Best mutual funds to build retirement corpus
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--Jay Harsh Kadam
Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:
I can recommend some mutual fund schemes for your profile. However, you need to keep a few points in mind before investing. Be disciplined and do not stop your SIPs. You should also monitor your investments at regular intervals. As you have a long-term investment horizon, do not panic in a volatile market situation. Hold your investments for the long term to achieve the maximum benefits from your equity investments. Also, you should increase your SIP amount every year by at least 10%.
You may split your investment of Rs 30,000 per month in the following mutual funds:
Kotak Standard Multicap Fund: Rs 10,000
ICICI Prudential Bluechip Fund: Rs 10,000
DSP Midcap Fund: Rs 5,000
Axis Focused 25 Fund: Rs 5,000