I have been investing when my age was 25 now I am 30. Earned good profit. Now most of these are due for renewal. What should be the strategy now. Like continue in the same or go for new ones. And if at all I go for new one then what should be the strategy for already parked funds.
My fund details that’s due for renewal
IDFC Premier Equity Plan-4000
Sundaram Select Midcap 4000
HDFC Top 200-4000
HDFC Prudence- 2000
Reliance Equity Opp Fund-4000 renew time still long
ICICI Bluechip Fund-2000 just started
And some lump sum payment in Kotak Dynamic Bond, IDFC Dynamic Bond and SBI Long Term Gilt. No ELSS as provident fund taking care if it.
Basic query about renewal and strategy for existing parked funds.
Satyan-Funds are good. But why you are holding two mid cap funds (Sundaram and Reliance)? Also when you already have a large cap fund (HDFC Top 200 Fund), why you started one more (ICICI)? Why you are holding debt portfolio in risky debt category of Mutual Funds?
Sir sundaram and hdfc top 200 are about to mature. Or in other words due for renewal. OK if I continue with say reliance and icici what should I do with the existing funds accumulated till date in sundaram and hdfc top 200.Secondly rating of hdfc top 200 is down since a couple of months. My big qn is strategy for already parked funds. Shall I leave it there to grow or take it out in toto and invest as lump sum in some other fund or anything else pls suggest
Satyan-You continue Sundaram rather than Reliance. Regarding HDFC and ICICI, I suggest to stick to one. Both are fine to me. Yes, when you stop one fund investment, then you have to transfer all amount to new fund where you want to continue. Look for HDFC’s consistency rather than star ratings. I still believe in that fund and suggest to continue.