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Will these mutual funds help me to create good corpus?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Apr 17, 2019, 02.10 PM IST
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I am 25 years old, with a salary Rs 35,000 per month. I am investing Rs 5,000 per month in these four mutual funds through SIP:
ABSL Tax Relief 96
Axis Long Term Equity Fund
Mirae Asset Emerging Bluechip Fund
HDFC Small Cap Fund
I want to create good corpus after 15 years. Comments about my portfolio. Also, should I change my portfolio?
--Krishna Wagh

You are currently investing in two tax saving mutual funds, a large & mid cap fund, and small cap fund. You have not shared your risk profile with us. Therefore, we would not be comment about the suitability of large & mid cap scheme and small cap scheme to you. These two schemes are risky and they can also be volatile. That is why they are recommended only to investors with a very high risk appetite and ability to tolerate volatility. If you are an aggressive investor with an appetite for risk and volatility, you may continue with these schemes. You may continue with your tax saving schemes if you want to save taxes under Section 80C of the Income Tax Act. You have chosen good schemes; they are all good performers in their respective categories.

(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.)
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