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Hey, I am 31 year old working with a PSU. Currently I have a surplus of ~50K per month which I am investing in various MFs via SIP. My current SIP allocation is as follows:
TATA Consumer India Fund 9000
Mirae Asset Emerging Bluechip Fund 8000
Motilal Oswal Multicap 35 Fund 7000
HDFC Mid-Cap Oppurtunities Fund 6000
Axis Focused 25 5000
Franklin India Feeder US Fund 4000
Axis Bluechip Fund 3500
Franklin India Smaller Companies Fund 3000
Invesco India Contra Fund 3000
I do not this money on short term and I am ready to hold these funds for long term (> 10 years).
Can any one please review this SIP allocation and advise How can I optimize/ reallocate SIP to achieve better returns?