My monthly investments through the SIP mode are as follows: Rs. 2000 each in Birla Sunlife Frontline Equity, Reliance Regular Savings Equity, HDFC Midcap Opportunities, Reliance Equity Opportunities and ICICI Pru Focused Bluechip Equity. Of these, the performance of Reliance RSF Equity, in which I have been investing since 2010, has been very unsatisfactory. Would it be safer for me to discontinue the SIP and redeem all the units in Reliance RSF Equity? I plan to go in for a new SIP investment either in ICICI Pru Equity Volatility Advantage (or) Quantum Long Term Equity. Which of these two funds would you recommend? Please advise.
Srinivas A.R.
You have chosen a fairly good set of funds for your investments. Of course, there is scope for some mild rebalancing.
As you have stated, Reliance Regular Savings Equity may not have been a chart topper, but it is a reasonably steady performer.
Compared to the other funds in your portfolio, this scheme has been an under-performer. So, you can split the Rs 2000 in this fund across other schemes that you are investing in as follows: add another Rs 1000 each in Birla Sun Life Frontline Equity and ICIC Pru Focused Bluechip. Since you already have a mid-cap fund in HDFC Midcap Opportunities and Reliance Equity Opportunities too holds a significant amount of such stocks, increasing investment in large-caps will lend greater stability to your portfolio.
Your current portfolio is suffic
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