Hi All,

Pls review my equity funds that i have been investing via SIP for long term wealth creation.

1. ICICI Prudential Focused Bluechip Equity Fund – Regular Plan – Growth – Rs. 4000
2. ICICI Prudential Dynamic – Regular Plan – Growth – Rs. 4000
3. Quantum Long Term Equity Fund – Growth Option  -Rs. 2500

Questions:

1. Do i continue in these  for long term or i need to change these funds in any way?

I have also invested few lacs in the below funds for long term requirements like child education and retirement.

1. ICICI Prudential Multiple Yield Fund Series 3 – Plan C – Regular Plan Cumulative
2. ICICI Prudential Value Fund – Series 3 – 1095 Days – Dividend

Question:

1. Pls let me know if i am going right track with these investments or else any advice that you can provide.
2. I also need to buy a car somewhere in Dec 2014 and i want to invest in some liquid fund that can help in my purchase.Do you have any advice on it…Is IDFC Arbitrage Fund a good option to park money for 6 months?

Thanks

Gaurav