Hi,
I have been investing Rs. 12,000/- per Month in the below given Portfolio since January 2010.
- HDFC Top 200 : 3,000/-
- Birla Sunlife Frontline Equity : 3,000/-
- DSP BlackRock Top 100 Equity Regular : 3,000/-
- Reliance Growth : 2,000/-
- Birla Sunlife Mid Cap Fund Plan A : 1,000/-
I plan to discontinue my SIP’s in Reliance Growth and Birla Sunlife Mid Cap Fund, as they haven’t been performing well in comparison to other Mid Cap funds in the same category. I intend to transfer all the amount invested in BSL Mid Cap Fund to BSL Frontline Equity via STP. However, I will not withdraw the amount invested in Reliance Growth. Is my decision to rebalance the portfolio correct or not? Below please find the planned rebalanced portfolio:
- HDFC Top 200 : 3,000/-
- Birla Sunlife Frontline Equity : 3,000/-
- DSP BlackRock Top 100 Equity Regular : 3,000/-
- ICICI Prudential Discovery : 1,500/-
- IDFC Premier Equity : 1,500/-
I want to increase the monthly investment from 12,000/- per Month to 15,000/- per Month. Please suggest, if I should distribute Rs 3,000/- in the above mentioned rebalanced portfolio or should I add anothe fund? If yes, then please suggest the fund name and the reason behind the same.
Also, please share the importance of having a Multi Cap fund in a portfolio. How different are the Multi Cap Funds like UTI Dividend Yield/ Quantum Long Term Equity from the Large/ Large & Mid Cap funds like HDFC Top 200/ DSP Black Rock Top 100 etc?
Thanking you for your suggestions in advance.
Kind Regards,
J