First time mutual fund investment in SIP mode. Please suggest

Dear Manjunath, May I know your investment time-frame and objectives? If possible, share your LIC policy details (plan name, commencement date and policy tenure..)

Dear Manjunath, Considering your investment time-frame and objective, you may better off investing in one large  cap fund and one equity oriented balance fund. Advisable to avoid mid-cap oriented schemes. You may pick one large cap fund out the first three funds you have mentioned and can add HDFC balanced fund instead of mid-cap one. Related articles : https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/mutual-fund-direct-plans-vs-regular-plans/   You have been investing in very low yielding life insurance policies. However, most of them (money-back, endowment & whole-life) are very old ones. So, you may continue with them or make them PAID-UP. You may discontinue or surrender jeevan anand policy. Suggest you to buy a Term insurance plan with adequate cover and then can implement the above suggestions. Kindly read : https://www.relakhs.com/traditional-life-insurance-plan/ https://www.relakhs.com/insurance-importance-life-health-accident-covers/ https://www.relakhs.com/best-online-term-insurance-plans-india/ https://www.relakhs.com/how-to-get-rid-off-bad-life-insurance/  

Sreekanth, Thank you for your advice. I have this question entire 15k in large cap? So which funds? Can I divide this 10k in 2 or 4 large caps. Remaining 5k in two balanced funds. Thanks Manjunath

Dear Manjunath, If we select say 4 large cap funds, the portfolios of these funds may have high % of overlap, so it may not be really beneficial...  Kindly check the overlap and can decide... Related article : https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/