From the long list I have picked ICICI Pru Focused Blue Chip Equity Fund for investment. As per you, what would be better for me ? SIP of Rs. 3,000 in one mutual fund or SIP of Rs. 1,000 each in 3 mutual funds. What will be beneficial in long run? The basic idea of doing 3 SIPs is diversification.
If all the chosen 3 funds have different portfolios then only there will be a benefit of diversification. Otherwise it will be as good as investing in a single mutual fund. Check for these funds profile before making investments in it.