Please advise on Investment Strategy

Q & A ForumCategory: Mutual FundsPlease advise on Investment Strategy
Ankeshgupta asked 9 years ago
Hi Sir, First of all I would like to say many thanks for giving valuable suggestions. I am having SIP in below funds, Please review selection of funds and suggest if there any need to switch out or its fine.
  1. ICICI PRU DISCOVERY FUND DIRECT-GROWTH Rs 1000 ( Started in Apr-16)
  2. HDFC BALANCE FUND DIRECT GROWTH Rs 2000 (Started in Jul-16)
  3. FRANKLIN TAX SHIELD DIRECT GROWTH  Rs 1000 (Started in Apr-16)
  4. FRANKLIN SMALL COMPANIES FUND DIRECT GROWTH Rs 1000 (Started in Apr-16)
  5. FRANKLIN HIGH GROWTH COMPANIES DIRECT GROWTH Rs 1000 (Started in Apr-16)
  6. AXIS LONG TERM EQUITY ELSS DIRECT GROWTH Rs 1000 (Started in Apr-16)
  7. ICICI LONG TERM EQUITY DIRECT GROWTH PLAN Rs 1000 (Started in Apr-15)
  8. RELIANCE TAX SAVER DIRECT GROWTH Rs 1000 (Started in Apr-15)
  9. ICICI LONG TERM PLAN DIRECT GROWTH Rs 3000 (Started in Aug-16)
  10. MIRAE EMERGING BLUE CHIP DIRECT GROWTH Rs 1000 (Started in Apr-16)
I would like to withdraw Rs 5 lacs after 3 yrs and rest i will need after 15 yrs. Secondly after demonetization market slips so would like to know out of above mentioned SIP in which SIP will be best option to invest lump sum amounts in down trend scenario. Need your expert views Sir. Thanks a lot.
1 Answers
Sreekanth Staff answered 9 years ago
Hi, You may try to trim down your portfolio  a bit after analyzing portfolio overlaps among these funds. Kindly read: http://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ If your investment horizon is 15+ years, you may invest additional amounts in funds like ICICI Value discovery, Franklin Smaller cos fund or Mirae Asset Emerging fund...
Scroll to Top
Secret Link