My present portfolio since 2016 is ABSL FRONTLINE EQUITY FUND 1000/-, ICICI PRO VALUE DISCOVERY 1000/- , SBI BLUECHIP 1000/- ,RELIANCE ELSS 2000/- ,RELIANCE GROWTH FUND 2000/-
Now I want to invest 5000/- more from this month. I want to know whether there is a need to change any fund in my investment portfolio & if not , Which fund should I invest in 2018 with the extra amount I mentioned. My purpose is to invest in long term & gain maximum return as much as possible.
Plz suggest me.
Thanks in advance.
1 Answers
Hi,
Your portfolio has two Large cap oriented funds, two Diversified equity funds (ELSS can be considered as a diversified one) and one mid-cap oriented fund (Reliance Growth).
Suggest you to kindly check the portfolio overlap among the funds which belong to same fund category.
Kindly read :
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
I believe that there are better mid-cap oriented funds than Reliance Growth.
Ex : HDFC Mid-cap opp fund / Franklin Prima / Mirae Emerging Bluechip etc.,
You may make additional investments in your existing funds like Birla Frontline, ICICI Value discovery funds.
Related articles :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/best-elss-funds-2017-2018/
https://www.relakhs.com/200-day-moving-average-dma-mutual-funds/
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