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Is my Mutual Fund SIPs good for long term wealth creation

You are doing good job help us to encourage and manage money in right direction. My question is I have done sip in MF. My fund name is 1. ICICI Prudential Value Discovery 2. Birla Sun Life Frontline Equity Fund 3. Franklin India Smaller Companies Fund 4. SBI Bluechip Fund all are in growth option. I currently invested 1. 2000 2. 2000 3. 1000 4. 1000. I want to invest more Rs. 4000 in this fund. But asset allocation please suggest me in %. So I am going for better creation of wealth. My investment horizon in this schemes for long term about more than 15 years. Also if I have to invest lump sum in MF, so suggest which is best for long term?

Sep 22, 2016 by Vishal Patel, Gujrat  |   Mutual Fund

The funds you have selected for your SIP are all top performing in their respective categories.

You should invest the further SIP amount as well as the lump sum amounts in these existing funds only instead of adding more number of funds.

Your entire portfolio is invested in equity funds, therefore, asset allocation of this is 100% equity. We do not know what other assets you have. To know your correct asset allocation of entire investments done so far, you should take into account your other investments, if any, in real estate, bank FD, PPF, Postal deposits and equities etc.

You may also like to know what should be your correct asset allocation? Try this https://www.advisorkhoj.com/tools...

As your investment horizon is 15 years, equity mutual funds are the best way to long term wealth creation. Therefore, stick to your investments for the long run while reviewing them at least once in two years or so.

Hope this helps you! Thanks!!

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