Can you help reduce number of schemes in my portfolio

Yes, you have too many schemes in your portfolio. You are currently doing monthly SIP of Rs 29,000 in 13 schemes.

Please note that for achieving long term goals, SIPs in diversified equity funds could be the best choice. But, we see that some of the funds you have taken to invest are sectoral and thematic funds which are the most risky and may not be suitable for you as you want to meet the child education goal after 15-20 years.

Our suggestion for reducing the number of funds is as follows –

1. Invest in DSPBR Focus 25 Fund in place of DSPBR Natural resources & new energy fund

2. Invest in ICICI Prudential Value Discovery Fund in place of ICICI Prudential Exports and Other Services Fund. Also, replace ICICI Prudential Banking & Financial Services with ICICI Value Discovery Fund

3. Stop SIPs in SBI Pharma Fund and UTI Transportation & Logistics Fund and start SIP in SBI Bluechip Fund

4. Stop SIP in Franklin Build India Fund and add more to Franklin India High Growth Companies Funds

This will reduce the total fund number to 10 and make the portfolio diversified across multi-cap, large cap and mid & small cap.

Hope the above helps! Thanks for writing to us!!