I’ve recently started investing in mutual funds? My SIP amount is 4k in each portfolio. I’m planning to continue for about 10 years with same or more sip amount . Is this a good investment decision?

Having SIPs is great decision as it builds discipline. However keep in mind following THREE things clearly. Otherwise you will be funding the broker’s SIP!

1. Are you invested in Direct Plans of the funds? If not, you are likely losing upto 50% of your money to commissions (1% to 1.5% yearly over 25 years compounds to that much loss!). And you are here for the long term!
2. Are you paying other service charges, per SIP charges, demat charges etc? Very important to minimise or cut these out. [Disclosure: I am with jama.co.in which has zero transaction charges and zero commissions]
3. Is your advisor a broker/distributor/bank or a SEBI Registered Investment Advisor? This is related to #1 above but important as fund selection can be easily influenced on those who collect backdoor commissions.

Happy Investing (make sure it is transparent) !