I have been investing in Reliance Growth, Reliance Regular Savings, Sundaram BNP Paribas Select Focus, DSPBR Top 100 Equity, SBI Magnum Tax Gain, Sundaram BNP Paribas Tax Saver and HDFC Top 200 through monthly SIPs of Rs 1,000 each over the past 2 years. Should I continue? I want to invest Rs 4,000 more every month. Should I increase the number of funds?
— Gita Goyal
Right now you are investing Rs 7,000 every month and would like to increase this amount to Rs 11,000. We don’t think you should increase the number of funds; your portfolio is sufficiently diversified.
Discontinue your SIP in Sundaram BNP Paribas Select Focus and replace it with IDFC Imperial Equity Plan A. You do not need a multi-cap fund since you have sufficient exposure to all market caps - discontinue your SIP in Reliance Regular Savings Equity.
This article was originally published on August 16, 2010.
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