I am planning to invest Rs 2,000 via monthly SIPs. For this, I have thought of HDFC Top 200, Reliance Growth, Reliance Vision and Sundaram BNP Paribas Growth Reg. Please help me make a suitable choice.
- Srikanth
All the funds that you have chosen are diversified equity funds. While HDFC Top 200 and Reliance Growth have been consistently good for the past few years, we have some reservations with regards to Reliance Vision and Sundaram BNP Paribas Growth Reg, both of which are rated 3-star. While the former has been an average large-cap fund, the latter has been a poor performer lately, lagging behind the category average in both, bear and bull markets.
We suggest that you either increase the SIP amount in the two funds, i.e. Reliance Growth and HDFC Top 200, or include one more fund, choose among DSPBR Top 100 and Birla Sun Life Frontline Equity.
This article was originally published on April 02, 2010.