Thoughts on SIP ideas

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!

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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