I am investing via SIPs of Rs 2,500 per month in three mutual fund schemes:
ICICI Prudential Bluechip Fund
HDFC Mid-Cap Opportunities Fund
SBI Bluechip Fund
How much return will I get from these schemes in the next 5, 10 and 15 years.
Also, tell me if I should add any other good schemes to my mutual fund portfolio?
--Shah Nawaz
Neeraj Chauhan, CEO, The Financial Mall, responds:
Equity is a long-term instrument and an investor should have a time horizon of 10 plus years. Historically, equities have delivered 10-14 per cent returns over 10 years. Investing in equities without understanding the risk and without proper knowledge can be harmful for your financial health. If you do not have proper knowledge, you should take the help of a mutual fund advisor.