To come straight to the point, it is not advisable to invest in as sectoral fund for such a long period. Three reasons:
- A multicap fund can give you better returns as the fund manager has the flexibility to take advantage of opportunities across the market.
- As an investor you are also burdened with the decision on not just whether to continue with the fund, but also whether to continue with the sector itself.
- One more reason to avoid the sectoral fund is that they tend to have a higher expense ratio.
Lastly invest in direct plan mutual funds with a reliable advisor. Do not fall for free platforms as the hidden costs are much higher.