I have been investing in MF since past two years into various funds. However, selection of this funds were based on the inputs suggested to me by my Advisor. Based on his inputs, I ended up in having a portfolio of 14 MF, 1. Large Cap: 5 Funds (BSL Top 100 (G), Mirea Asset India Opp (G), Reliance Top 200 (G) (Stopped), SBI Blue Chip (G) - 30% of funds allocated; 2. Multi Cap: 5 Funds (BSL Frontline Equity (G) (Stopped), ICIC Pru Value Discovery (G) (Stopped), Kotak Select Focus (G), Motilal Oswal MOSt Focused Multicap 35 (G), Principal Emerging Bluechip (G) - 22% of funds allocated; 3. Mid Cap: 3 Funds (Canara Robeco Emerging Equitie (G), IDBI Mid Cap, Mirea Asset Emerging Bluechip (G) - 17% of funds allocated; 4. Small Cap: 3 Funds (DSP Micro Cap (G), Franklin Smaller Cos (G), HDFC Small Cap (G) - 25% of fund allocated; 5. Sector Fund: 1 Fund (UTI MNC) - 6% of fund allocated. Post reading various articles on Net, I now feel that my Portfolio has too many funds and also many of these MF overlap each other. I am planning to reconcile my Portfolio. I need your advice in this case. I have a High Risk Appetite and looking to stay invested for next 10 - 12 years. My monthly Investment is INR 60,000.00. I request if you could please help in selecting a good Equity Based Funds. Request if you could share your email ID so that I can give you the exact mix of my Portfolio with Fund Names?
Yes, you have invested in too many funds. Since, you monthly investment is Rs 60,000 you should try to limit your investments invest in maximum 6 to 7 funds. Just as an example, you can select 2 funds from each large cap and multi-cap categories. You can select 1 fund each from midcap and small cap categories. If you want, you can continue to invest in your thematic fund. Since you have stopped SIPs in some funds, select two funds each from the remaining funds in large cap and multicap categories (all the remaining funds are good funds). Regarding your midcap and small cap funds, we cannot comment on IDBI Midcap fund because it is a very new fund with no performance track record.
A good selection of funds could look like this,Large Cap Fund – Aditya Biral Sun Life Frontline Equity Fund, SBI Bluechip Fund, Multicap Fund – Aditya Birla Sun Life Advantage Fund and Mirae Asset India Opportunities Fund, Mid and Small Cap category – Canara Robeco Emerging Equities Fund and Reliance Small Cap Fund. Please note that DSP Micro Cap Fund is not accepting any investments as of now.
At any point in time to choose top performing funds do check Top 10 Mutual Fund schemes from any category from our website
Hope you find our suggestions helpful. Thanks for writing to Advisorkhoj.
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