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Please let me know if my choice of funds are good

I have invested 2 Lakhs as lump sum recently for my son who turned 3 this year. I am planning to invest same amount every year for his education and other expenses. I have invested in the following funds: Birla Sun Life Equity(G) 60,000, ICICI Pru Value Discovery(G) 60,000, HDFC Medium Term Opportunities(G) 40,000; Mirae Asset Emerging BC(G) 20,000, HDFC Midcap Opportunities(G) 20,000. Can you please let me know if my choice of funds are good? Apart from Lump sum we do have our regular SIPs as well?

Oct 14, 2016 by Neetu Panda, Bengaluru  |   Mutual Fund

Glad to note that you have started planning for your child's education at the right time by investing through mutual funds.

Yes, all the funds you have chosen from diversified and mid-cap categories are good and amongst top performing in their respective categories. However, HDFC Medium Term Opportunities fund is a debt fund and may not be the right choice as your goal is long term. But if you have invested in this fund to average out the total risk of the portfolio, then it is fine.

Alternatively, if you are willing to take risk, then you should move this fund from debt to equity.

Thanks for writing to us.

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