SIP EQUITY OR SIP MFs
a)One of my friends who is working in a broking firm is compelling to start SIP – EQUITY for Long term in Blue Chip Cos. But he is not suggesting any co names in specific. If the idea is okay, which co can I consider. I have only Rs 3000/- per month on this purpose and I know it is a small amt for blue chip.
b)I am having following SIP-MFs since July 2011. On checking with the stmt yesterday, I could say, an increase of around 12 – 13 % on invested amt except that of Icici discovery which shows 19% increase. In order to get maximum returns, can you tell me whether I should take any changes on the available funds. Given in brackes against each MF is the increase on investment as on 11.12.12
a)DSP BlackRock Top 100 Equity Gr (increase 13.26%)
b)ICICI Focused Bluechip Equity Retail Gr (13.86%)
c)ICICI Discovery Growth (19.45%)
d)HDFC TOP 200 GROWTH (14.45%)
f)HDFC EQUITY FUND GROWTH (12.96%)
g)HDFC PRUDENCE FUND GROWTH (12%)
a)Whether starting SIP Equity @ Rs 3000/- for long term or increase the MF amt will give more benefit? I will wait for your valuable views/suggestions