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    Best mutual fund schemes to create an equity portfolio

    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 have a moderate to aggressive risk appetite. I want to invest Rs 50,000 in mutual funds via SIP. I am 40 years old and have a long term investment horizon (three to five years). Please suggest which mutual funds should I invest. I also want to create an equity portfolio of Rs 10 lakh. Please advise.
    --Richa Singh

    Shifali Satsangee, Founder, Funds Veeda, responds:


    We would like to reiterate, that wealth creation happens best when we have a longer investment horizon. We always advice a minimum ten year period for SIPs in equity for the most effective returns and alpha creation. So, if you want to create wealth and make high returns, you need to stick to your equity investments for at least 7-10 years. Assuming a 10 year period, would recommend the following funds for monthly SIPs:

    Kotak Standard Multicap Fund: Rs 10,000
    SBI Small Cap Fund: Rs 10,000
    Things You should consider
    • Annualized Return
      for 3 year: -1.64%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 3.2 Years
    Things You should consider
    • Annualized Return
      for 3 year: 2.33%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 3.8 Years
    Mirae Asset Emerging Bluechip Fund: Rs 20,000
    HDFC Mid-Cap Opportunities Fund: Rs 10,000
    (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