I plan on doing a SIP of Rs. 80,000 per month and to invest in diversified and large/midcap equity funds. Based on my research based using AdvisorKhoj, I have short listed the following: HDFC Equity Fund, HDFC Top 200 Fund, Franklin India Prima Plus, Birla Sun Life Equity Fund, Franklin India Bluechip Fund, SBI Magnum Multiplier Fund, ICICI Prudential Top 100 Fund, Reliance Growth Fund. Can you kindly advise if the above funds are good choices as long-term (25 years) investment tools?
Great to hear that you want to invest in mutual fund SIPs for next 25 years.
It seems that you have selected funds with highest historical returns. Investing in funds with good historical returns alone should not be the criteria. Therefore, we have curated a list of consistent performing mutual fund schemes using our own methodology.
You can check the same here https://www.advisorkhoj.com/mutual-funds...
Our suggestions for your monthly SIPs will be as follows -
Large cap funds - SBI Bluechip Fund, Kotak Select Focus Fund, ICICI Prudential Focused Bluechip Equity Fund and Birla Sun Life Frontline Equity Fund.
Diversified Equity Funds - Birla Sun Life Advantage Fund, Mirae Asset India Opportunities Fund, SBI Magnum Multi-Cap Fund and DSP BlackRock Opportunities Fund.
Mid and small cap funds - Mirae Asset Emerging Bluechip Fund, Reliance Small Cap Fund, Canara Robeco Emerging Equities Fund and Principal Emerging Bluechip Fund.
As you want to invest Rs 80,000 per month, you can choose 6-8 funds (maybe two from each category) from the list shared above.
The other suggestion is that you should review your mutual fund portfolio at least once every year to ensure that the respective fund performances are aligned with your investment objectives.
Hope you find our suggestions useful. Wishing you great investing journey through SIPs.
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