I am 32 and want to invest Rs 20,000 per month in various mutual funds through SIPs for long-term investing. My plan is to invest Rs 4,000 across five funds; Fidelity equity, HDFC Top 200, BSL Frontline Equity, Sundaram Midcap and DSPBR Small and Midcap. Please comment and advise-Baiju MP
For a 32-year old you are entering investing in equity mutual funds a bit late in the day. However, you have made a good selection of funds. The funds have a large- and mid-cap balance, which over the long-term will help you get both the stability and the necessary fillip in your portfolio. Sticking to these funds for a 5-7 year time frame will add value to your investment growth. However, make sure that you review the performance of your funds at least once a year to exit non-performers.