Some help pls on re-alloaction

[Khokan]

Hi folks, I had made a lump sum investment some time in early 2011 when index was @ abt 5800 level in the following funds:
HDFC Top 200
Franklin India Bluechip
DSPBR Top 100 Equity
ICICI Prudential Dynamic Plan
I am in red on a few and +ve in a few. I would like to redeem these when i hv broken even (I can wait) and plan to open a debt fund and hv systematic withdrawn to a few (2/3) new equity funds. Can some1 suggest a debt fund and new equity funds for this plan. Thanks in advance..

 

[KoolSIM]

Hi folks, I had made a lump sum investment some time in early 2011 when index was @ abt 5800 level in the following funds:
HDFC Top 200
Franklin India Bluechip
DSPBR Top 100 Equity
ICICI Prudential Dynamic Plan
I am in red on a few and +ve in a few. I would like to redeem these when i hv broken even (I can wait) and plan to open a debt fund and hv systematic withdrawn to a few (2/3) new equity funds. Can some1 suggest a debt fund and new equity funds for this plan. Thanks in advance..

Your fund selection seems good. The problem was the lump-sum investment. Had you gone for an SIP, your losses might be lesser (or maybe your entire portfolio would be in the green). Unless you have some big goal that is coming up in the near future, I would not recommend you to exit these funds. Instead monthly SIPs would be a better idea.

I don't have much knowledge about debt fund (heard SBI Dynamic Bond Fund is good), but if you are looking for new equity funds, I'd suggest you stick with your existing funds and begin SIPs in them instead of fresh lump-sum investments.

 

[Khokan]

KoolSIM, many thanks for yr response.