Ask ET Mutual Funds: Suggest a fund to start an SIP of Rs 1,000

Currently, I have three SIPs: Axis Long Term Equity Fund (Growth) - Rs 3,000, SBI Blue Chip Fund-Regular (Growth) - Rs 1,000, Birla Sun Life Balanced 95 Fund (Growth) – Rs 1,000. I want to invest Rs 1,000 more in monthly SIP. Please suggest a good performing fund.
-- Abhinav Rakesh Sood

Rishabh Parakh, Founder and Chief Gardener, Money Plant Consultancy, responds:

You should invest in any of the following funds which are more multicap and mid cap oriented like L&T India Value Fund (Growth), Mirae Asset Emerging Bluechip Fund (Growth), Kotak Select Focus Fund (Growth), Franklin India High Growth Companies Fund. These funds will complement your existing portfolio which is more largecap- and balanced-oriented. It will be a healthy mix.



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