My Mutual Fund Portfolio - Advice required

Q & A Forum › Category: Financial Planning › My Mutual Fund Portfolio – Advice required

vj_quest asked 8 years ago

Hi, i m Vijay 28. i started Mutual fund last year, with the help of a relative. He encouraged me to invest in following funds (SIP)

L&T Tax Advantage Fund - Growth - 2000 rs permonth - 2.1% (gain)
Kotak Emerging Equity Scheme-Growth - 3000 rs permonth - 0.1%(loss)
ABSL Tax Relief '96 Fund-ELSS - Growth - 3000 rs permonth - 4.87% (gain)
Reliance Small Cap fund - Growtj - 2000 rs permonth - 1.84% (loss)

Above mentioned percentages are my current scenario of the funds. Should i continue my SIP or change the funds? Please note all the above funds are in Regular plan, after reading your blog, i came to understand the difference of regular and direct plan. I'm in the process of changing them to Direct plans. Please advice me whether to proceed with the same funds or choose new funds and start my SIPs?

2 Answers

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Sreekanth Staff answered 8 years ago

Hi, May I know your investment objective(s) and time-frame??

vj_quest replied 8 years ago

hi Sreekanth….

out of them 2 are for tax savings, and the other 2 are for 3 years financial goal (i’ve to suport my brother’s education by 2019)

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Sreekanth Staff answered 8 years ago

Hi, The ELSS Tax saving funds (1 & 3) are fine, you may continue with them for your long term goals + tax saving purposes. The 2nd and 4th funds are mid/small cap oriented funds. If your investment goal year is 1 year from now (2019) then do note that it can be very risky affair to invest in mid/small cap funds. You may switch to Bank FDs/Ultra Short Term Debt Funds.