Have been investing 5000 each in the mentioned SIP funds for the past one year HDFC TOP 200 FUND
FIDELITY INDIA GROWTH FUND
IDFC IMPERIAL EQUITY FUND PLAN A
Need ur advice on which of thse should i continue/discontinue at the end of 14 months and also if you could suggest some alternatives.....am a newbie and have absolutely no idea about these, usually go by what the investment manager advices
HDFC EQUITY FUND is another fund have been advised to nvest in
Are u investing 5000each monthly in one istallment ? and invest in all three on one specific day ?
If both answers are affirmative, u shud spread ur investmnts over a month. U can either invest 5000 each in 3 funds on 3 diff dates OR u can invest 1000 each(*) 5 times a month for all 3. ( * - check availability of this option wrt scheme)
As u r going for SIP route, i assume , with word discontinue, u meant Switch from one scheme to other. And i also assume u wanna switch within Equity oriented schemes only. If u are thinking of debt/liquid funds, ignore below post.
When i see ur portfolio,
U are investng in HDFC-T-200 which has exposure to Large+midcap
Fidelity I-G which has exposure to Large+midcap
AND IDFC IMPERIAL PLAN A which has exposure to Large cap.
U can continue with HDFC-T-200.
Also u can think of DSPBRT100/Franklin Ind Bluechip which is having exposure to Large cap instead of IDFC Imperial.
If u wish, u can think of IDFC Premier Eq plan A which focus on Small+midcap.
Disclaimer-These should NOT be taken as Recommendations .I am also new to MF and just started investment on my OWN with a very small amount comapred to yours. Yes, but did homework before finalising. U shud consult with ur advisor OR u can compare schemes on fundamental basis as well as using SIP Returns calculator.
Just wished to share as knowledgeable persons may correct/advice me with my portfolio.