Mutual Fund Portfolio..Am i on right track or following wrong path?
Hi,
I am 25 years old and below is my mutual fund portfolio
1) UTI Dividend yield -1000
2) Reliance Growth-1000
3)ICICI Prudential discovery-1000
4)HDFC Top 200-1000
5) HDFC Tax Saver-2000
6) BSL Front Line equity-1000
7)DSP Blackrock Equity-1000
I am investing for last one year in these mutual funds and i wish to carry on with these for a long time atleast 5-7 years.
Every year I also plan to increase SIP in atleast 1/2 funds[Like i recently increased SIP in HDFC tax saver from 1K to 2K]. thats why i have kept 7 funds in my portfolio and decided never more than 7 in total.Apart from this, i invest about 30K per month in direct equity based on whatever i understand about the market[no tips no advice only what i think is right].
Recently my friends are saying i should not invest so much in equity and should rather invest in debt products.I know that equities are must for long term but is my portfolio alright?My friends have created some doubts in my mind.
Can somebody please help me?
Regards,
Anindya