I have SIPs of Rs 5,000 each in HSBC Discover, DSP BlackRock Top 100 and HDFC Equity. I want to further invest Rs 10,000 via SIPs. Should I increase my investments in my existing funds or go for new funds?
-Nishant
The three funds that you're investing in are good funds. You have diversified across three fund companies, and all three funds have been performing well. You currently hold a well-diversified portfolio, so we would suggest that you invest the additional Rs 10,000 proportionately in these funds itself.
This article was originally published on March 02, 2012.