Want to invest in mutual funds but don’t know how to go about it?

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Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

Q: 29-year-old Balakrishna Rao Kadiri writes us from Andhra Pradesh. I am investing in ABSL Frontline Equity Fund, HDFC MidCap Opportunities Fund and Principal Emerging Blue Chip Fund through SIPs of 5,000 on a monthly basis. I like to invest in another two funds through monthly SIPs. Please advise suitable funds. Goal is wealth creation over a period of 10 years.

A: We would recommend you to stop your SIP from the two funds – ABSL Frontline Equity Fund and Principal Emerging Bluechip Fund. ABSL Frontline Equity Fund has underperformed the benchmark in the last three year time frame. Instead, you can invest in Reliance LargeCap Fund. Similarly, hold your investments in HDFC MidCap Opp Fund and do not put any further money in it. Instead, you can invest in L&T MidCap Fund.

For Principal Emerging Bluechip, we suggest you to invest in the top 10 fund houses of the country. Instead, you can invest in SBI Focused Equity Fund. For the remaining two SIPs, you can invest in Kotak Standard MultiCap Fund and HDFC SmallCap Fund. This is how you will have a well-diversified portfolio.

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