Hi Shreekant,
Can you please help me in reviewing my profile below. I am 30 years old . All are Direct funds except the ELSS in which i have invested in Regular through a broker from past 1 year. I need to switch to Direct but unsure about the process on how to switch
3 Large Cap - 10 years
Mirae Asset India Opportunities Fund (5000)
SBI Blue Chip Fund (5000)
Franklin India BLUECHIP FUND (2000)
2 elss - 15 years
Aditya BSL Tax Relief'96 Fund (5000)
SUNDARAM DIVERSIFIED EQUITY-Regular (5000)
2 Balanced (medium) - 5years
HDFC Balanced Fund (5000)
Tata Balanced Fund for 5000
3 mid cap - 5years
Franklin India Prima Fund (2000)
Canara Robeco Emerging Equities Fund(1000)
L&T Midcap Fund(1000)
2 multicap - 5 years
Franklin India Prima Plus Fund(1000)
DSP BlackRock Opportunities Fund - Direct Plan(3000)
Please let me know for any changes that needs to be done.
Thanks,
Sushant
2 Answers
Dear Sushant,
All the above listed funds are decent ones.
Having too many funds, especially from the same fund category may not be required.
Suggest you to kindly check portfolios overlap among the funds from same fund categories (Large/Mid/Balanced/Multi-caps) and can try to trim down your portfolio a bit. Kindly read : https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
Having too many funds, especially from the same fund category may not be required.
Suggest you to kindly check portfolios overlap among the funds from same fund categories (Large/Mid/Balanced/Multi-caps) and can try to trim down your portfolio a bit. Kindly read : https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
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