I want to invest Rs 5000 monthly in large and midcap funds

Firstly congratulations for your decision to start SIPs in equity mutual funds at a young age. If you invest through SIPs in a disciplined manner over a long investment horizon, you can create substantial wealth. Assuming you get 17 - 20% returns on your investment, you can accumulate a corpus of Rs 70 lacs to 1 crore through your SIP by the time you are just 40.

We do not specific investment advice in Advisorkhoj.com. However, to ensure good returns in different market scenarios, you can select a combination of large cap and midcap funds for your portfolio. Since you are starting with an SIP of Rs 5,000 you should not select more than 2 funds. Since you have long investment horizon, it is important that you select consistent performers for your mutual fund portfolio. We have discussed the most consistent performers different equity fund categories, in the following articles.

Best mutual fund consistent performers in 2015: Large Cap Funds

Best Small and Midcap Mutual Funds: Consistent performers for investment in 2015