Should I start an SIP of Rs 2,000 in Nippon India Large Cap Fund?

I have invested a lumpsum of Rs 5,000 in Reliance Large Cap Fund. I am planning to start an SIP of Rs 2,000 per month in it. Is there any other good large cap fund that I can consider investing?
---Ankur Patel

Raghvendra Nath, MD, Ladderup Wealth Management, responds:

The Reliance Large Cap Fund is now called Nippon India Large Cap Fund. It is a very good fund in the large cap space. It has a good mix of focused bets and cyclical stocks which can play well in the current market environment.

If you want to add another large cap fund, you can consider investing in Axis Bluechip Fund. The scheme has managed the downside risk quite effectively. Starting your investment at Rs 2,000 per month is a very good idea. However, I would ask you to increase your SIP allocation in the coming years as it would have a compounding effect in your final corpus.