Want to invest in mutual funds but don’t know how to go about it?

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Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

Q: 31-year-old Dhamodharan Chellaiah writes to us from Singapore. I have been investing in mutual funds through both SIP and lump sum from 2015. My objective is wealth creation and retirement, and my time horizon is 15 years. I am currently investing Rs 50,000 through SIP in these schemes: Rs 2,000 in Reliance Small Cap Fund, Rs 2,000 in SBI Small Cap Fund, Rs 6,000 in L&T Mid Cap Fund, Rs 6,000 in Tata P/E Fund, Rs 10,000 in Canara Robeco Emerging Equities, Rs 12,000 in Axis Focused 25 and Rs 12,000 in Principal Multi cap. Please let me know if the schemes I am investing are alright and suggest changes if any.

A: You can continue to invest in Reliance Small-cap Fund, SBI Small-cap Fund, L&T Mid-cap Fund, Canara Robeco Emerging Equities Fund and Axis Focused 25. We would suggest you to redeem from Tata P/E Fund and Principal Multi-cap Fund and invest in Mirae Asset India Equity and Reliance Large-cap Fund.

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