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.
- ICICI PRU DISCOVERY FUND DIRECT-GROWTH Rs 1000 ( Started in Apr-16)
- HDFC BALANCE FUND DIRECT GROWTH Rs 2000 (Started in Jul-16)
- FRANKLIN TAX SHIELD DIRECT GROWTH Rs 1000 (Started in Apr-16)
- FRANKLIN SMALL COMPANIES FUND DIRECT GROWTH Rs 1000 (Started in Apr-16)
- FRANKLIN HIGH GROWTH COMPANIES DIRECT GROWTH Rs 1000 (Started in Apr-16)
- AXIS LONG TERM EQUITY ELSS DIRECT GROWTH Rs 1000 (Started in Apr-16)
- ICICI LONG TERM EQUITY DIRECT GROWTH PLAN Rs 1000 (Started in Apr-15)
- RELIANCE TAX SAVER DIRECT GROWTH Rs 1000 (Started in Apr-15)
- ICICI LONG TERM PLAN DIRECT GROWTH Rs 3000 (Started in Aug-16)
- MIRAE EMERGING BLUE CHIP DIRECT GROWTH Rs 1000 (Started in Apr-16)
1 Answers
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...
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