Have I invested in best performing mutual funds

ICICI Prudential Value Discovery Fund, Kotak Select Focus Fund, L&T India Prudence Fund and Birla Sun Life Frontline Equity Funds are among the top performing funds from their respective categories.

Our only suggest is that you should consider replacing HDFC Top 200 Fund as the fund lags in performance compared to its peers in the large cap category. In place of HDFC Top 200 Fund, you can consider investing in SBI Bluechip Fund or Birla Sun Life Top 100 Fund or Reliance Top 200 Fund.

You have not mentioned the full name of SBI Mutual Fund scheme in which you have invested, therefore, we cannot comment on that.

Also, keep a close watch on the performance of Axis Long Term Equity Fund as the same has not been performing as good as some of the top performers from the ELSS category. You cannot change or switch the scheme now as being an ELSS Fund it is locked-in for 3 years.

Yes, you can invest in lump sum provided your investment horizon is 5 years or more. Market conditions keep changing and you should not try timing it. You should rather focus on your investment goals and invest in funds suiting your risk profile.

We are not suggesting any fund names as we do not know your risk profile. Having said the same, you can invest in the funds selected by you if your investment horizon is 5+ years and risk profile moderately high.

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