I have started my SIP from last month and invested 1000 SIP in 1) Kotak Select Focus Fund - Regular Plan (G), 2) DSP BlackRock Opportunities Fund - Regular Plan (G) and 3) Mirae Asset Emerging Bluechip Fund (G) and invested Rs 2,000 in each MF so far. Please let me know whether I have invested in good Mutual Funds or not and should I continue to invest on it or not. I am 28 year old and have a plan of investing for atleast 60 months?
Congratulations ! You have selected good mutual fund schemes for your SIPs. Therefore, you should continue to invest in it for the long term. Your investment horizon of minimum 60 months is also fine as we always suggest investors to have minimum 5 years investment horizon when investing in equity mutual funds.
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