Mutual fund investment: Never take undue risk to achieve your target
Surya Bhatia, managing partner of Asset Managers, answers query on mutual fund investment.
I am 38 years old and my monthly salary is ₹ 58,000. I’ve the following SIPs: ABSL Frontline Equity Fund Regular Growth ( ₹ 1,000), ICICI Value Discovery Fund Regular Growth ( ₹ 1,000), ICICI Bharat 22 Fund ( ₹ 25,000 lump sum); SBI Small Cap fund (Direct) G ( ₹ 2,000). How is my choice of funds? I plan to start a new SIP of ₹ 1,000 either in Mirae Asset Emerging Bluechip fund(Direct) G or Canara Robeco Emerging Equities (Direct) G. Which should I choose? I also want to start an SIP of ₹ 1,000 in a midcap fund. Is L&T Midcap fund good? Is my allocation good? I want to create a corpus of ₹ 1 crore by 2034.