Should I make changes in my mutual fund selections

I have SIP of Rs. 5000 each in the following funds: 1) DSP BlackRock Micro Cap Fund, 2) Franklin India Prima Fund, 3) Franklin India Smaller Companies Fund, 4) DSP BlackRock Opportunities Fund, 5) Kotak Select Focus Fund, 6) DSP BlackRock Tax Saver Fund, 7) Mirae Asset Emerging Bluechip Fund, 8) Birla Sun Life Frontline Equity Fund, 9) Reliance Small Cap Fund. I am 29 years, want to invest for 15 years. I am investing in these funds since 6 months. I want to invest more for long term & I can take risk. Can you suggest me some funds? Also should I make any changes in the above funds?

May 3, 2017 by Rohit Jain, Mumbai | Mutual Fund

You have really selected very good funds from large cap, diversified, ELSS and mid & small cap categories and the same is ideal for someone having a high risk appetite for a long term investment horizon. However, you must review your mutual fund portfolio at least once every year and check if the portfolio performance is aligned with your long term goals

As your fund selection is good, do not increase the numbers further and instead add your new investments in the existing ones.

Thanks for writing to Advisorkhoj.

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