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I have started my MF investments from last month itself.My investments are a total of 25k in following funds,all sip route:
1)Mirae Asset India Equity fund--5k
2)Axis Focus 25 growth fund--4k
3)Parag Parikh Long Term Equity fund---3k
4)UTI Equity Fund Growth---3k
5)Canara Robeco Emerging Equities---3k
6)Invesco India Contra Fund---3k
7)L&T Midcap ---1k
8)SBI Small Cap fund---1k
Reliance Small Cap Fund--2k.
9)Idle money in Reliance liquid fund.
10)2lakhs lump sum in ICICI credit risk debt fund
I want to know, Firstly how is my fund selection, Secondly expert opinion on my funds to b continued n funds need to b shunn and to reasons thereof.My age 44,risk profile moderately high,goals are daughter education 20 lakhs in 8 years,and sons education 35 lakhs in 12 years.Also plan to have my retirement corpus of 5 cr.by 2045.