Have I chosen right mutual funds?

I am 33 years old. I have been investing in mutual funds for the last 7-8 years and recently made some changes in my portfolio. Below are my current SIPs:

Axis Bluechip Fund: Rs 5,000 ( New SIP- switched from ABS Frontline equity fund I used to invest in last four years)
PGIM India Midcap Opp Fund: Rs 5,000 ( New SIP)
Canara Robeco Emerging Equity Fund: Rs 5,000 ( since last 3 yrs)
Mirae Asset Emerging Bluechip Fund: Rs 3,000 ( since last 3 yrs)
Axis Smallcap Fund: Rs 2,000 ( New SIP- switched from L & T Midcap fund)

So in total current SIPs are 20,000 per month. Apart from that I have previous mutual fund investments in lumpsum, shares , and FDs. I also have investments in NPS through my employer with a current monthly contribution of Rs 18,000 ( both mine & employer contribution) . I am presently debt free and my target is wealth maximization. I have a high risk appetite and long term targets.

Need advice on my current investments. Are the MFs selected by me good?

--Shitiz Gupta


You have chosen good individual schemes. However, you can make your portfolio more focused by limiting your investments to two or three schemes.

Actively-managed large cap schemes are struggling to beat their benchmark. So, watch the performance of your scheme closely. It is also not clear why you are investing in a large cap scheme when your stated risk profile is aggressive.

Adopt a goal-based investment strategy. Put a number to each goal and try to invest an adequate amount to achieve it. Try and save at least 20-30% of your income and increase it every year in line with your salary hikes. This will help you to maximise wealth.