I have started my investments in October this year through monthly SIPs of Rs 1,000 in HDFC Mid-Cap Opportunities and ICICI Prudential Focused Bluechip Equity fund in which I have also made lump sum investments of Rs 20,000. I have Rs 1,000 SIP in HDFC Top 200 and lump sum investment of Rs 20,000 in Axis Gold Fund. I plan to invest Rs 3,000-Rs 5,000 more in mutual funds and need your suggestion?
- Swapna Chinnagangannagar
Your mutual fund portfolio of four funds is made of highly rated funds with a proven track record and performance history. However; you should stick to systematic investments than lump sum investments as the best way to mutual fund investing is through SIPs which benefit from cost averaging of acquisition and also the power of compounding in the long run. The additional sum that you have to invest should be diverted to ICICI Prudential Focused Bluechip Equity and HDFC Top 200 to bolster the core holdings of your portfolio. You should continue investing regularly and check the performance of the funds that you have invested in regularly to assess its progress.