What should I do with the funds lying in Mutual Funds not doing well

Currently I have been investing in HDFC Top 200, HDFC Equity and Axis Midcap though SIP of Rs1000, Rs 2000 & Rs 2000 respectively. I want to stop these three MFs and want to invest in different MFs with the same amount of SIP. My query is what should I do with existing fund value of these funds. Total fund value of these funds would be close to Rs 2 lacs approx. Which funds would you suggest to invest in?

Dec 10, 2016 by Sankalp Sharma, Bhopal  |   Mutual Fund

We do not know why you want to stop SIPs in the existing funds and start SIPs in new funds. We are sure, you must have decided about this move based on well thought out strategy.

Since you have decided to start SIPs in new funds, you should redeem the funds lying in current schemes and invest the corpus in the new funds that you have chosen to start new SIPs.

Sorry for replying late and thanks for writing to Advisorkhoj : )

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