Have I selected the best mutual fund schemes for my SIPs

Yes, you have selected 3 good schemes for your monthly SIPs. With regards to the 4th scheme, DSP BlackRock Multicap, please note that no scheme with this name exists. May be you are referring to DSP BlackRock Micro Cap Fund which is one of the top performing funds in the mid and small cap category.

Your current monthly SIP amount is Rs 8,000 (4 schemes @ Rs 2000 each). With 15 years investment horizon in mind, you can expect a corpus of Rs 40 Lakhs from your investment of Rs 14.40 Lakhs, assuming annual returns of 12%.

While the thought of investing for 15 years or more is good, you must continue to review your mutual fund portfolio once every year just to make sure that the respective scheme performances are aligned with your investment objectives and long term goals.

Thanks for writing to Advisorkhoj.