In which category of funds should I start my new SIPs

I am 31 years old. I am married and have one 9 month old daughter. I am single earner for the family. I want to create a good retirement corpus. My risk appetite is high. I have started SIP of 15,000 this year Jan 2017 and have selected the below funds. Large cap: 1) Birla Sun Life Frontline Equity G 2000, 2) ICICI Prudential Focused Bluechip equity Fund G 1000, 3) Kotak select focus fund G 2000, Mid Cap: 1) Franklin India Smaller Companies Fund G 2000, 2) Mirae Asset Emerging Bluechip Fund G 3000, 3) DSP BlackRock Micro Cap Fund G 3000, Diversified 1) Principal Emerging Bluechip G 2000, 1) Need your advice to check if these are good funds. Do I need to reduce a few funds and/or add more funds. 2) I have 3 large cap funds, 3 small/mid cap funds and 1 diversified fund. Should I add a few diversified funds? I am planning to add 2000 SIP more so looking for good funds to invest this amount? 3) Also I have a lumsum amount of 2 Lakhs that I want to invest. Should I invest it in these funds only & what proportion. 4) I have read a lot of your answers to queries and usually for diversify funds you have not recommended "L&T India Value Fund (G)". Any reason why this is not a recommendation Out of these diversified funds which one do you recommend as per my protfolio. L&T India Value Fund (G), Franklin High Growth Companies Fund (G), ICICI Prudential Value Discovery Fund (G), Birla Sun Life Equity Fund (G), Birla SL Advantage Fund (G), 5) As market is high is this a good time for lumpsum amount investment? If not then how much should the sensex be down eg 200 points/500 points that day when I should invest lumpsum Thanks in advance for your answer. Appreciate your hard work on answering so many questions in the queries section?

May 3, 2017 by Shoaib, Pune | Mutual Fund

Even though you have mentioned about creating a retirement corpus, you have not mentioned the target amount and number of years after which you need to have this corpus.

Your fund selection for SIPs is good and you can continue with them without making any changes. With regards to your new SIP, you may start in any one or two of the existing funds.

With regards to your lump sum investment, you can invest in any of the diversified funds which you have named in your query - Franklin India High growth Companies Fund, Birla Sun Life Advantage Fund and Birla Sun Life Equity Funds are good choices.

L& T India Value Fund is a mid cap fund and not a diversified fund as mentioned by you.

If your investment horizon is long term ( beyond 5+ years) and you are a high risk taker, then you can invest without looking at the market levels. No one can predict markets whether it will go down or up by 200/500 points. Therefore, you should focus on your risk appetite and investment horizon and once you have substantial growth in your portfolio, you should rebalance your asset allocation, If these three things are clear to you, then chances are that you will always do well with your investments.

Thanks very much for your kind words which we truly appreciate.

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