Are the following mutual funds good and safe to invest for 3 Years?

[christopher70]

I have invested 2000 ₹ per month in each of these as SIP from last month as i am 22 Y/O and wanted to start early. Please tell me if these choice of mine are good and safe:

1. ICICI PRUDENTIAL VALUE DISCOVER FUND
2. KOTAK SMALL CAP FUND
3. NIPPON INDIA SMALL CAP FUND
4. PGIM INDIA MIDCAP OPPORTUNITIES
5. QUANT TAX PLAN

 

[talley]

@christopher70 None of these funds are for investing for 3 years. If you're looking to invest for 3 years, choose ultra short term/ short term debt funds.

 

[littleg6]

@talley Why not ELSS?

 

[talley]

@littleg6 ELSS funds are also equity funds. They only have a lock in period of 3 years. Doesn't mean they are suitable for investing for 3 years.

 

[sadier]

@christopher70 There is nothing called safety in any market linked product. You should review MF parameters from time to time and keep watching their portfolio.

 

[christopher70]

@sadier By safety, i only meant are there any chances of drastic losses in these. Whats your opinion!