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Get all your mutual fund related queries answered by our expert, Harshvardhan Roongta, chief financial planner, Roongta Securties, on our show Mutual Fund Corner.
Q: Karan Ravi is a long term investor and currently investing Rs 20,000 per month in SIP DSP Midcap, DSP Tiger, Invesco India Growth Opportunities, ICICI Bluechip, Motilal 35, Parag Parikh, Reliance Small Cap, SBI Small Cap, SBI Consumption and Tata Digital India. I hold HDFC Equity Savings, L&T Emerging Businesses, Mirae Emerging Bluechip and two other new fund offers. I want to know whether I have invested in right fund or not.
A: Your SIP schemes need to be changed a bit. Stop SIP in DSP Tiger, Reliance Small Cap, SBI Small Cap, Tata Digital and increase the SIP in ICICI Bluechip Fund, Parag Parikh Long Term Equity Fund and Invesco India Growth Opportunities Fund. For Rs 20,000 per month, don't invest in more than 5-6 schemes. The lumpsums investments are fine.
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First Published: IST
