I am investing in MFs via SIP - Rs.5000 per month in HDFC Top 200 and ICICI Pru Focussed Blue Chip for last 6 months. Not much appreciation as the market is currently down. Now would like to increase the SIP to Rs.10,000/month. Please suggest if my exisisting funds are good or if not good please suggest me new funds.I am lookin for 10 years plus time horizon.
Both your funds are good and large cap focused funds. Keep them up because they are performing good. You can also add ELSS Funds - Canara Robeco Equity Tax Saver and Fidelity Tax Advantage into your kitty. But keep reviewing your funds every year. If some fund is not performing stop the SIP and put your money into other fund.
I would say that increase your funds to three or four. And also add ELSS funds to your kitty as suggested by Madhura.