I am already invested in 3 MF's (HDFC Top 200, Axis Triple Advantage and Franklin BlueChip Fund) and one ULIP (ICICI Pru Smart Kid Premier) since Oct 2011 for 8500 monthly. I am planning to quit all these funds and want to invest in new funds which can be fruitful in coming times. Can you please advice what should be my approach? I have around 6 lakhs accumulated from these Funds, apart from that I want to increase my total investment to around 20K per month (from 8.5k now)?
We do not know why you want to stop SIPs in AXIS Triple Advantage Fund, HDFC Top 200 Fund and Franklin India Bluechip Fund?
If you want to start SIPs all over again, then selecting funds from diversified equity funds category would be better. Please have a look at the top performing SIP funds from this category and choose funds for you –
Top performing SIPs – Diversified Equity Funds
With regards to investing Rs. 6.00 Lakhs, you can put them into the diversified equity funds that you would choose for your SIPs.
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