Fund selection for SIP

[ninamdar]

Hello,

I plan to invest around 5-6 lacs Rs over 1 year using SIP. I am planning to stay invested for around 5 years. I have shortlisted following mutual funds, please let me know what you think.

Large Cap:
DSPBR Top 100
HDFC Top 200
ICICI Prudential Dynamic
Reliance RSE

Mid Cap:
Birla Sunlife Asset Allocation Aggressive
IDFC Premier Equity Plan A
Sundaram BNP Paribas Select Midcap Reg

Growth option for all. I am thinking of equal distribution among all, so I will be investing around Rs. 6500 in each MF every month.

Let me know your comments.


Thanks.

 

[nikrod]

Hello,

I plan to invest around 5-6 lacs Rs over 1 year using SIP. I am planning to stay invested for around 5 years. I have shortlisted following mutual funds, please let me know what you think.

Large Cap:
DSPBR Top 100
HDFC Top 200
ICICI Prudential Dynamic
Reliance RSE

Mid Cap:
Birla Sunlife Asset Allocation Aggressive
IDFC Premier Equity Plan A
Sundaram BNP Paribas Select Midcap Reg

Growth option for all. I am thinking of equal distribution among all, so I will be investing around Rs. 6500 in each MF every month.

Let me know your comments.


Thanks.

Good choice of funds. I would advice you to remove one fund from your Large Cap category & remove one from mid cap category. This will make number of funds in your portfolio 5. Note that Reliance RSF & ICICI Pru Dynamic are multicap funds so they also invest substancial part of their in Mid caps.

 

[ninamdar]

Thanks for the reply Nikrod.


I plan to drop ICICI dynamic from Large cap but not sure which one to drop from Mid-cap (may be Birla Sunlife). Can you please suggest?

Also while starting SIP, is there good criteria for selecting date? Or is it just a random pick?

 

[nikrod]

Thanks for the reply Nikrod.


I plan to drop ICICI dynamic from Large cap but not sure which one to drop from Mid-cap (may be Birla Sunlife). Can you please suggest?

Also while starting SIP, is there good criteria for selecting date? Or is it just a random pick?

Yah even I would eliminate Birla Sunlife Asset Allocation Aggressive. You can spread your SIP's accross the month. For example your SIP dates could be 5, 10, 15, 20, 25, 28 etc.

 

[tanveer]

hi, your portfolio is good but I would suggest ICIC pru discovery fund instead of dynamic and DSP BlackRock small and midcap fund instead of Birla asset allocation. If you want to stay invested for 5 years then spread your investment in such a way that you keep on investing for 5 years instead of 1 year. In this way you will be able to average the market better.

http://www.mymutualfundinvestment.blogspot.com