I have SIP investments in HDFC Prudence, HDFC Top 200, HDFC MIP Long Term, DSPBR Micro Cap, Reliance Regular Savings Balanced, IDFC Premier Equity and BSL Frontline Equity. Is this a good selection for long-term investment of five years? I have additional Rs 2,000 a month to invest for my son for 5-15 years; please suggest a fund and your opinion on my investments.Anirban
You have selected good funds, which are backed by performance history and proven track record. However, seven funds comprising two large- and mid-cap funds, two mid- and small-cap funds and two funds that are from the equity-oriented hybrid category does not amount to diversification. You need to reduce your holdings to 4-5 funds which be easily achieved by doing away with the duplicity of funds that you have from the same category. As for the additional Rs 2,000 that you have; invest in the existing funds as they are all good investment options for the long term. Make sure you invest regularly and track the performance of these funds regularly.