Increase investments in existing funds that are good instead of investing in new funds
02-Feb-2011 •Research Desk
I have investments in HDFC Taxsaver worth Rs 15,000, HDFC Top 200 worth Rs 35,000 through lump-sum investments. I wish to start an SIP in a tax saver and two other equity funds for 3- and 10-year tenure. Which funds should I go for?
— Shubh Gupta
With HDFC Taxsaver and HDFC Top 200 you have made a good selection of funds even though lump-sum investing is not the best of ways to invest. You can initiate a SIP in HDFC Taxsaver, which is a 5-star rated fund with a proven track record. HDFC Top 200 is a large & mid-cap fund, which is also rated 5-star and has been a steady performer over the years. With a tax planning fund and a large- and mid-cap fund in the portfolio, you can consider adding a large-cap fund from Franklin India Bluechip or IDFC Imperial Equity Plan A to diversify your fund portfolio.