I am doing SIP in following mutual funds:
- Nippon India Equity Hybrid Fund – Gr: 4000/month
- Nippon India Small Cap Fund – Gr: 4000/month
- Aditya Birla Sun Life MNC Fund Gr: 4000 /month
- Franklin India Prima Fund Gr: 4000/month
- Motilal Oswal Multicap 35 Fund – Gr: 10000/month
- SBI Equity Hybrid Fund – Gr: 4000/month
In all of these, Nippon India Equity, which was earlier Reliance, is not doing good. Could you please let me know should I continue investing like this or should I switch to other SIP plans?
Ans: Name of the Fund | Category | RankMF Star Rating |
Nippon India Equity Hybrid Fund – Gr | Hybrid - Aggressive Hybrid Fund | 3 |
Nippon India Small Cap Fund – Gr | Equity - Small cap Fund | 2 |
Aditya Birla Sun Life MNC Fund Gr | Equity - Thematic Fund - MNC | 4 |
Franklin India Prima Fund Gr | Equity - Midcap Fund | 2 |
MotilalOswal Multicap 35 Fund – Gr | Equity - Multi Cap Fund | 5 |
SBI Equity Hybrid Fund – Gr | Hybrid - Aggressive Hybrid Fund | 5 |
You may continue with the 5- & 4-star rated funds and for others you can consider these:
Aggressive Hybrid: Suitable options considering quality and value for money at present levels are Axis Equity Hybrid Fund and Tata Hybrid Equity Fund
Midcap: Suitable options considering quality and value for money at present levels are Motilal Oswal Midcap 30, DSP Midcap and Axis Midcap
Small cap: Suitable options considering quality and value for money at present levels are Kotak Small Cap and Axis Small Cap