I have SIPs of Rs 1,000 in ICICI Prudential Focus Bluechip fund and HDFC Top 200. I want to invest Rs 1,000 via SIPs in a mid-cap fund as well. Please suggest a good mid-cap fund, other than IDFC Premier Equity because it has a minimum SIP amount of Rs 2,000.
-Shantu
The mid-cap fund suggestions that we give keep changing frequently because of the volatility seen in that space. Today, the mid-cap fund that we would suggest, apart from IDFC Premier Equity, is Magnum Emerging Business, which has been the top performer within its category in the past one year. When you invest in a mid-cap fund, you should keep a keen eye on the fund’s performance by reviewing it at least once a year.
This article was originally published on February 21, 2012.