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Should I continue with the below mentioned Funds

I am investing through SIP from past 1 year in Axis Midcap Fund - Growth, Birla Top 100 Fund - Growth, Franklin India Prima Fund - Growth, Franklin India Prima Plus - Growth, HDFC Balanced Fund - Growth, HDFC Mid-Cap Opportunities Fund - Growth, ICICI Prudential Dynamic Plan - Growth, ICICI Prudential Focused Bluechip Equity Fund - Retail - Growth, ICICI Prudential Value Discovery Fund - Growth, IDFC Premier Equity Fund - Growth, MIRAE ASSET INDIA OPPORTUNITIES FUND - REGULAR - GROWTH, Reliance Equity Opportunities Fund - Growth, UTI Thematic Banking Sector Fund - Growth. Can you please advise whether I should continue with this funds or need to modify?

Aug 3, 2015 by Sandeep Patil, Mumbai  |   Systematic Investment Plan

Congratulations! As you have chosen to invest in SIPs and this is the best way to create long term wealth.

Most the schemes chosen by you are good performers. However, we have following suggestions –

1. In place of ICICI Prudential Dynamic plan, you may invest in ICICI Prudential Top 100 Fund (A large Cap Fund)

2. In place of UTI thematic Banking fund, you may choose UTI Equity Fund. Banking Fund is a sectoral fund and thus riskier than Diversified Equity Funds. Moreover, most of the schemes chosen by you already have good exposure to bank stocks.

To check SIP performance of all the funds across different categories do click https://www.advisorkhoj.com/mutual-funds-research/top-performing-systematic-investment-plan

This is not an investment advice and written as general purpose reply to your query. Taking an advice from a financial advisor is suggested.

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