I intend to invest in mutual funds through SIP. The funds and the corresponding monthly SIP amount (in Rs) are as follows:
SBI MAGNUM TAXGAIN: 2000
HDFC TOP 200: 2000
UTI DIVIDEND YIELD: 2000
BIRLA SUN LIFE DIVIDEND YIELD PLUS: 2000
ICICI PRUDENTIAL DISCOVERY: 2000
Please comment on choice of the funds. My aim is to remain invested for approx 20yrs. In all cases, growth option is implied. Do you suggest any changes in this portfolio to minimize risk and maximize return?
After reading the responses, I have some more questions to ask:
1. Why should one be interested more in midcap funds rather than large cap funds?
2. What is wrong with having more than one dividend yield fund?