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Have I and my spouse selected good funds for SIPs

48 years old, 1st time investor in mutual fund, I want to start SIP of Rs 25,000 per month, Rs 5,000 in BSL Frontline Equity, Rs 5,000 in ICICI Pru Value Discovery, Rs 5,000 in Sundaram Select Midcap, Rs 5,000 in DSPBR Micro Cap Fund Rs 5,000 in HDFC Balanced Fund. My wife aged 47 years selected funds Rs 5,000 in SBI Bluechip, 5,000 in Kotak Select Focus, Rs 5,000 in ICICI Prudential Top 100, Rs 5,000 in Mirae Asset Emerging Blue Chip and Rs 5,000 in ICICI Balanced Fund. Are my choices proper?

Apr 26, 2017 by Munir J Mehta, Mumbai  |   Mutual Fund

You and your spouse have selected good funds for starting your SIPs. You have selected schemes from large cap, diversified, balanced and mid & small cap funds. Though your choice of funds is good, please note that the portfolio is suitable for high risk appetite investors with a minimum investment horizon of 5 years.

Please also note that you cannot invest in DSP BlackRock Micro Cap Fund as the same is not accepting any fresh investments as of now.

Wishing you and your spouse happy investing times :)

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