I am 42 and plan to retire by the age of 60. I started investing in mutual funds last year. My portfolio includes: BNP Paribas Mid Cap Fund, Franklin Templeton High Growth Companies Fund, ICICI Prudential Value Discovery Fund and DSP Blackrock Micro Cap Fund. I plan to invest till I turn 60. Is this combination of funds good?
—B.S. Venkatanarayana
If you have invested in these funds for the past year, I am pretty confident that you would have seen some handsome returns in your portfolio. All the funds in your portfolio have substantial exposure to the mid- and small-cap segments of the market, which have done well in the past year.