I would like to know how to go about reviewing and modifying the existing SIPs.
The review criteria.
Am confused if I should stop the SIP in a particular fund upon review and configure a SIP in new fund and switch existing points to newly created SIP.
Or, Just stop the existing one and create new without switching the existing points.
In any case if the fund is underperforming should I wait for it to perform better and then redeem the points?
Am confused, How to maximize the returns in such situation while fund review?
What are the criteria for fund review?
Following are my current ongoing SIPs
Franklin India Opportunities (G) 2000
HDFC prudence (G) 2000
SBI magnum midcap (G) 3000
Reliance small cap (G) 2000
Reliance Equity Opportunities Fund – Retail Plan (G) 2000
ICICI Exp & other services (G) 3000
ICICI Value Discovery (G) 2000
ICICI bluechip (G) 3000
DSP BR Equity Fund – Reg – (G) 1000
Please share your views on the above funds, weather the Portfolio is good, bad and suggest any restructuring needed.
Thanks and Regards,