I had SIPs for 5 years in the following funds for a Rs, 20000 each per month from July 2008 to July 2013 ( I have not exited these funds till now);-
HDFC Top 200 (G); SBI Magnum Contra Fund(G); Kotak Opportunities Fund (DIV Re); Reliance Growth Fund (DIV-Re); Sundaram BNP rural Indian Fund (G) and DSP Blackrock Small and Mid Cap Fund G( for 3 years only)
Now I want to start fresh SIPs worth Rs. 2 lacs per month for the next 5 years. Could you pl suggest me whether I should continue the SIP in the above funds or should I look at different MFs?
CB-If your goal is just 5 years, then stay away from Equity. Regarding existing funds, retain HDFC Top 200, rest of them are best to come out. If your goal is more than 5 years, then continue HDFC, include on small and mid cap fund like HDFC Mid Cap or Franklin Smaller Companies Fund and also a equity oriented balanced fund like HDFC Balanced Fund.
Thank you. Though my SIP will be for a max of 5 years, my investment period is not less than 10 years. My risk appetite is relatively high and can you recommend me two more good funds for SIP ? Regarding my existing funds, I am happy to exit all ( except HDFC top 200), but should I wait for some more time for the market to recover ?
CB-I already recommended the funds. No more funds required. You can wait for some more time. But it is purely your call.