Can you suggest different equity funds for SIPs

Your mutual investments are in two large cap funds and an ELSS fund. Since your investment goal is wealth creation, you should invest in equity funds. Small and midcap is the riskiest fund category. Within this category, Reliance Small Cap Fund, Franklin India Smaller Companies, Canara Robeco Emerging Equities, Principal Emerging Blue-chip, HDFC Midcap opportunities are some of the strong performers (we have not mentioned names of fund, who are close for subscription now). From a risk grade standpoint, diversified equity (multicap) funds come next. Within diversified equity funds, Birla Sun Life Advantage Fund, Kotak Select Focus Fund, Mirae Asset India Opportunities, ICICI Prudential Value Discovery and SBI Magnum Multicap are top performing funds. Large cap have a lower risk profile than diversified equity funds. Since you already have invested in 2 large cap funds, we will skip large cap funds.

You also asked for low risk fund names. As such, there are no low risk equity funds, but balanced funds which have upto 35% asset allocation in debt can considered to be in the moderate risk grade. L&T India Prudence Fund, HDFC balanced Fund, ICICI Prudential Balanced Fund, SBI Magnum Balanced Fund and ICICI Prudential Balanced Advantage Fund are among the top balanced funds.

Hope you find the above useful.

Thanks for writing to Advisorkhoj.