I have few investments in mutual funds, just want to inquire whether i have invested in right funds which will provide good returns in long term good investment. HDFC Top 200 Fund - Lumpsum 25000 Franklin India High growth compamnies fund - Lumpsum 25000 IDBI India top 100 equity fund - Lumpsum 50000 DSP Blackrock focus 25 fund - SIP 2000 monthly DSP Blackrock microcap fund - SIP 2000 monthly HDFC Gold fund- SIP 2000 monthly HDFC Balanced fund - SIP 2000 monthly HDFC Mid Cap oppurtunities fund - SIP 2000 monthly. Your early response will be highly appreciated
1 Answers
Most of these funds are good and portfolio has good balance of large, mid, small cap and gold funds. However below are some suggestions:
Its not advisable to put large amount as lumpsum in funds. Rather start SIP. If you have spare amount, invest into debt/liquid mutual funds and start STP (systematic transfer plan) to required equity fund.
Franklin India High growth companies fund can be replaced by any of the following funds:
ICICI Prudential Discovery, IDFC Premier Equity and Birla Sun Life Dividend Yield Plus
IDBI India top 100 equity fund can be replaced by any of the following funds:
DSPBR Top 100, ICICI Pru Top 100 and Franklin India Bluechip
DSP Blackrock focus 25 fund can be replaced by any of the following funds:
HDFC Equity, HDFC Top 200 and Canara Robeco Equity Diversified
You can read this page: http://www.socialfinance.in/questions/936/best-mutual-funds
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