Hi , I am 44 years old , Currently I have invested in following SIPs , 1. SBI Multicap Fund - 5K , 2. SBI Small Cap Fund Direct Growth-5K , 3. SBI Focused Equity Fund Direct Growth- 5K , 4. Parag Parikh Flexi Cap -2K 5. PGIM India Midcap Opportunities Fund Direct-Growth - 1.5K 6. ICICI Prudential Bluechip Fund Direct-Growth-1.5K 7. Quant Flexi Cap Fund Direct-Growth-2K . Are these SIPs good to continue ? I want to invest another 5K in SIP, please suggest me some good options.

Ans:

Ans: Hello Debanshu. You may consider midcap, small cap and flexicap categories for your sip additions/increase based on your age and investment time horizon.

Ans: I recommend continuing with the "Mirae Asset Emerging Bluechip Fund" & "Parag Parikh Flexicap Fund" as these funds have good track record of performance and has generated returns that are above the benchmark index over a long period of time.

However, I recommend you to discontinue your investments in the following funds:

1. Axis Long Term Equity Fund- This fund has shown inconsistency in returns over a period of time and shows inconsistency in returns and its performance in comparison to its peers.

2. Nippon India Pharma Fund and Tata Digital India Fund- These are sectoral funds, which means that they invest in companies belonging to a single sector, pharma and technology respectively. Sectoral funds are exposed to higher risk than diversified funds, as their performance depends on the performance of a single sector. Additionally, sectoral funds are unlikely to generate returns that are significantly higher than the benchmark index, as they are passively managed and track a sector index.

Ans: Two years into your SIP journey, already? That's fantastic! Remember that feeling of starting out, unsure but determined? Well, pat yourself on the back – you're building a secure future, brick by brick. And now you're ready for the next step, like a wise king expanding his kingdom!

Here's the thing: you've got a good foundation with your existing SIPs. The multi-asset fund helps balance things out, while the ELSS fund gives your taxes a haircut – that's a smart king, you are!

Now, with an extra 10k to deploy, consider adding another SIP. Think of it as diversifying your army – you wouldn't want just archers, would you? A well-rounded portfolio helps manage risk. Talk to a fee-based Certified Financial Planner – they're like your royal advisor – to see if a mid-cap or a sector-specific fund might be a good fit for your goals.

Remember, investing is a marathon, not a sprint. Stay focused, keep those SIPs flowing, and watch your future grow like a bountiful harvest!