December 18, 2013 2:17 pm
I have an SIP of Rs 1000 in HDFC Top 200. Now I am planning to start one more SIP of 1k in HDFC Equity. Please suggest me how wise this decision will be?
Dear Amrutha, please go ahead in the 2 funds. If you like to diversify from HDFc AMC, You may invest in Franklin India Bluechip in place of HDFC Top 200.
Dear Amrutha, why did you opt these funds?
As these funds are diversified.
Also my goal is long term corpus creation.
You are correct that it does not matter average performance for couple of years (considering overall market volatality), specially when you are investing for 20 years long term.
But problem with these 2 hdfc funds are that comparing with its peers they performed very poor and didn’t even beat the benchmark for couple of years. But they are top runner for very long time, and if you have confidence on the fund managers views then you can continue.
But I would definitely not invest ONLY in these 2 funds, if I were you. If you have 2/3 more other funds and these 2 are less than 40% of your total portfolio, then its still OK>
Thanks Sumit for the suggestion.
I am basically looking for long term (20 years) thats the reason why i have chosen this fund.
Also I haven’t made any homework on the above mentioned 4 funds.
Does it matter even if the fund is performing average in last few years when i am considering it for long term.
Why you have chosen HDFC Equity?
The performance of these 2 hdfc funds were pretty average for last few years, I would choose other better performing funds in these catagory like following:-
1) Quantum Long Tern Equity fund
2) Axis long term Eq
3) ICICI focused bluechip
4) Uti Oppertunities
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