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I am 30 years old. I am investing Rs 20,000 per month through SIP with an aim to create Rs 2 crore for my kid’s higher studies, and Rs 1 crore for marriage. I have been investing in the following mutual fund schemes for the last one year:
Axis Bluechip Fund: Rs 4,000 per month
Mirae Asset Emerging Bluechip Fund: Rs 4,000 per month
Invesco India Growth Opportunities Fund: Rs 4,000 per month
Parag Parikh Long Term Equity Fund: Rs 8,000 per month
Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Request your views on the following SIPs in mutual funds:
Mirae Asset Emerging Bluechip Fund: Rs 10,000
Parag Parikh Long Term Equity Fund: Rs 10,000
Axis Growth Opportunities Fund: Rs 6,000
Canara Robeco Bluechip Fund: Rs 5,000
Mirae Asset Midcap Fund: Rs 5,000
Canara Robeco Smallcap Fund: Rs 5,000
Mirae Asset Hybrid Fund: Rs 10,000
Motilal Nasdaq 100 FoF: Rs 8,000
The total SIP is Rs 59,000. I am a moderate risk taker. I have an investment horizon of 7-10 years plus. Request your valuable views on whether I should rebalance the SIPs? I am quite confused?