Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.
Q: 31-year-old Dhamodharan Chellaiah writes to us from Singapore. I have been investing in mutual funds through both SIP and lump sum from 2015. My objective is wealth creation and retirement, and my time horizon is 15 years. I am currently investing Rs 50,000 through SIP in these schemes: Rs 2,000 in Reliance Small Cap Fund, Rs 2,000 in SBI Small Cap Fund, Rs 6,000 in L&T Mid Cap Fund, Rs 6,000 in Tata P/E Fund, Rs 10,000 in Canara Robeco Emerging Equities, Rs 12,000 in Axis Focused 25 and Rs 12,000 in Principal Multi cap. Please let me know if the schemes I am investing are alright and suggest changes if any.
A: You can continue to invest in Reliance Small-cap Fund, SBI Small-cap Fund, L&T Mid-cap Fund, Canara Robeco Emerging Equities Fund and Axis Focused 25. We would suggest you to redeem from Tata P/E Fund and Principal Multi-cap Fund and invest in Mirae Asset India Equity and Reliance Large-cap Fund.
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