Can you check if I am investing in right SIPs

I am investing in following monthly SIP - SBI Pharma - 2500, SBI FMCG - 2500, Birla MNC - 2500, Reliance ELSS - 10000. Please review and suggest if changes if any. My age 28, monthly income 60000?

May 12, 2017 by Ankit Mehta,   |   Mutual Fund

Out of the 4 SIPs that you are investing in, 3 are in thematic funds. Please note that thematic funds are among the most risky category of funds and as such suitable to investors with high risk appetite and very long term investment horizon. If you are interested in long term wealth creation, then we suggest that you should invest in diversified equity funds. Diversified equity funds invests across all market cap and sectors and most ideal for long term investments.

You can choose from SBI Magnum Multi-Cap Fund, Birla Sun Life Equity Fund or ICICI Prudential Value Discovery Fund.

Your SIP in Reliance Tax Saver is a good choice.

Hope the above helps! Thanks for writing to us.

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