Should I continue to invest in ICICI Prudential Bluechip Fund?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
I have been investing in ICICI Prudential Bluechip Fund through an SIP of Rs 2,000 per month since April 2018. I was looking for a mid-term investment. Till date I do not have much returns. Should I stay invested?

I chose this fund because it was a large cap fund and conservative one. I am worried about the current market situation. Please tell me whether this fund is suited for another three years of investment or should I split the money and invest in other funds.
-Meyyappan Mani


Raghvendra Nath, MD, Ladderup Wealth Management, responds:
The markets was bleaker before the tax rate cut announcement, but the sentiment has improved since then. You have invested in a good fund and you can remain invested in it for the near future. However, if you want to diversify your portfolio, you can consider adding Nippon India Large Cap Fund and split the amount between these two funds.
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