Friends,
I want some advice on how to reuse the funds from underperforming Mutual fund schemes.
I have Rs.30K each in following mutual funds. I had stopped the SIP for these funds sometime back and would like to divert the funds.
Reliance Diversified Power Sector Fund
HDFC Core & Satellite Fund
SBI Magnum Contra Fund
Due to my pre-occupation with work, I could not do anything about these funds.
Now I want to move them and reinvest.
I have two options in front of me.
1) Switch the funds to another fund. I have identified following funds to split and invest in one go. I could put all the 90K in 1 fund or couple of funds in one go now.
Reliance Equity Opportunities Fund
Birla Sunlife MNC Fund
HDFC Top200 Fund
UTI Opportunities fund
ICICI Pru Focussed Blue Chip Fund
HDFC Midcap Opportunities
2) Second option before me is to create SIP in any of the above funds and invest Rs.90K over period of time. May be 1K or 2K or 3K per month in 1 or more funds to get benefit of sensex fluctuation.
Which would be the best option?
In either case, request you to advice me on the right funds to invest.
Thanks,
Deepesh