Should I continue my 3 Mutual Funds SIP ? – Advice needed

POSTED BY Vish_Jais ON April 4, 2014 8:27 am COMMENTS (3)

I have been investing in the following 3 funds for the past 21 months now. I do a SIP of Rs. 6000 in each of these funds.

1. FRANKLIN INDIA BLUECHIP FUND- GROWTH

2. IDFC PREMIER EQUITY FUND PLAN A- GROWTH

3. QUANTUM LONG TERM EQUITY FUND- GROWTH  

I am a long term investor and plan to keep investing through SIP for at least next 10-15 years. Please advice if I should continue investing in the current selection of funds or switch any of the funds?

Also, with my increased salary I can afford to start an another monthly SIP of Rs. 6000. What is the fund that I can possibly look to adding to my portfolio? Or is it advisable to increase the SIP amount to my existing funds?

Thanks for any help!

3 replies on this article “Should I continue my 3 Mutual Funds SIP ? – Advice needed”

  1. ashalanshu says:

    Dear Vish, that’s your personal take to divide additional 6K in all or few funds. 🙂

    Thanks

    Ashal

  2. Vish_Jais says:

    Thanks Ashal!

    How do you suggest to increase the SIP – Equally or favor any particular fund?

    Currently I have no loans, no kids and my parents are living off on their own. Therefore, I am more inclined towards putting more money in the IDFC and take risk than other funds.

    Does the below breakup sounds good?

    1. FRANKLIN INDIA BLUECHIP FUND- GROWTH – Rs. 6000 (No change)
    2. IDFC PREMIER EQUITY FUND PLAN A- GROWTH – Rs. 10000 (Increase of 4000)
    3. QUANTUM LONG TERM EQUITY FUND- GROWTH – Rs. 8000 (Increase of 2000)

  3. ashalanshu says:

    Dear Vish, the 3 funds you are investing in are good funds. Please increase the SIP amount in the same funds.

    Thanks

    Ashal

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