Sir,
I have four SIP’s namely HDFC Equity Growth, ICICI Pru Focused Bluechip Equity Reg-G, Reliance Equity Opportunities-G, Reliance Gold Savings-G with 1000/- SIP amount per month in each MF. I am investing in these MF’s from last 14 months
First 3 are giving 26%, 22%, 28% returns respectively. But 4th MF which is Reliance Gold saving fund-G has given 2.28% return till date. Also, I want to invest more in mutual funds. I want your advise on below:
1) Shall I redeem my weak fund which is reliance gold saving or there would be chances of growth in this fund?
2) Please do recommend the good mutual funds to invest. Shall I increase the SIP amount, as currently I am investing 1000 Rs per month in each fund? (I am ready to invest 6000-8000 per month in MF.)
Regards,
Ram