Deciding between boosting your SIP or adding a new fund
You might consider raising your current SIP contribution if your portfolio is well-diversified, the fund matches your risk appetite, and it is delivering decent returns compared to its benchmark and similar funds. It is a good time to open a new fund if you need to broaden your investments or if a current fund is failing to perform consistently. When deciding to increase your investment, make sure to factor in your earnings, financial objectives, risk capacity, and the impact of inflation.
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