Can you suggest MF schemes for increasing my SIPs

Please suggest additional SIP of 25,000/month. At present I am holding following SIP - 1. Birla SL Advantage - G (10,000/month), 2. Birla SL Banking & Financial Services Reg - G (25,000 per month), 3. DSPBR Small and Mid Cap Reg - G (10,000 per month), 4. Franklin India Smaller Companies - G (5,000 per month), 5. HDFC Balanced - G (25,000 per month), 6. HDFC Mid-Cap Opportunities - G (10,000 per month), 7. Kotak Select Focus Reg - G (10,000 per month), 8. Reliance Small Cap - G (5,000 per month)?

Jul 15, 2017 by Rajendra, Ahmedabad | Mutual Fund

The overall scheme selection for your current SIP portfolio is good and the portfolio is quite aggressive. Out of the total Rs 100,000 that you are currently investing through monthly SIPs, 30% allocation is towards mid & small cap funds, 25% to a sector fund, 25% to balanced funds and 10% each to large cap and diversified equity funds.

We would suggest you to increase your exposure to large cap and diversified equity funds and thus suggest you the following -

Increase your SIP amount in Birla Sun Life Advantage Fund by Rs 5,000

Increase your SIP amount in Kotak Select Focus Fund by Rs 5,000

Start a new SIP of Rs 15,000 in SBI Bluechip Fund, a large cap Fund.

Post these suggested changes, the allocation of the portfolio towards various fund categories would be as follows -

Large cap funds - 24%

Diversified equity funds - 12%

Mid & small cap funds - 24%

Sectoral funds - 20%

Balanced funds - 20%

As you can see the increase in large cap funds makes the portfolio more diversified, balanced across categories and not tilting heavily towards any particular category.

Hope you find the above suggestions useful. Thanks for writing to Advisorkhoj.

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