Investing For High Returns

Jam 33-yea r-old and am a regular reader ofyour column. Regarding my portfolio I am contri buting to three SIPs as follows:
1. Fidelity Equity Fund - Growth Rt 1,000 p.m. since two years and still continuing
2. DSP BL Tax Saver Fund Ri’ 10,000 - 2 years back - still locked in
3. DSP BL Tiger Fund Regular - Growth SIP of Rs 1,000 since
2 years still continuing
4. HDFC Equity Fund - Growth SIP of Rs 1000, just started this month
Apart from this, I have invested in Cash Back Policy of ICICI Pru Lfr. Please suggest me how I can enhance my portfolio to get high returns in the long run.

Mitun, there is a basic contradiction in your requirements —. high returns and guaranteed returns don’t go together! You can have either of the two. As the asking rate of return increases, so does the uncertainty of it.

If you have a time horizon of more than three years, you could enhance returns by investing in better equity funds. HDFC Equity Fund is fine, and so is DSP TIGER for the next few years. But Fidelity Equity is not one for aggressive investing. You can include mid-cap oriented funds such as Sundaram Select Midcap or IDFC Premier Equity to add returns to your portfolio. These are more volatile, but then that is the price for higher returns. ICICI Pru Discovery, which is a value fund with a tendency to have more of mid- cap stocks, is another possible choice.