Which mutual fund is best to invest from my selection

I was investing in few SIP but now I want to switch to NRI account, so I need to close the SIP and start new SIP. so I need suggest to start SIP for 2 needs, one is for long term with monthly SIPs below are few short listed with the break down of allocation Birla Sun Life Advantage Fund - Regular Growth - 20%, Birla Sun Life Equity Fund - Growth - Regular Plan - 20%, HDFC Equity Fund - Growth Option - 20%, ICICI Prudential Value Discovery Fund - 20%, SBI Blue Chip Fund - Direct Plan - Growth - 20%, Reliance Equity Opportunities Fund - Growth Plan - Growth Option - Growth - 20%, Short Term (5 years) Reliance Small Cap Fund - Growth Plan - Growth Option - Growth- 40%, L&T India Large Cap Fund - Direct Plan - Growth - 20%, DSP BlackRock Micro Cap Fund - Direct Plan - Growth - 20%, Mirae Asset Emerging Blue Chip Fund - Direct Plan - Growth - 20%. So please advise if the funds and allocations are okay and also if any suggestion?

Aug 30, 2017 by Satish, Nagpur | Mutual Fund

You have rightly segregated the long term and short investment needs.

For your long term needs almost all the scheme selection is good excepting Reliance Equity Opportunities Fund which we think you can replace with Reliance Small cap Fund as this mid and small cap fund can be a good long term bet for you.

With regards to your short term needs (5 years as per you), we will suggest you to select Kotak Select Focus Fund in place of L&T India Large Cap Fund. You can not invest in DSP BlackRock Micro Cap Fund as the same is not accepting any fresh investment as of now. Therefore, you may allocate more to Mirae Asset Emerging Bluechip Fund or can select Canara Robeco Emerging Equities Fund, a top performing mid and small cap fund.

At any point in time, to refer top performing funds in any mutual fund category you can refer to this section of our website - https://www.advisorkhoj.com/mutual-funds...

Hope the above helps you. Thanks for writing to Advisorkhoj.

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