Hi i need a help to simplify my portfolio by removing some funds. I tried to contact mutual fund advisor in my City but they do not have much knowledge i feel.
ABSL regular saving fund : 282k
ABSL tax relief 96 : 37k
Axis bluechip : 200k
Axis long term equity fund : 152k
Franklin india smaller company fund : 92k
HDFC hybrid equity fund : 527k
HDFC mid cap opp fund : 5k
Icici pru equity and debt fund : 1.5M
Icici pru liquid fund 1M
Icici pru Regular savings fund 300k
Icici pru value discovery fund 203k
Mirae asset large cap fund : 51k (sip running)
Parag parikh long term equity fund : 34k (sip running)
SBI bluechip fund 180k
Sbi mag multicap fund 119k
Total investment around 4.6M
2 Answers
Hi,
Any specific reason or strategy for investing in so many MF schemes? Mos of them are lump-sum investments right?
Also, may I know your investment objective(s) and time-horizon??
Hi thank you for your reply. I have no financial responsibilities for now. Some of the funds i have invested when i was learning mutual fund investment. And i was investing in two different fund of same catagory rather than single fund. For example you can see two ELSS.
My goal is wealth generation before.. I have realised its hard to track performance of this many funds so want to decrease the number.
Also i have a question about international fund. Should we invest in international funds? I want to invest some amount in motilal oswal nasdaq 100.
Hi,
Ok.
Suggest you to trim down the number of schemes.
For example : You have 3 large cap oriented funds like SBI bluechip, Mirae large cap and Axis bluehchip. This leads to over diversification and higher portfolio overlap, which may not be really beneficial to you.
So, you can invest in one bluechip fund or move to a large cap index fund altogether. Ex : UTI nifty index fund.
You can do the same analysis with multi-cap funds and hybrid funds.
Parag parikh long term equity fund is fine and it has some international equity exposure.
Related article :
Mutual Fund Portfolio Overlap Comparison Tools
Thanks a lot. I will follow that
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