SIP Suggestions - Q & A Forum

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Raman asked 8 years ago

Hi Sreekanth,

I have been investing in HDFC midcap (SIP - 2k) from Sep 2015 for 3 yrs. This is getting closed next month. Is it advisable to continue for another 3 years at present?
My total SIP is 23k per month- HDFC midcap (2000),HDFC hybrid equity fund (8000),SBI blue chip (8000) and Franklin India equity fund ( 5000). I want to invest another 5000 per month for 3 years. Should i choose from any of the above or should i go for a new scheme?

3 Answers

Sreekanth Staff answered 8 years ago

Hi, 1 - Do you mandatorily require this corpus after 3 years? Are you dependent heavily on this investment? 2 - You may consider investing in your existing funds itself, may be in Large cap or balanced (hybrid) fund(s). Related articles :

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Raman answered 8 years ago

Thanks for the reply

No, I can keep this corpus of HDFC midcap opportunities after SIP is complete in August 2018 for another 2-3 years. But should i extend the SIP on this also (fresh investment) ??
ok. Thanks, I will invest in SBI blue chip fund and HDFC hybrid equity fund

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Sreekanth Staff answered 8 years ago

Hi, 1 - You may then continue with your investments. In case, you require this corpus amount within 3 years, in the final (goal) year, you may switch to safer investment bets or to a debt fund.