Parag Parikh flexi-cap direct fund would be a great choice for this purpose
Listen to this article
I am a student and am invested in HDFC mid-cap opportunities fund direct growth from last year under a ₹500 systematic investment plan monthly. I wish to stay with it for 10 to 12 years. I have no target. So, should I stay with it or change the type of investments? Currently, I have returns of about 40%. Should I make changes?
You are doing well to get started with your investment journey at such an early stage of your life. The fund of your choice is good with a solid track record of returns. The habit of doing an SIP in such a fund will serve you well. However, the amount you are investing — ₹500— is unlikely to have a meaningful impact on your financials.
You should continue investing in this fund, but when you get a chance, add another fund with additional investment—say, another ₹500—when you can. Parag Parikh flexi-cap direct fund would be a great choice for this purpose.