Before 1yr SBI manager of our SBI branch suggested me these funds
1. SBI Blue Chlp Fund Regular Plan Growth
2. SBI Magnum MidCap Fund Regular Plan Growth
3. SBI Magnum Equity Fund -Regular Plan Growth
4. SBI Magnum Balanced Fund -Regular Plan Growth
5. SBI Magnum Global Fund Regular Plan
I continue my SIP of 10k (2000 of each fund) as i had no knowledge of mutual funds.
But now i got some knowledge and j want to increase SIP to 15k
So kindly suggest me
A) how should i divide SIP of 15k in top MF
B) should i change in above portfolio as its suggested by SBI manager so it's obvious they advice sbi mutual funds only ?
C) why its advisable to invest in less funds as there are many mutual funds?
3 Answers
Best Answer
Hi,
I believe that with 3 to 5 funds you can have a decent MF portfolio.
Hi,
May I know your investment time-frame?
SBI Bluechip & SBI Balanced fund can be retained.
You may consider Franklin Smaller companies fund in place of SBI mid-cap (if small cap is your choice), else you can opt for HDFC mid-cap opportunities fund.
You can pick one diversified equity fund like ICICI Pru value discovery in place of SBI equity / SBI global.
Kindly read:
Best Equity funds.
How to pick right mutual fund scheme?
Right i am investing just to create wealth and want to continue SIP.
All my money i keep in bank so investing is better than getting 4% of saving acc right? ☺
So you saying i should replace equity, global and mid cap?
Can you tell what other funds i should add other than you suggested? As i want to SIP to 15000
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