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
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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.
This article was originally published on July 14, 2011.
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