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Should I add more into my existing SIPs

I have invested in the following mutual funds through SIP for Rs. 2000 each per month. 1. BSL Pure Value, 2. DSP BlockRock Micro Cap, 3. Franklin India Prima Plus, 4. HDFC Midcap Opportunities, 5. ICICI Prudential Value Discovery, 6. Reliance Small Cap, 7. UTI Midcap, 8. Franklin India Smaller Companies, 9. L&T India Value, 10. Mirae Asset Emerging Blue Chip, 11. Invesco India Contra Further. I want to invest for Rs. 25000 per month through SIP. Kindly guide me whether I can continue the same funds or shall I discontinue any of the funds. If I am to continue in the same, in which fund shall I invest the amount? Kindly help me out of it?

Apr 24, 2017 by A.M. Ravishankar, Chennai  |   Mutual Fund

You have selected top performing funds for your SIP and you should add your new SIP requirement into these funds only excepting DSPBR Micro Cap Fund and Invesco India Contra Fund.

The reason being, DSPBR Micro Cap is not accepting any fresh investments as of now and contra funds may not be the right category of funds for your long term investment needs.

You can spread Rs 25,000 equally among the existing funds.

Thanks for writing to Advisorkhoj.

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