I am 29 years old and I have recently started investing in these mutual funds
My objective is to create wealth over the long term. I have an investment horizon of 7-10 years, Please let me know if I have chosen the right mutual funds for my SIPs. I have a slightly moderate risk appetite.
Ankita: It is great to know that you are investing Rs 10,000 a month. This can build a sizeable corpus for you, if invested well.
Overall, your fund selection is good. There is no major reason to change it. However, I want to make this very important point.
You have given the full names of the plans. This makes it clear that you are investing in regular plans, which are routed via a distributor. You are indirectly funding many thousand of rupees to your distributor every year. You should get the plan and portfolio advice from the distributor and/or the associated financial advisor.
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