Mutual Fund Portfoli0- Review

Q & A Forum › Category: Investments › Mutual Fund Portfoli0- Review

manish35908 asked 9 years ago

Hi Sreekanth, I have enjoyed reading your columns since Oct 2015 (the time i got to know about ReLakhs). My Mutual fund investment which was started about a year ago was result of your simple yet informative columns. I have a doubt related to my MF investment. I think my portfolio contains too many funds so was thinking of trimming it . I was thinking to Stop SIP's in ICICI Prudential Value Discovery Fund and UTI-MNC FUND and allocating the SIP amount (3000) in the other funds. Please let me know your views on these 2 funds and let me know is it fine to remove them from my portfolio? Also let me know in which funds should I divert the SIP amount (3000) of these funds. The portfolio is given below: Axis Long Term Equity Fund - Direct Growth- 3500 (Monthly SIP) DSP BlackRock Micro Cap Fund - Direct Plan - Growth - 4000 (Monthly SIP) Franklin India Smaller Companies Fund - Direct-GROWTH - 4000 (Monthly SIP) Franklin India TAXSHIELD - Direct-GROWTH - 1500 (Monthly SIP) HDFC Balanced Fund - Direct Plan - Growth Option - 1500 (Monthly SIP) ICICI Prudential Value Discovery Fund - Direct Plan - Growth - 1500 (Monthly SIP) Principal Emerging Bluechip Fund - Direct Plan Growth - 4000 (Monthly SIP) SBI Blue Chip Fund-Direct-Growth - 1500 (Monthly SIP) UTI-MNC FUND - DIRECT PLAN - GROWTH - 1500 (Monthly SIP) Regards, Manish

4 Answers

0 Vote Up Vote Down

Sreekanth Staff answered 9 years ago

Dear Manish, Thank for following my blog posts and for being a loyal reader! All most all the listed funds are decent performers. May I know your investment objective and time-frame? Suggested readings : https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/

0 Vote Up Vote Down

manish35908 answered 9 years ago

Hi Sreekanth, Investment objective is Long term Wealth Creation and Retirement .The Time frame is more than 15 years.
While starting the MF investment a year ago I have done Mutual Fund Portfolio Overlap Comparison and it was less than 20% which I think is acceptable. Thanks, Manish

0 Vote Up Vote Down

Sreekanth Staff answered 9 years ago

Dear Manish, You may retain ICICI Pru discover fund and track its performance for some more time.. You may move from UTI MNC to Small cap fund + Balanced fund (Franklin Small + HDFC Balanced fund).

0 Vote Up Vote Down

manish35908 answered 9 years ago

Thanks Sreekanth for the valuable suggestions.