Regarding current investments in MF and additional investments

vats28 1
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Dear Sir,

Hello!

I am investing Rs. 1000/- in 4 mutual funds since June 2008 every month through SIP:- 1. Sundaram Mid Cap fund 2. Sundaram Tax Saver 3. Reliance Growth 4. SBI Magnum Tax Saver

Request you to kindly suggest if these are good investments and whether i should continue the investments in the same.

Further I am also looking forward to investing Rs. 1000 in the two following - HDFC Top 200, Franklin Blue Chip, DSP BR Top 100, Sundaram India Leadership fund.Kindly suggest which two should i opt for.

Thanks in advance

Vivek

mid-cap large-cap tax-saver sip mutual-fund investment
1 Answers

The SIPs you have been investing since 2008, are no longer best funds, so would advise you to stop these SIP and choose other funds.

Replace:
Sundaram Mid Cap fund, Reliance Growth with IDFC Premier Equity/ICICI Pru discovery Inst I/Birla Sunlife Pure value/Birla sunlife Dividend yield plus
Sundaram Tax saver, SBI Magnum Tax Saver with Canara Robeco Equity Tax Saver/HDFC Taxsaver/Franklin India Taxshield/DSPBR Tax Saver

From new funds selected by you, choose Franklin India Blue Chip and DSPBR Top 100. These are large cap funds. As you are already invested in Mid and small cap funds (Sundaram Mid cap, Reliance growth), now you should go with large caps.

Pankaj Batra5212
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