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Am I investing in best mutual fund schemes

I am Venkat. I am a new MF investor. I am regularly visiting your website for Mutual Fund information and Thanks for your advises. My current portfolio is - ABSL Pure value - 1000/pm - 5/10 yrs, Reliance Small Cap - 1000/pm - 5/10 yrs. Now I wish to add following funds with Rs. 1000\pm each. Please suggest from following funds - Franklin India Smaller Companies, Canara Roboco Emergency Fund, Mirae Asset Emerging Bluechip Fund, L&T Emerging Business Fund Growth. My Total investment limit is 5000/6000/pm only. I will continue my investment upto 10 years. Kindly Advise me, as I am new to this type of investment?

May 14, 2018 by Venkata Narayana A,   |   Mutual Fund

Good to know that you visit our website regularly.

You are investing in two good mid and small cap funds - ABSL Pure Value Fund and Reliance Small Cap Fund. Please note that mid and small cap funds can give you the best return in the long term but they carry high risk also. Therefore, if you are ready to take high risk then only continuing with these funds will make sense.

For your new investments, I think investing in 4 funds with Rs 1,000 in each is too much. Restrict it to two funds only i.e. Rs 2,000 each - I think. starting SIP in Canara Roboco Emerging Equities fund and Mirae Asset Emerging Bluechip Fund could be a good idea.

As your investment horizon is long, marking these investments with one of your long term goals could be a good idea!

As you are a new investor you can visit this section on our website to learn about mutual funds https://www.advisorkhoj.com/articles

To know more about top mutual funds, you may visit our mutual fund research section https://www.advisorkhoj.com/mutual-funds-research

Wishing you the best :)

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