I am investing in 1) ICICI Prudential Focused Bluechip Fund Rs 5000/month SIP, 2) ICICI Prudential US Bluechip Equity Fund 5000/month SIP, 3) AXIS Equity Fund 2000/month. Now I want to invest more 10000/month. Please suggest about my selection of funds & funds for fresh investment?
You are investing Rs 12,000 through monthly SIPs in 3 equity funds out of which two are large cap funds and one is an international fund.
Even though ICICI Prudential Focused Bluechip fund is one of top performing large cap funds, you other choice of a large fund could have been better. AXIS Equity Fund failed to beat even category returns in the last 1 year and 3 year period and therefore, is a cause of concern in your portfolio. In place of this fund you can either add a new fund from large cap category or increase your contribution in ICICI Prudential Focused Bluechip fund. If you want to add a new fund, then you may consider any one from SBI Bluechip Fund, Kotak Select Focus Fund or Birla Sun Life Frontline Equity Fund.
Why you have invested in an international fund is not known to us. Having said that, you have many choices from various domestic mutual fund categories and therefore you may like to revisit your decision of investing in ICICI Prudential US Bluechip Equity Fund. However, if you have fair idea about international funds, wants to diversify beyond Indian funds and also ready to take risk of investing in thematic/ international funds then you can hold onto the investment in this fund.
However, investing in diversified equity funds are the best choice if you look to create long term wealth. For your new monthly SIP investment of Rs 10,000, you may consider couple of funds from these choices – Birla Sun Life Advantage Fund, SBI Magnum Multi-Cap Fund, DSP BlackRock Opportunities Fund or Mirae Asset India Opportunities Fund. To see a complete list of consistent top performing diversified equity funds, you can have a look here https://www.advisorkhoj.com/mutual-funds...
Hope the above helps! Thanks for writing to Advisorkhoj.
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