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    Mutual funds to invest Rs 30,000 via monthly SIP for three years

    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.

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    I want to invest Rs 30,000 through monthly SIP for three years. Kindly suggest the right mutual fund for me. My risk profile is moderate. My goal is wealth creation.
    I have been investing in the following schemes via SIP for the last two yeas. Please review my portfolio, I want to continue with the investment for 15-20 years.
    SBI Small Cap Fund: Rs 500
    Axis Bluechip Fund: Rs 500
    UTI Nifty Next 50 Index: Rs 500
    Parag Parikh Long Term Equity Fund: Rs 1,000
    Motilal Oswal Nasdaq 100 FoF: Rs 1,000
    DSP Healthcare Fund: Rs 500
    Nippon India Liquid Fund: Rs 500
    - Ahmed Salimuie

    Neeraj Chaujan, CEO, The Financial Mall, responds:

    You have stated that your risk profile is moderate, but 90% of your investments are in equity, including sectoral and international fund.
    As for investing Rs 30,000 via monthly SIP for the next three years, you can consider investing in Kotak Balanced Advantage, ICICI All Seasons Bond Fund and HDFC Corporate Bond Fund.
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
    The Economic Times

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