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Best multi cap mutual funds to invest Rs 4,000 per month

Best schemes
I am 32 years old. I have SIPs in four mutual fund schemes. I am planning to invest in them for at least 10 to 15 years.
Aditya Birla Sun Life Tax Relief 96: Rs 2,500 per month (started in April 2018)
HDFC Hybrid Equity Fund: Rs 5,000 per month (started in April 2018)
L&T Midcap Fund: Rs 5,000 per month (started in Feb 2019)
SBI Small Cap Fund: Rs 5,000 per month (started in April 2019)

My goal is to create a corpus of Rs 2 crore. The money can also be used for my child's education and his marriage after 20 years. I have a moderate risk profile. I am also investing Rs 6,000 per month with LC 75 option in NPS.

My monthly in-hand salary is Rs 90,000 and Rs 1.5 lakh tax limit is met with insurance, ELSS, and PF.

Is my profile balanced? Also, I am planning to invest Rs 4,000 per month in a multi cap scheme. Please suggest some good multi cap schemes.
--Manish Chauhan

Vivekh Pathak, Founder, Finance and You, responds:

You should take the help of a certified financial planner or a registered investment advisor. Sit with him/her and discuss your goals and requirements. It will help you to know how much you need to invest in the next 15 to 20 years to achieve your goals.

You can stop your SIP in Aditya Birla Sun Life Tax Relief 96 and invest the amount in Axis Long Term Equity Fund. You can also stop your investments in HDFC Hybrid Equity Fund and invest in a multi cap fund, as you have an investment horizon of 15 to 20 years.

L&T Midcap Fund is a good fund. However, it is more volatile than others in its peer group. Since you have a moderate risk profile, you can stop investing in it and divide your investments between Axis Midcap Fund and Tata Midcap Growth Fund.

You can continue to invest in SBI Small Cap Fund. You can also continue your investment in NPS if you want to save taxes.

For multi cap schemes, you may consider to invest in Kotak Standard Multicap Fund or SBI Magnum Multicap Fund via SIP.
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