We are planning to start our mutual investmentsfrom this month
SIP: We plan to do the SIP for 5 years with a monthly investment of 30k split between the following 6 funds
1) Equity: Large: Franklin India Bluechip-G
2) Equity: Large & Mid Cap: HDFC Top 200-G
3) Equity: Multi Cap: HDFC Equity-G
4) Hybrid: Equity-oriented: HDFC Prudence-G
5) Equity: Mid & Small Cap: BSL Dividend Yield Plus-G
6) Equity: Mid & Small Cap: IDFC Premier Equity Plan A-G
Also, we plan to do lump-sum investment into the following two funds:
1) SBI Gold ETS
2) Magnum FMCG
Please let us know what you think of the selection of funds. Should we consolidate any of the funds / decrease the number of funds?
You need to explain the reasons for selecting these funds and the categories, including the lumpsum investments. Only then, a proper advice canbe given.