Should I change my mutual funds?

Must read

I am investing for a long term of 10-15 years. I am 34 years old and I will invest 100% in equity for the next 6-7 years. Post which I will look to shift to debt funds.

Goal – Retirement and education of child
Risk – High (Pure Equity)
Please let me know if the funds are good or should I change?

Axis Bluechip Fund Growth – Large cap
Axis Midcap Fund Growth – Mid cap
Axis Smallcap Fund – Small cap
Mirae Asset Emerging Bluechip Fund – Large and Mid cap
Mirae Asset Focused Fund- Focused
Parag Parikh Flexi Cap Fund – Flexi cap

-Jatin Tikoo

To begin with, we ask investors to invest in equity only if they have at least five to seven years. This is the minimum time you have to give your equity investments.

Two, you don’t seem to know the basic idea about equity investments. Equity schemes are risky investments but every equity mutual fund category doesn’t have the same risk. It is extremely important to choose the schemes that matches your risk profile. For example, conservative equity investors should invest in large cap schemes. Similarly moderate investors should invest in flexi cap funds.

You also seem to be not a very clear about asset reblalacing. If you shift your investments to safer avenues like debt funds by the time you are 40, you need to invest much more to meet your goals.

You need to hire a good financial planner or mutual fund advisor. Do not invest your hard earned money on half-baked ideas. You will lose a valuable opportunity to create wealth.

More articles

- Advertisement -


- Advertisement -

Latest article