I am Deepak 29 years old. I have buy 7 mutual schemes - DSP BlackRock Micro Cap Fund - Regular Plan(1000), Birla Sun Life Frontline Equity Fund(1000), ICICI Prudential Focused Bluechip Equity Fund (G)-1000, Canara Robeco Emerging Equities Fund - Regular Plan - 1000, Tata Balanced Fund - Regular Plan - 1500, Mirae Asset Emerging Bluechip Fund - Regular Plan - 1000. As there are so many mutual fund schemes I have purchased now I am going to close Canara Robeco Emerging Equities Fund - Regular Plan - 1000, and put all the amount of this scheme in DSP BlackRock Micro Cap Fund - Regular Plan(1000) and will continue with only DSP BlackRock Micro Cap Fund - Regular Plan(1000); is am doing right thing? Because both the schemes are under small & mid cap category so instead of keeping both I will keep only one i.e., DSP BlackRock Micro Cap Fund. Also for Large cap category I have purchased Birla Sun Life Frontline Equity Fund (3000) & ICICI Prudential Focused Bluechip Equity Fund (G) - (1000) so I am going close one of them and continue with only one scheme kindly suggest which I should continue. My intention is to keep minimum schemes and take advantage of cumulative amount. Is I am going in right direction?
All the 7 funds selected by you for your monthly SIP are good funds.
It is always ideal to keep the number of funds as less as possible. More than the number of funds, performance of the funds in your portfolio is more important.
Since you have chosen all the good funds from different categories, you can continue with them. Else, minimize few if they are from the same category. We are not giving you fund specific suggestion as your fund selection is fine.
Thanks for writing to us.
Aug 29, 2019 by Nandu
Aug 26, 2019 by Dhiraj
Aug 18, 2019 by Dr. Ketan S Trivedi
Aug 16, 2019 by Sanjay Gargish
Aug 3, 2019 by Chirag Agrawal
Jul 30, 2019 by Abhishek Shah
Jul 28, 2019 by Dr. Pradip Kumar Chatterjee
Jul 27, 2019 by Pravin Jain
Aug 26, 2019 by Joel A Peres
Jul 25, 2019 by Rabindra Chandra Bhattachara
Nov 25, 2024 by Advisorkhoj Team
Nov 25, 2024 by Advisorkhoj Team
Nov 22, 2024 by Axis Mutual Fund
Nov 22, 2024 by Advisorkhoj Team
Nov 22, 2024 by Advisorkhoj Team