I invest Rs 6,000 a month in ICICI Prudential Focused Bluechip, DSP BlackRock Top 100 Eqt, UTI Opportunities, IDFC Premier Equity and HDFC Balanced. I have been doing this via the SIP route since 2011. I want to now invest Rs 5,000 a month in a gold ETF. Please give your thoughts on my portfolio and also suggest a gold ETF to invest in.
You have chosen excellent funds, which make your portfolio fairly diverse. If you want to invest anything more, just spread the amount in your existing funds. You won't derive anything meaningful by adding more funds to your portfolio.
Coming to the gold ETF, all of them deliver the same kind of returns. But the Goldman Sachs Gold ETF looks the best because of its liquidity and size.