I am Prashanth, 33 year old. I would like to invest in direct SIP. I have already started investing in SIP through some agent. But now he is not responding. I want to buy one or two more funds. Please suggest me which one I can go for. Below are the SIP I have invested from feb 2017. Monthly 3000.
SBI Magnum Midcap Reg Fund -G Monthly (SIP)
L&T india Value Fund - Growth Monthly (SIP)
HDFC Mid- Cap Opertunities Fund - Gr Monthly (SIP)
Franklin India Prima Fund - Growth Monthly (SIP).
And I am looking for long term and I will start with 3000/ month. As my agent is not responding and I am not so familiar with investment, I am asking your help. Please suggest me.
If you need more info. Please let me know.
7 Answers
Hi,
All the four of your MF schemes fall under Mid-cap oriented fund category.
Advisable to invest across different fund categories.
May I know your investment objective(s) and time-frame?
Suggested readings ;
https://www.relakhs.com/mutual-fund-categories-market-capitalization-large-cap-vs-mid-cap-vs-small-cap-funds/
https://www.relakhs.com/direct-mutual-fund-plans-buy-online/
https://www.relakhs.com/mfutility-invest-direct-plans-mutual-fund-schemes-online/
https://www.relakhs.com/mutual-fund-direct-plans-vs-regular-plans/
Objective is good/high returns and preserve the capitals . I can wait for long time and time frame is 5 to 10 Years. Not for Tax savings.
Hi,
You may diversify your portfolio, can consider adding one diversified equity fund, retain one mid-cap out of the four (Franklin prima / HDFC Mid-cap) and one Equity oriented balanced fund.
Kindly read:
https://www.relakhs.com/best-mutual-fund-schemes-2017/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
You mean, close rest 3 and keep only one ?
Shall I keep all these and start new one as u suggested (Diversify) ?. Please suggest
Shall I go for ICICI Prudential Value Discovery Fund ?
Hi,
You may check the portfolio overlap and take decision. Too many funds from same fund category may not be really beneficial.
You may add ICICI fund.
Thanks Sreekanth,
As ou suggested, MFUtilit is not providing proper instruction to login. I have created CAN account. After that no repsonse from them. Do u know how to login to that Or u can suggest different app like MFutilit..
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