I have been investing in the below MF for last 2 years and my time horizon is more than 10 years so I need your suggestion as my selected MF is good for long term and I am ready to take a risk
1. Tata Flexi cap fund ----> 4000/month
2. Invesco Midcap fund ---> 2500/month
3. Canara Robeco small cap fund ---> 3000/month
4. Axis bluechip fund----> 2500/month
Though both the funds belong to 'Flexi cap' fund category, their portfolio compositions are pretty different.
Parag Flexi cap fund : Has exposure to foreign equity of around 18%of its portfolio
Equity Holding : 69.23% | F&O Holdings : 0.00%| Foreign Equity Holdings : 17.59%| Total : 86.82%
Large Cap Investments : 57.7%| Mid Cap Investments : 3.81% | Small Cap Investments : 6.08% | Other : 19.23% (Bank FDs)
Tata flexi cap fund has NIL exposure to foreign equity but well diversified portfolio across the Market caps.. The performance may not be upto the mark when compared to its peers/category avg returns and risk adjusted returns.
As you have large, mid and small cap funds, may be you can pick Parag flexi cap fund and have a small exposure to foreign equity..