I have a number of SIPs (in various MFs) worth 1 lakh per month. I want to consolidate the SIPs as below:
Large Cap: 15 K
Mid Cap: 30 K
Small Cap: 15 K
Sector/ tech fund: 10 K
Contra fund: 15 k
Flexi cap: 15 K
Please let me know if I need to correct this scheme. Also, please tell me one fund in each of the above categories to invest in. I can invest for more than 10 years and have no immediate liability in sight.
Ans: Large Cap: DSP top 100 fund - Growth
Mid Cap: Motilal Oswal Mid cap Fund - Growth
Small Cap: Nippon India Small Cap Fund - Growth
Sector/ tech fund: SBI Technology Opportunities fund - Growth
Contra fund: Kotak India Eq Contra Fund - Growth
Flexi cap: UTI Flexi Cap fund - Growth