Is it good idea to have four mutual funds? - Basunivesh

Q & A Forum › Category: Mutual Fund › Is it good idea to have four mutual funds?

Sudip asked 3 years ago

I have a MF of Icici value discovery fund growth and Icici focused blue chip equity fund growth. Sip of 2500 each. Kindly advise as I would like to add Sbi blue hip fund growth large cap and sbi magnum mid cap and increase all four funds to 25000 monthly sip. Kindly let me knw if it is a good idea and what returns can I expect from these mf’s.

Thank you

Question Tags: four mutual funds

Sudip replied 3 years ago

Thanks a lot basu. Should I go for long term or short term debt fund. I would like to invest for atleast six years. Is sip option is good or lumpsum investment. Awaiting ur kind advise.

Regards.

1 Answers

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basunivesh Staff answered 3 years ago

You already investing in one large cap, then why one more SBI plan? You can add a small and mid cap fund. Also, try to maintain the debt portion separately. Because investing 100% in equity is dangerous. Asset allocation must be as per your time frame of goal.