Which SIP mutual funds to invest in for the long term

Good to hear that you have started saving for the long term through mutual funds and already running 3 SIPs.

Though you have selected funds with long term performance track record, the one scheme in your portfolio, UTI Transportation and logistics fund may not be the right choice simply because it is a sectoral fund. Sectoral funds are the most risky and may not be suitable for your long term wealth creation needs.

For long term wealth creation you can invest in diversified equity funds. Therefore, in lieu of UTI Transportation and logistics fund, you can invest in diversified equity funds like, Birla Sun Life Advantage Fund, SBI Magnum Multi-Cap Fund and Mirae Asset India Opportunities Fund.

For starting the new SIPs as well, you can go with these funds.

Hope you find the above useful and thank you for writing to Advisorkhoj.