How is my mutual fund portfolio based on my selection of MFs

I have some SIP HDFC Top 200 Rs 1000, HDFC Tax Saver Rs 1000, Reliance Banking Rs 1000, Sundram Select Midcap Rs 1000, ICICI Pru Focused Bluechip Rs 1000, Mirae Asset India Opportunities Rs 1000, UTI Midcap Rs 1000, each fund SIP from 2011. Reliance Tax Saver Rs 2000 start SIP from 2016. I look to next 15 to 17 years. One time investment Reliance Small Cap Rs 50000 from April 2017, UTI Midcap Rs 101500 from July 2017 switch UTI Opportunity, HDFC Balanced Fund 82000 switch from HDFC Tax Saver. How are my portfolio?

Jul 28, 2017 by Pramod Kumar, | Mutual Fund

Your mutual fund portfolio is good and you have selected good schemes excepting a few. We have the following suggestions -

1. In place of HDFC Top 200 Fund, you can choose a better fund from large cap category. SBI Buechip Fund, Birla Sun Life Frontline Equity Fund and Kotak Select Focus fund could be better choices

2. You have invested in a sectoral fund, Reliance Banking Fund. Though this is a good fund, I am sure you are aware that these funds are the most risky too.

3. Your overall portfolio is aggressive and suitable only if your risk profile is high. As you have invested in various category of equity mutual funds, the minimum investment horizon should also be 5 years.

Thanks for writing to Advisorkhoj. We hope the above suggestion are helpful to you.

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