–Bharanidharan
You have not shared your risk profile. So it won’t be possible to offer you a personal advice. We always tell our readers to choose mutual fund schemes based on their goals, investment, horizons, and risk profile. Since you are investing for a long term goal, you can invest in equity mutual funds. However, you should choose schemes that are in line with your risk profile. For example, if you have a conservative profile, you should invest in large cap funds. If you have a moderate risk profile, you should invest in flexi cap mutual funds. We do not recommend mid cap, small cap, sector or thematic schemes to new or inexperienced investors as these schemes are extremely risky and volatile.
You have chosen an IT fund, small cap fund, midcap fund, large cap, index fund, and retirement fund. We don’t recommend investing in sectoral schemes like IT funds. Sector schemes are extremely risky, volatile and cyclical. It is extremely important to get in and out of these schemes to make maximum returns. Ordinary investors would find it very difficult to execute. Small cap and mid cap schemes are very risky, and they are recommended to aggressive investors with a high risk appetite. Large cap schemes are recommended to conservative equity investors. You don’t need a retirement scheme to take care of your retirement. A regular equity scheme that matches your risk profile would do the job.
