Opinion on current mutual fund investments
I would like to take your opinion and guidance on my existing mutual fund investments.
Currently I am investing in the following funds since last 9 months. These are mainly for my kids education and I wanted to keep them for next 10 years.
Please review and let me know if I am investing in the right funds or there is any change required.
|Mirae Asset Focused Fund - Regular Plan Growth - Growth (INF769K01ES4)||INR 5K|
|Axis Growth Opportunities Fund||INR 5K|
|PGIM India Midcap Opportunities Fund Regular - Growth||INR 5K|
|NIPPON INDIA Multi Cap Fund - GROWTH PLAN GROWTH OPTION - GROWTH||INR 5K|
|SBI Blue Chip Fund Reg Plan-G||INR 4K|
Though the selected funds are decent ones, below are my observations / suggestions;
* The portfolio overlap between Mirae Asset Focused Fund - Reg and SBI Bluechip fund is around 40%.
* I personally, prefer Large cap index fund to actively managed Bluechip funds.
* Though SBI bluechip fund is a decent choice, you may make future investments in an index fund like UTI Nifty index fund instead of these two funds.
* Axis Growth, PGIM Mdicap and Nippon multicap funds are ok.
Suggest you to calculate the required target goal amount (for your Kids' education) and plan to increase the SIP amount (or) make additional lump sum investments whenever it is possible and/or when you believe that the markets are in correction phase.