Thoughts on SIP ideas

#1

I’d like to invest in a few mutual funds through SIP and I was wondering if I could have a second opinion.

Already existing mutual funds owned ―

  • ICICI Prudential Balanced Advantage Fund ― 4 Lakhs
  • ABSL Digital India Fund ― 10K
  • ABSL Front Line Equity Fund ― 30K
  • ABSL Midcap Fund ― 25K
  • Canara Robeco Consumer Trends Fund ― 30K
  • Principal Multi Cap Growth Fund ― 25K

These have been purchased a while back and except for the first fund, all are in red.

The funds I’m looking to invest in SIP mode at 1K each:

  • ICICI Prudential Equity & Debt Fund
  • SBI Bluechip Fund
  • L&T Mid Cap Fund
  • HDFC Small Cap Fund
  • ICICI Prudential Liquid Fund

Time horizon is roughly 2-4 years with the goal of growth.

Should I pair down to just 2-3 funds and invest 2k each or is 1K each a good idea?

Any ideas or pointers will be helpful. Thanks!

#2

Looking at your portfolio to me it looks like you an moderate or conservative investor. You want to play safe which confirms the large allocation in a balanced fund.

Now coming to your existing portfolio of pure equity fund all of them are not the best performing funds. If I were you i would switch from them and invest in only 2 funds ( provided I keep my original investment in ICICI balanced fund) and start SIP in the same.

  1. Mirae Assset Emerging Bluechip ( large and midcap)
  2. L&T emerging Business fund ( Small Cap)
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