I am 33-years-old and I have an investment horizon of 20 years. I have the following SIPs:
SBI Equity Hybrid Fund – Direct Growth Plan- Rs 1,000
SBI Small Cap Fund – Rs 500
Kotak Standard Multicap Fund (Renamed to Kotak Flexicap Fund) – Direct Growth Plan- Rs 1,000
Mirae Asset Lage Cap Fund – Direct Growth Plan- Rs 1,000
Mirae Asset Emerging Bluechip Fund – Rs 1,000
Axis Bluechip Fund – Direct Growth Plan – Rs 1,000
Axis Mid Cap Fund – Direct Growth Plan – Rs 500
Axis Small Cap Fund – Rs 500
ICICI Bluechip Fund – Direct Growth Plan- Rs 500
Motilal Oswal Multicap 35 Fund (renamed to Motilal Oswal Flexi Cap Fund) – Direct Growth – Rs 500
Nippon Small Cap Fund – Rs 500
I plan to start an SIP in Mirae Asset Midcap Fund. Please tell me whether I am doing it the right way. Please suggest anything else beneficial for me.
I have a moderate risk appetite.
It seems, you are new to mutual funds. You are investing in too many schemes. When you are investing a small amount it is not possible to aim for a lot of diversification. Also, you are investing in midcap and small cap schemes that carry a lot of risk. They are suitable for aggressive investors, not moderate ones.
A moderate investor with a long-term investment horizon is typically asked to invest mostly in flexi cap funds. These schemes have the freedom to invest across market capitalisation and sectors. They are considered ideal for regular investors with moderate risk profile because the fund manager will have meaningful exposure to every happening sectors and market capitalisation.
You should seek the help of a mutual fund advisor. Don’t be adventurous and expose your investments to unwanted risk. Gain enough experience and confidence before investing on your own.