MF portfolio suggestions after Recategorization

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D Sharma asked 8 years ago

Dear Sreekanth,

Please suggest if any changes to be made in SIP my portfolio after the re categorization:

SBI Blue Chips Rs 3000 Mirae Asset Emmerging Blue chip fund Rs 5000 L&T Emmerging blue chip fund Rs 3000 DSPBR Micro cap fund Rs 500 ICICI PRU Value Discovery fund Rs 2500 Reliance Small cap fund Rs 1500 Kotak Select focus fund Rs 1500 All these are for 10 years time frame as of now. 2. I read that fund like Mirae Asset Emmerging Blue chip may not give the same return now. Kindly suggest. 3. I further want to start SIP for Rs 6000/m, Kindly suggest some suitable fund for a time span of 5 to 10 years. warm regards D Sharma

7 Answers

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Sreekanth Staff answered 8 years ago

Dear Mr Sharma, Individually almost all the above list of funds are good ones. However, you have higher allocation to mid/small cap funds. Suggest you to continue with your investments as of now, kindly check and analyze the funds' (category wise) portfolio overlaps after 2 to 6 months from now and can drop couple of mid-cap funds from your portfolio (if overlap is on the higher side) and you may add one equity balanced fund. Kindly read : https://www.relakhs.com/best-mutual-fund-schemes-sebi-norms/

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D Sharma answered 8 years ago

Dear Sreekanth Thanks for your prompt reply ! I agree that I have a higher allocation to mid/small cap funds, Can you please suggest in this category which are the funds I should drop. A friend of mine has asked me to switch ICICI PRU Value Discovery fund. Do you think I should continue with this fund? As you have suggested an equity based balanced fund, please suggest one- HDFC, SBI Magnum or ICICI. I read your article: https://www.relakhs.com/best-mutual-fund-schemes-sebi-norms/ but could not understand much. Please suggest among the funds I am invested are there any fund which has changed much so as to have a impact on the return. Finally, please give your opinion on Mirae Asset Emmerging Blue chip. Regards D Sharma

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Sreekanth Staff answered 8 years ago

Dear Mr Sharma, You may continue with ICICI Value discovery Fund. As suggested, you may check the portfolios overlap after few months and can trim your Mid-cap portfolio a bit. Kindly read : https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ You may add Balanced fund like 'HDFC Balanced fund' (now re-named as HDFC Hybrid Equity fund) after couple of months.

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D Sharma answered 8 years ago

Dear Sreekanth Thank you for your valuable suggestions. Finally, please give your opinion on Mirae Asset Emmerging Blue chip. I personally like this fund as it is giving good returns. But a friend of mine said that after categorization this fund is no more good for investment. Please give your advice.
Regards
D Sharma

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Sreekanth Staff answered 8 years ago

Dear Mr Sharma, Suggest you to continue with the mentioned fund.

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D Sharma answered 8 years ago

Dear Sreekanth Thanks for removing my apprehension! Your suggestions means a lot! Regards D Sharma

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Sreekanth Staff answered 8 years ago

Dear Mr Sharma, Thank you for your kind words. As suggested, you may kindly do overlap analysis of your funds after few months and can try trimming down your portfolio (number of funds) a bit (if required).