I have invested through SIPs in HDFC Top200, Birla Sun Life Dividend Yield Plus and IDFC Premier Equity Plan A; is my selection right or do I need to change?
-Ankit Nanda
Your selection of funds is good. And by investing through SIPs, you are building on an opportunity to create long-term wealth. However, you should invest with a financial goal or plan in mind. This will help you track the performance of your investments and measure its performance against its peers and the benchmark for you to make any change in your holding to these funds.
This article was originally published on December 15, 2010.