Which one of the three existing SIPs should I close

Yes, your assessment about JM Multi Strategy Fund is right! The performance of this fund is nowhere compared to the leading multi-cap funds.

You can continue with HDFC Top 200 Fund as the performance of this fund has come back in the last one year . And also because of the excellent long term performance track record of the fund manager, Mr. Prashant Jain. Currently the fund is rated 3 Star by value Research.

However, with regards to UTI MNC Fund, please note that this is a thematic fund and ideally suited for investors with highest risk taking ability and a very long term investment horizon. If your risk taking ability is high to very high, then investing in UTI Midcap fund would be a much better choice. UTI Midcap Fund is one of the best performing funds in the mid & small fund category. This fund is rated 4 Star by Value Research.

Hope the above helps you.

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