Will these equity funds help me achieve my long term financial goals?

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I am a 32-year-old and I started investing in mutual funds from Feb 2021. My target is to build wealth for long term of 15 to 20 years for my future expenses, like child education and marriage and my retirement.
I started SIP of Rs 13,500 which is as follows:
Canara Robeco Bluechip Equity Fund – Rs 5,000
PGIM India Midcap Opportunities Fund – Rs 3,000
Quant Small Cap Fund – Rs 2,000
Nippon India Large Cap Fund – Rs 1,000
PGIM India Global Equity Opportunities Fund – Rs 1,500
Elss – Rs 500
ICICI Prudential Technology Fund – Rs 500
I want your suggestions as I am new to investing.
–Daksh Amit

Joydeep Sen, Corporate trainer and author, based out of Mumbai responds:


You are doing it right. In case of ELSS, you have not mentioned the name of the fund. I presume it is an ELSS fund of a good AMC. To be noted, your allocation is 100% to equity, which is ok because you are young and have a long investment horizon. However, sometimes it can be volatile and you have to sit through those phases.



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