I currently have SIP investments in IDFC Premier Equity, HDFC Top200, Reliance Regular Savings Equity and BSL Tax Plan. I am looking for large cap funds to invest in. Is SIP the right way to mutual fund investing?
- Amit Shivhare
You have some good performing funds in your portfolio except for BSL Tax Plan, which you should consider discontinuing and instead look for Canara Robeco Equity Tax Saver or HDFC Taxsaver. Both these tax planning funds have a proven track record and performance history to invest in. By adding a large-cap fund; you will create a well diversified portfolio of funds which will help you with long-term wealth creation. You can select from DSPBR Top 100 Equity or Franklin India Bluechip. Remember, it is not enough to select good funds, you should invest regularly and track the performance of the funds that you have invested in regularly.