Hello MF Gurus,
I have invested in SIP with the below mutual funds. I started the SIP one year ago. My age is 30, married and plan to invest for long term for child education/marriage etc (No child as of now):
HDFC top 200 - Rs. 4000 per month
HDFC Equity - Rs. 1000 pm
IDFC Top 100 - Rs. 1000 pm
IDFC Premier Equity Plan A Growth - Rs. 2000 pm
Reliance Regular savings - Rs 1000 pm
Birla Sun Life Equity - Rs 1000 pm
When I review the funds now in moneycontrol.com, Mutual Fund meter shows "sell" and two stars for Birla Sun Life, while for IDFC, Reliance and DSP-BR funds it shows "Average Buy", "Strong buy" for HDFC funds.
Kindly suggest if considering the above, should I redeem/switch the SIP for Birla for e.g. or should I consider the returns to decide this? Because the returns after one year wont give a correct picture and if currently stock market is down, returns will be low for all mutual fund SIPs.
OR should I blindly invest for 3 yrs and then decide, after checking the returns?
Kindly advice.
Thanks & Regards,
Kunal.
I have invested in SIP with the below mutual funds. I started the SIP one year ago. My age is 30, married and plan to invest for long term for child education/marriage etc (No child as of now):
HDFC top 200 - Rs. 4000 per month
HDFC Equity - Rs. 1000 pm
IDFC Top 100 - Rs. 1000 pm
IDFC Premier Equity Plan A Growth - Rs. 2000 pm
Reliance Regular savings - Rs 1000 pm
Birla Sun Life Equity - Rs 1000 pm
When I review the funds now in moneycontrol.com, Mutual Fund meter shows "sell" and two stars for Birla Sun Life, while for IDFC, Reliance and DSP-BR funds it shows "Average Buy", "Strong buy" for HDFC funds.
Kindly suggest if considering the above, should I redeem/switch the SIP for Birla for e.g. or should I consider the returns to decide this? Because the returns after one year wont give a correct picture and if currently stock market is down, returns will be low for all mutual fund SIPs.
OR should I blindly invest for 3 yrs and then decide, after checking the returns?
Kindly advice.
Thanks & Regards,
Kunal.