- Axis Bluechip Fund- Direct Plan – Rs 5,000
- Canara Robecco Bluechip Fund – Rs 5,000
- UTI Flexi Cap Fund – Rs 5,000
- Parag Parikh Flexi Cap – Rs 5,000
- Axis Mid Cap Fund – Rs 2,500
- SBI Small Cap Fund – Rs 2,500
Am I investing in the right mutual funds for my retirement? Are there any changes required?
Rushabh Desai, an Amfi-registered mutual fund distributor, based out of Mumbai, responds:
It is very good that you have started to plan for your retirement early. This will give your investments ample time to compound and grow. The mutual funds you have selected are of good quality in their individual capacity. You are currently investing 40% in large cap, 40% in flexi cap and 10% each in mid and small cap categories which is ok for a moderate to aggressive risk taker within equity asset class. Also, your fund allocation is in the ideal range of 10% to 20%.
Based on your goal, time horizon and risk profile, your fund selection, category selection and the allocation of the fund and category level is good. Your portfolio does not require any changes and you may continue investing via SIP route to create a retirement corpus.