I am 26 years old and I have just started investing in mutual funds this month. I want to invest for a long term. I plan to make direct investments in three funds.
1. Hybrid - Equity Oriented: HDFC Balanced Fund
2. Midcap: Mirae Asset Emerging Bluechip Fund
3. Multicap: I am confused between Motilal Oswal MOSt Focused Multicap 35 Fund, Aditya Birla Sun Life Equity Fund and Aditya Birla Sun Life Advantage Fund.
I am planning to make an investment of Rs 5,000 per month in each of the three funds. What would be your suggestion on these, especially, the multicap funds? I also have flexibility to invest Rs 5,000 more in another SIP. However, I need some guidance on which kind of funds to look at - largecap equity or hybrid or debt-oriented.
Just want to reiterate that I have a long term horizon for this and good risk-taking capacity as well.
Bina Pandit, a certified financial planner, responds:
The multicap funds you have chosen are good, you can choose any of that. Aditya Birla Sun Life has longer track record if you want to consider, even MOSt Focused 35 is a good choice. If your time horizon is long then, for another SIP, you may choose a largecap scheme as you already have a balanced fund in your portfolio.
This article is originally published on: economictimes.indiatimes.com