I am 35 years with Rs 35,000 net monthly income. I have SIP investments of Rs 12,000 in Reliance Growth, HDFC Taxsaver, HDFC Top 200 and DSPBR Top 100 Equity. I want to invest additional Rs 2,000. Please suggest the fund for additional investment.
- J R Singh
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You have selected good funds to form a portfolio that is well diversified in style and numbers. You should continue investing in these funds regularly and track the performance of these funds. You can make additional contributions to the existing funds instead of looking for a new fund. But if you must invest in another fund, you can consider a multi cap fund to the existing list and invest in HDFC Equity or Quantum Long Term Equity. Both the funds are good performer and with the presence of a multi cap fund in your portfolio you will add to the diversification and also bolster the satellite component of your portfolio.
This article was originally published on June 09, 2011.
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