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I wanted to invest Rs. 1000 in each mutual fund selected by me and this is my first investment

I am 37. I wanted to invest Rs. 1000 in each mutual fund. My choices are 1) SBI Pharma Fund, 2) DSP Black Rock Micro Cap Fund, 3) Reliance Small Cap Fund, 4) Oxidized Pru exports and other services fund, 5) UTI Transport and Logistics Fund. Is my choices are suitable for me? It Will be my 1st investment in MF. But I wanted to take some risks. Please suggest me in details?

Mar 29, 2016 by San, kolkata  |   Mutual Fund

The schemes selected by you are either Sectoral Funds or Small Cap Funds which are not suitable for first time investors like you. The best schemes for you to start doing SIP would be Large Cap Funds or Diversified Equity Funds.

We would suggest you to invest in SBI Bluechip in lieu of SBI Pharma Fund, DSP Blackrock Opportunities Fund or DSP Blackrock Top 100 Fund in lieu of DSP Blackrock Micro Cap Fund, Reliance Top 200 Fund in lieu of Reliance Small Cap Fund and, ICICI Prudential Top 100 Fund or ICICI Prudential Focused Bluechip Equity Fund in lieu of ICICI Pudential Exports & Other Services Fund and UTI Equity Fund in place of UTI Transportation & Logistics Fund.

The following link would help you further in selecting funds across different categories. If you are really keen to take some risk (as mentioned by you), you may choose couple of Mid Cap Funds from the below link -

https://www.advisorkhoj.com/mutual-funds-research/top-performing-systematic-investment-plan

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