An investor aged 38, with 8 months of experience in mutual funds, is seeking advice on their current SIP portfolio. They are investing a total of £50,000 per month across five funds, including Mirae Asset Large Cap, Axis Small Cap, Axis Bluechip, Parag Parikh Flexi Cap, and UTI Nifty Index. The investor's goal is to achieve a 15-20% return over a 10-year investment horizon and wants to know if their chosen funds are suitable for this objective.
I am 38 years old and have started investing in Mutual funds 8 months back and my monthly SIP done are as follows :
Mirrae Asset Large Cap Fund : 10,000/- Axis Small Cap Fund : 5,000/- Axis Bluechip Fund : 10,000 Parag Parikh Flexi Cap fund : 25,000/- UTI Nifty Index Fund : 10,000/-
I want to know are the above SIP's good enough for long term investment if my investment horizon is around 10 years and I want to get return on this investment of around 15-20%.