Query Answer

How is my mutual fund SIP scheme selection

I would like to seek your good advice on the following mutual fund SIP investments that I have made. 1) Kotak Select Focus Fund (G) - SIP of Rs 3000, 2) Motilal Focused Multicap 35 (G) - SIP of Rs 3000, 3) HFDC Midcap Opportunities Fund - SIP of Rs 3000, 4) SBI Small and Midcap Fund - SIP of Rs 2000. I am 27 years old and looking forward to invest for a long time period of 15 to 20 years or even more. Currently, I hold similar investments in SBI Mutual Fund since July 2016 a) SBI Blue Chip – Rs 3000 SIP, b) SBI Midcap Fund - Rs 3000 SIP, c) SBI Multicap Fund - Rs 3000 SIP. What would your suggestions on these selections?

Oct 10, 2017 by Sumit, Bangalore  |   Mutual Fund

You have selected good mutual fund schemes for your monthly SIPs. But we are not sure if you have already started the SIPs or planning to start the same. If you are yet to start, then kindly note that SBI Small and Midcap Fund is not accepting any investments as of now. Therefore, in lieu of this fund, you can increase allocation into the other funds that you are already investing in.

The 3 SBI mutual fund schemes in which you are already investing since July 2016 are among good performing in their respective categories.

Your thought of investing for 15-20 years is good, but remember to review your mutual fund portfolio at least once every year just to make sure that the respective fund performances are aligned with your long term investment objectives and future financial goals.

At any point in time, if you want to know which are the top performing funds in each mutual fund category, you may check this link - https://swarajwealth.com/mutual-funds-research...

Hope the above helps in your SIP investment planning. Thanks for writing to swarajwealth Investment Advisors.

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