SIP Suggestions

POSTED BY visasubu ON June 24, 2011 11:57 am COMMENTS (4)

Hi,
 
I wanted to invest 20k in SIP for long term (10 years). I am planning to invest in following funds . Please let me know whether the diversification is ok. Any changes to be done.
All are growth funds.
 
1) HDFC Top 200 – 4000
2) Fidely Equity   – 3000
3) DSP BR Opportunities  – 2000
4) BSL Equity  – 2000
5) HDFC Mid Cap opportunities – 3000
6) ICICI Prudential Discovery Fund – 3000
7) Reliance Regular Saving Equity fund – 1000   8) HDFC Prudence 3000 

 
Thanks
Visa

4 replies on this article “SIP Suggestions”

  1. Manish Chauhan says:
    June 25, 2011 at 11:00 am

    You should first see what kind of risk you want , If you want super risk super retuens funds , then better go with

    5) HDFC Mid Cap opportunities
    7) Reliance Regular Saving Equity fund

    and may be add . IDFC Premier Equity Plan A

    If you are just a normal risk taker , then folllow what Ramesh and Santosh are suggesting .

    Manish

    Reply
  2. Ramesh says:
    June 24, 2011 at 7:11 pm

    My actual suggestions will be to keep fund numbers 1/2, 6, 7.
    No need to add any other funds. You already have selected the good funds.

    Reply
  3. moneysights.com says:
    June 24, 2011 at 7:01 pm

    Hi Visa,

    i would agree with Ramesh. They are just too many funds…its over-diversification. My recommendation would be –
    1. IDFC Premier Equity Plan A OR IDFC Small & Mid-cap Equity
    2. HDFC Equity
    3. ICICI Prudential Focussed Bluechip
    4. Birla Sun Life Dividend Yield

    You can check out more details on moneysights.com about these funds.
    —
    Santosh Navlani | moneysights.com

    Reply
  4. Ramesh says:
    June 24, 2011 at 1:14 pm

    It is too much diversification.

    Keep a max of 2/3 funds.

    Reply

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