Kindly advice if I should continue with my SIPs in Kotak Opportunities Fund (Growth). Also let me know about another suitable fund where I can invest Rs 1,000 every month for a period of three years. I do not want to invest in tax saving funds.
- Prakash Dhekne
Kotak Opportunities is a good pick in the aggressive space. It has a good performance history. However, the nature of this fund is such that it rises higher than a diversified equity fund in a rising market and falls harder in a falling market.
Nevertheless, it can deliver better than a plain diversified large-cap fund over the long-term. It is better to continue your SIPs and invest over the long-term.
For the additional Rs 1000 that you want to invest for three years, you can opt for a good balanced fund if you do not want to invest in a tax saver. You can choose from DSPBR Balanced, HDFC Prudence and Magnum Balanced.