I have been investing (SIP) in below mentioned mutual funds since last 3 years. HDFC Top 200(G) - Large Cap - 3K pm, HDFC Equity(G) - Diversified Cap - 2K pm, IDFC premium equity(G) - Small Cap - 2K pm. Now I want to change these mutual funds. Please suggest from below mentioned funds or any other better then below mentioned. In Large Cap - ICICI Pru Focused Bluechip Eqty(G), UTI Equity Fund(G), BNP Paribas Equity Fund(G), Birla Sun Life Top 100(G). In Diversified Cap - Franklin High Growth Cos(G),ICICI Pru Exp&Other Services - RP(G), UTI MNC Fund(G). In Small Cap - UTI Mid Cap(G), Franklin (I) Smaller Cos(G), Reliance Small Cap Fund(G), DSP-BR Micro Cap Fund - RP(G).
Among the large cap funds that you are evaluating, Birla Sunlife Top 100 and UTI Equity Fund have been rated as good performers by CRISIL. Over the years, ICICI Prudential Focused Bluechip Equity fund has slipped a little. You can also evaluate Franklin India Opportunities fund, SBI Bluechip Fund and Tata Equity Opportunities Fund.
Among diversified multicap funds, all the funds that you are evaluating are top rated funds. In addition to the ones that you have mentioned you can also evaluate L&T India Value fund.
Among small and midcap funds, all the funds that you are evaluating are top rated funds.
For equity funds you need to maintain a long term investment horizon. Equities are likely to do very well in the medium to long term, given the stage of our economic cycle and the Government’s commitment to the reforms agenda.
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