You should definitely do this. Have a look at the below Infographic –
One of the suggested funds being the ICICI Prudential Value Discovery Fund, is an open ended diversified equity fund, which aims at stock which are available at a discount to their intrinsic value through a process of ‘discovery’ this process is called as Fundamental research. This process involves indentifying companies that are well managed, fundamentally strong and are available at bargained price.
Portfolio Analysis: As per the sectoral holdings Banking/Finance have been most favored sector for this fund as it is contributing 18.22% to the entire portfolio followed by Automotive and Technology Sector. Top Holdings and Sector Allocation for this fund are shown below.
Risk Profile: The risk is moderate in this fund as the investment is diversified among various assets. Average returns can be expected from this fund once the corrective phase of the Indian market completes. Investors looking forward for good returns with moderate risk should consider this fund for investments in staggered fashion or through SIP route.
In a nutshell, corrective action in this fund can continue towards 23.6% retracement zone. However investments in staggered fashion is advisable and SIP should turn out to be the best way as it will provide excellent cost averaging opportunities.
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