Hello Shreekanth,
I wish you a happy new year 2017. I need to your guidance on my portfolio for retirement purpose for the span of 7-10 years.
In 2016, I was running SIP on HDFC Balanced, ICICI Value Discovery, ICICI Focussed Blue Chip, Reliance Equity opportunities and Reliance opportunities funds for almost 3 years.
You recommended me to remove UTI as overlap was more. Also, Reliance & UTI funds were negative returns.
So I stopped SIP and redeemed the fund for more than 1 year to avoid exit load.
Also, I started a SIP on Mirae Asset Emerging bluechip Midcap fund from Sep-2016.
As of today, I've following funds with SIP of 10K / PM and below table gives overlap analysis.
AMC
Type
Fund
A
B
C
D
HDFC BALANCED FUND
Hybrid
A
-
30%
21%
17%
ICICI PRUDENTIAL FOCUSED BLUECHIP EQUITY
Large
B
-
-
42%
14%
ICICI PRUDENTIAL VALUE DISCOVERY FUND
Diversified
C
-
-
-
11%
MIRAE ASSET EMERGING BLUECHIP FUND
Midcap
D
-
-
-
-
I've a created CAN number in MF Utility where we can invest in direct funds as well.
I'm thinking of investing in ICICI Balanced fund - Direct - Growth thru MF Utiltiy.
Now the question is that the investment of redeemed fund. Shall I equally distribute the redeemed fund to above portfolio or invest in SIP mode monthly or invest in ICICI Balanced fund or any other suggestion.
Awaiting for your response. Thanks in advance
Regards
Mukesh
2 Answers
Hi,
Wish you too a Very Happy New Year :)
The listed funds are good ones.
I am bit confused with the analysis of Overlap %, unable to understand the details.
In case, you would like to invest in one more Balanced fund, kindly check the overlap & risk stats of both balanced funds and take decision.
Kindly read:
http://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
You may consider allocating the redemption amount among Large-cap & balanced funds.
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