Can you suggest two schemes to start SIPs of Rs 2,000?

I am 27 years old. My risk profile is moderate. I am currently investing Rs 2,000 in ICICI Prudential Value Discovery Fund, Rs 2,000 in HDFC Balanced Fund and Rs 2,000 in Mirae Asset India Opportunities Fund. Can you please suggest two more funds to start SIPs of Rs 2,000 each for good returns?
-- T R Saravanan

If you have a moderate risk profile, you should invest mostly in multicap schemes. You may also take a small exposure to a largecap scheme if you want to diversify and reduce risk.

Currently, you are investing in a multicap scheme (ICICI Prudential Value Discovery), balanced scheme (HDFC Balanced) and a largecap scheme (Mirae Asset India Opportunities – it is now known as Mira Asset India Equity Fund). Ideally, you should invest more in multicap schemes as you can afford to take more risk to earn more returns. Diversifying into balanced scheme and largecap would help you to reduce risk, but it would also compromise the return potential.


You should try to limit the total number of schemes to four. Too many schemes would make it difficult to monitor the performance of the schemes. It may also result in over diversification or duplication of the portfolio and compromise the overall returns from the portfolio.

Here are some useful links for you: Best multicap schemes to invest in 2018 and Best mutual funds to invest in 2018.