It’s advisable to include a few debt funds even if you are investing for long term
If you want to increase the SIP amounts, use the same funds and don’t add new ones. However, it is important to review your portfolio once a year to ensure that you are continuing with the right funds
I have systematic investment plans (SIPs) in the following funds: ₹5,000 each in SBI Small Cap, Axis Blue Chip and Mirae Asset Large Cap; and ₹4,000 each in Aditya Birla GenNext, ICICI Prudential Long Term Bond, Axis Banking & PSU Debt and Motilal Oswal Focused 25. The equity funds are for long-term goals (15-20 years) such as child’s higher education and marriage, and retirement. The debt funds are for goals that are meant to be achieved in four to seven years. I recently readjusted my portfolio and stopped investment in Axis Long Term Equity and Franklin Build India. I am 33 years old and I have moderate-to-high risk appetite. If I want to increase my savings, should I do so in the existing funds or look at investing in new ones?