Should I invest more in my existing mutual funds or Buy more ?

POSTED BY nikh1 ON July 12, 2014 7:12 pm COMMENTS (4)

Hi

I am 25 year old working in IT. Prior to this I keep my money in banks and FD only. I wanted to invest in mutual funds. I choose ‘HDFC Balanced’  as my first mutual fund to invest. I have started SIP of 1500 in it.  Now i want to invest more money into mutual funds. Which funds will you suggest for large cap, index, mid-cap fund categories.  Or should i increase the amount in first fund?.

Thanks.

4 replies on this article “Should I invest more in my existing mutual funds or Buy more ?”

  1. Jay says:
    July 24, 2014 at 3:01 pm

    I suggests,
    Large cap – ICICI Pru focussed bluechip or Quantum Long term Equity fund
    Mid cap – IDFC Premier Equity
    Diverse fund – ICICI dynamic

    Reply
  2. Mehul Sharma says:
    July 20, 2014 at 8:45 pm

    You can choose ICICI prudential focused bluechip or farnkline India bluechip.

    Reply
  3. nikh1 says:
    July 18, 2014 at 12:05 am

    Thanks for the reply. For long term which funds will you suggest.

    Reply
  4. Sumit says:
    July 15, 2014 at 6:41 pm

    Your choice of fund will depend on your goal, time of holding, and risk you can take.

    For more than 10 year goal, choose 1 large/or large-mid, and 1 small-mid cap fund.

    Reply

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