Have I selected the right mutual fund schemes for long term investments

My monthly income is 50,000. I am 28 years old, single with no dependency. I want to start investing in SIP of 19,000. Following Mutual funds I have picked based on CRISIL ratings and rankings. Please suggests, DSP BlackRock Micro Cap Fund - Regular Plan (G) - 2000, DSP BlackRock Micro Cap Fund - Regular Plan (G) - 2000, Mirae Asset Emerging Bluechip Growth - 2000, Franklin India Smaller Companies Fund Growth - 2000. Large Cap - SBI Blue Chip Fund (G) - 2500, SBI Blue Chip Fund (G) - 2500, Kotak Select Focus Fund - Regular Plan (G) - 2000. Diverified Fund - ICICI Prudential Value Discovery Fund (G) - 2000, L&T India Value Fund (G) - 2000?

Dec 4, 2016 by Subhobrata Mukherjee, Chennai | Mutual Fund

CRISIL research is most dependable, transparent and followed by the industry. You have done the right thing by selecting funds based on their rankings.

The only point I would add here is that you should be aware of the risk return perspective of the selected fund categories. For example - Small and Mid Cap funds can give very high return but they are most risky as well.

Similarly, Diversified Equity funds would be less riskier than Mid and Small cap funds and Large Cap funds would be the least riskier across equity fund categories.

Otherwise, the fund selection is good.

Thanks for writing to Advisorkhoj

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