thanks for writing to Advisorkhoj !
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