I’ve invested lumpsum amount in ICICI Bluechip fund, ICICI equity and debt fund, HDFC Hybrid Equity Fund and L&T India Value Fund in the last 3 years. And investing via SIP in Mirae Asset Emerging Bluechip Fund since early this year. Could you please suggest whether I should continue my portfolio OR change (s) is needed?
Look forward to your reply.
ICICI Bluechip fund, ICICI equity and debt fund, HDFC Hybrid Equity Fund are fine.
Value oriented funds can be riskier than a generic Multi-cap fund. As of now, you may continue with L&T fund.
As you have a large cap fund, investing in a large+Mid-cap fund like Mirae emerging.. may not be required.
It is a decent fund though.
The overlap between Mirea emerging vs ICICI Bluechip fund is almost 40%.
Thanks for the suggestion. I invested in Mirae invested emerging fund because I wanted to invest in a fund through SIP which will continue until end of 2020. Please may I as is there any mutual fund that you think I could add to my portfolio and invest through SIP (if its required)?
You may add one diversified (multi-cap) fund (or) a mid-cap based fund (if you would like to take more risk).
Kindly read :
Top 15 Best Mutual Funds to invest in 2020 & beyond | Top Performing Equity Funds
A consistent performer and a well diversified equity fund can be little riskier than a pure mid-cap fund.