Portfolio Overlap - Q & A Forum

Q & A Forum › Category: Investments › Portfolio Overlap

Thothathiri asked 8 years ago

Hi Sreekanth, I had started below two SIP (both Rs 2000 each) of same Fund house, for a time horizon of 3 to 4 years Mirae Asset Emerging Blue chip fund - 3 months back Mirae Asset India Equity Fund - 2 months back I had compared the Portfolio overlap and found 50% (due to same fund house) Can I continue both? Thanks for your advice Regards Thothathiri

3 Answers

0 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Dear Thothathiri, If your investment time-frame is around 3 years, it can a very risky affair to invest in Regular equity funds. Due to SEBI's new norms on Categorization of MF schemes, Mirae has proposed some fundamental changes to Scheme attributes as well. Suggest you to kindly go through them. Kindly visit @ https://www.miraeassetmf.co.in/downloads/addendum. Also read : https://www.relakhs.com/best-mutual-fund-schemes-sebi-norms/

0 Vote Up Vote Down

Thothathiri answered 8 years ago

Thanks Sreekanth. Can I continue this SIP for 5 to 6 for my children education expenses at later stage

0 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Hi, If your investment time-frame is around, you may consider investing in Equity oriented balanced funds instead of diversified or mid-cap funds. Related article : https://www.relakhs.com/calculate-kids-education-goal-amount/

Thothathiri replied 8 years ago

Hi Sreekanth,

Am having HDFC Balanced fund (new name HDFC hybrid Equity fund). Can you other best Balance fund. Am plan to invest for 5 years, switch from Mirae SIP to Balanced fund

Sreekanth Staff replied 8 years ago

Hi..The other balanced fund you may consider is Aditya Birla Sun Life Equity Hybrid ’95 Fund.