I am first time planning to invest in mutual funds. My goal is long term investment. I am 32, married & from India.
I would like to invest Rs 10K per month in SIP mode. On reading couple of articles & some research over internet, I got to know about diversified investment where one should invest 70% in equity related & rest 30% in debt related funds. Moreover, In equity related fund, 65% should be large cap funds while rest 35% should having mid and small cap funds.
I have narrowed down some schemes for Rs 10K investment given below
3K in Franklin India Bluechip (Solely Large cap fund)
1.5K in Canara Robeco Balance(65% equity : majorly in large cap; 35% in debt, tax benefits also)
1.5K HDFC Mid Cap funds (70% contribution to mid caps)
2K in Axis long Term Mutual Fund (Multicap fund, tax benefits as well)
rest 2K in some debt related mutual fund
I am not an expert in this area, thus seeking inputs from investment guru's preferably with Indian perspective to look on my shot listings & give me valuable suggestions.