Am I investing in best mutual fund SIPs

I am investing in SIP for long term goal in ICICI Prudential Value Discovery Fund and HDFC Equity Fund same SIP amount of 1000 rupees every month. But I am planning to shift from HDFC Equity Fund to Mirae Asset Emerging Blue Chip can suggest me it is bad are good and also I am planning to invest lump sum amount of 5000 to 10000 for a period of 20+ years suggest me for good fund?

Sep 5, 2017 by Prathyush Reddy, Hyderabad | Mutual Fund

Sorry for reverting late.

It is good to know that you investing through SIPs.

However, the funds you have selected are not that great! I think you have rightly chosen Mirae Asset Emerging Bluechip Fund. The other fund you can add could be any one from Aditya Birla Sun Life Advantage Fund or SBI Magnum Multi-cap Fund or Kotak Select Focus Fund or ICICI Prudential Focused Bluechip equity Fund.

Please do not invest in too many funds. Upto Rs 5,000 investing in maximum two good funds through SIP is enough.

For your lump sum investments too, the above funds are good. Have a long term investment view (minimum 5 years) while investing in equity and balanced funds.

Hope the above helps!

Thanks for writing to Advisorkhoj.

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