I am continue SIP last 6 years above Rs 1000 HDFC Top 200, Rs 1000 Reliance Banking Fund, Rs 1000 Sundaram Select Mid Cap, Rs 1000 UTI Mid Cap, Rs 1000 Mirae Asset India Opportunities, Rs 1000 ICICI Prudential Focused Blue Chip, Rs 1000 HDFC Tax Saver, Reliance Tax Saver Rs 2000, 9 month ago Rs 50000 Reliance Small Cap. I want to Rs 5000 more SIP. My time 15 years above?
Good to note that you are doing SIPs for the last 6 years and above. Congratulations !
However, we find that all your schemes are not among top performers and therefore, you may like to go through our following suggestions -
HDFC Top 200 Fund was once a marquee fund but the performance in the last few years is not comparable to some of the top performing funds like, SBI Bluechip Fund, Birla Sun Life Frontline Equity Fund and Kotak Select Focus Fund which are from the same category.
Similarly, UTI Midcap Fund failed to beat the category return in the last 1 and 3 years period. Some of the better funds in this category are Mirae Asset Emerging Bluechip Fund, Canara Robceo Emerging Equities and L&T India Value Fund.
Similarly in place of HDFC Tax Saver Fund which is lagging in its performance, you may consider investing in DSP BlackRock Tax Saver Fund or Birla Sun Life Tax Relief 96 Fund.
For your new SIP of Rs 5,000, you may consider investing in a diversified equity fund (Birla Sun Life Equity Fund or SBI Magnum Multi-Cap Fund) or a large cap fund (SBI Bluechip Fund or Birla Sun Life Frontline Equity Fund).
Hope you find the above suggestions helpful. Thanks for writing to Advisorkhoj.
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