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In which fund should I start my additional SIPs

I have SIP of Rs. 5000 in the following funds each:- DSP BlackRock Micro Cap Fund, Franklin India Smaller Companies Fund, Franklin India Prima Fund, ICICI Pru Value Discovery Fund, Kotak Select Focus Fund, Mirae Asset Emerging Bluechip Fund, Birla Sun Life Frontline Fund. All the above in Growth funds. I am 28 years & planning to invest more Rs. 15,000 in mutual funds. Which funds would you suggest? I want to invest for 10 to 15 years. And I am willing to take risk for better returns?

Mar 13, 2017 by Rohit Jain, Mumbai  |   Mutual Fund

Your current SIPs are in very good funds and the overall portfolio is quite aggressive. As you are willing to take risk in order to get better returns in the long term, you should continue with these funds.

With regards to your query about starting new SIPs, we would suggest that instead of choosing new funds you should put additional amounts in the existing funds only, excepting DSPBR Micro Cap Fund as this fund is not accepting new SIPs/ lump sum any more.

Hope this helps! Thanks for writing to us :))

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