Hello Sir, i am 45, working as govt employee. I am currently investing in following funds for the past 4 years- 1. Canara Rob Emerg equities fund-reg(g)-2000. 2. ICICI Pru blueship fund(g)-2000 3. Nippon India focused equity fund (g)-2000 4. SBI Small cap fund-reg(g)-2000 5. Tata Hybrid equity fund reg(g)-1500. Sir, first advice,Do I have to change these funds or these are ok?. Please suggest me your inputs regarding these funds. I also want to add 5000 more per month. Please suggest me good funds.
Ans: You can continue with the SIPs in these funds except Nippon India Focused Equity Fund, which I suggest you to get out of. There is no requirement to introduce any other new fund in your personally managed portfolio as you are doing well with your ongoing SIPs.
You can start additional SIPs in ICICI Prudential Bluechip Fund and Canara Robeco Emerging Equities Fund with the additional amount.
Disclaimer:
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.