Hi
With 3k-5k to invest in SIP, only 3 equity funds r enough:
Reliance Regular Savings Equity-G - 40%
DSPBR Top 100 Eqt Reg-G - 30%
HDFC Top 200-G - 30%
This portfolio will b nice for 5,10,20 yrs i think; if u track the performance twice a yr.
I do not believe in debt fund SIP
mr india
With 3k-5k to invest in SIP, only 3 equity funds r enough:
Reliance Regular Savings Equity-G - 40%
DSPBR Top 100 Eqt Reg-G - 30%
HDFC Top 200-G - 30%
This portfolio will b nice for 5,10,20 yrs i think; if u track the performance twice a yr.
I do not believe in debt fund SIP
mr india
You haven't listed what other investments you are holding. I agree with mr india in that you shouldn't need more than 3 funds. I would have some mid/small cap exposure through hdfc equity, dspbr equity or rel growth. Anything 5yr and beyond is long term. Differentiation matters if you are going to need cash in few months (short), or 1-3 years (medium).
Regarding debt, SIP is not very interesting. But you need to have some sum immune to market whims (2008 was a good example of why you need it) - when you are starting to save, and also when you have a large account (and so obviously when you are in the middle of those two points). I use short term debt funds - but there are variety of products (post office, FDs, PF etc) depending on your specific situation and choice.
-- Milind