Is my fund selection right as I can take risk of equity investing

I have started following fund SIP from Nov 2015, I am 42 years old but my investments period of SIP are 12 years horizon. I shall take risk in equity market without worried. 1. Axis Long Term Equity Fund: 2000 pm, 2. DSPBR Microcap Fund: 2000 pm, 3. ICICI Pru Value Discovery Fund: 2000 pm, 4. Mirae Asset Emerging Bluechip Fund: 2000 pm, 5. L&T India Value Fund: 2000 pm. Kindly review for selection fund. Same time I would be wants to invest 118000 INR for 8 years horizon. Can I go for lump sum investment as per current scenario? Kindly suggest me regarding lump sum investment. If yes, Can I go with current portfolio?

Oct 14, 2016 by Rajan Khairnar, Mumbai | Mutual Fund

Your fund selection for long term SIPs is good and you should continue with them.

With regards to your lump sum investment of Rs. 118,000 for 8 years, you can invest in one go as the investment horizon is of 8 years. However, instead of adding more number of funds in your portfolio, you should invest the lump sum amount in the existing funds in which you are already doing the SIPs.

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