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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 Pushpendra Mahajan writes us from Pune. My son is one year old now. I want to create Rs 1.5-2 crore for my kid's education. My investment horizon is 18-20 years. With this objective, I have started SIP of Rs 2,000 each in five funds: ICICI Pru BlueChip Fund, Kotak Standard MultiCap Fund, Mirae Asset Emerging BlueChip Fund, Reliance Small Cap Fund and L&T Emerging Business Fund.
All are growth options. I am investing from last three months. Please judge whether fund selection and allocation is proper. If any changes needed in fund, please suggest. I am willing to increase SIP as my income increases.
A: You can continue to invest in ICICI Pru BlueChip Fund, Kotak Std MultiCap Fund and Mirae Asset Emerging BlueChip Fund. You can exit from Reliance SmallCap and L&T Emerging Businesses and invest in HDFC SmallCap Fund and Canara Emerging Equities Fund.
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