If my fund selection is good

Please suggest me if required any changes in my portfolio. I am investing for long time purpose (approx 15 years) 1) SBI Bluechip 2000, 2) SBI Magnum Global Fund 1000, 3) UTI MNC Fund 1000, 4) DSP BlackRock Micro Cap 2000, 5) L&T India Value 1000, 6) L&T India Prudence Fund 1000, 7) Invesco India Mid and Small Cap 1000, 8) Kotak Select Focus Fund 1000. Want to invest more 3000. Please suggest me if there any change require and should I invest in the same fund or choose the new one. Waiting for your positive response?

Mar 24, 2017 by Pritam John, Delhi | Mutual Fund

Your fund selection is okay excepting SBI Magnum Global Fund and UTI MNC Fund.

Instead of SBI Magnum Global, you can invest in SBI Magnum Midcap Fund and in place of UTI MNC Fund, UTI Equity fund could be a better choice.

With regards to your new investments, instead of adding new schemes in the portfolio it is better to add more in the existing funds as your choice of funds is quite good and ideally suited for long term investment needs.

It is always a better idea to keep few good performing funds in the portfolio instead of a large number of schemes which makes the portfolio unmanageable.

Thanks for writing to us.

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