Which are best equity mutual fund schemes in India for long term SIP

I am 30 and a first time investor in mutual funds. I have selected certain funds to invest 15000 per month through sip. I want to stay invested for atleast 10 years period as my priority is to buy my own house. Following is the detail of the funds selected by me 1) SBI Blue Chip Fund, 2) Birla Sun Life Front Line Equity Fund, 3) HDFC Mid Cap Opportunities Fund, 4) SBI Small & Mid Cap Fund, 5) SBI Magnum Multicap Fund, 6) Birla Sun Life Advantage Fund. Each fund with the investment of 2500 each per month. Please suggest me if my portfolio is according to my priority n the funds invested in them. If certain changes are needed do suggest that also. I shall be highly grateful for this kind act of yours?

Sep 1, 2017 by Karan Singh Kanwar, Shimla | Mutual Fund

All the funds selected by you are good, but in our view they are too many. Selecting so many funds will not improve your risk diversification and may be difficult to monitor their performance on an ongoing basis. In our view you should finally select 3 – 4 funds for SIP from this selection. You can choose one large cap fund (e.g. SBI Blue Chip Fund, Aditya Birla Sun LifeFrontline Equity Fund), one multicap fund (e.g. Aditya Birla Sun Life Advantage Fund, SBIMagnum Multicap Fund) and one midcap fund (SBI Small and Midcap Fund, HDFCMidcap Opportunities Fund).

Please visit our research section to see top 10 performing Mutual Funds from each category.

Hope you find our suggestions useful.

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