i have invested in these funds with the goal of wealth creation as i have not any responsibility from family yet.
I have invested around 30lakhs in 11 different funds. Some of them are lumpsum, some set as STP, some of them i have stopped as sip but haven’t redeemed, and 1 fund as SIP still running
Sbi mag multicap 2Lakh
Sbi bluechip 50k (stopped sip 2k per month)
Sbi mid cap 50k (stopped sip 2k per month)
Icici pru equity and debt fund 10lakh
Icici pru liquid fund 3lakhs (stp out)
Icici pru Regular savings fund 3lakhs
Icici pru value discovery fund 2lakhs (stp in)
HDFC hybrid and equity fund 5lakhs
ABSL equity advantage fund – 30k
ABSL Regular savings fund – 3lakhs
Franklin ind smaller companies fund – 3k per month sip
* I want to ask can i simplify my portfolio by removing some funds as i have read your few articles and thought these are too many funds.
* Also i have like 10lakhs in my savings bank account and want to invest in mf as liquid funds are better option than saving account so is it correct decision?
Thank you !
May I know your
Investing in too funds may not be really beneficial.
You may retain one multi-cap, one large-cap, one mid/small cap and one hybrid fund from your portfolio.
Ex : SBI multicap, SBI bluechip, Franklin Smaller cos fund and HDFC Hybrid Equity.
Liquid fund you may continue to hold on to.
Kindly note that returns are not THE priority when it comes to Liquid funds. There are periods/cases where they can give negative returns, but in most of the scenarios they can give better returns than Savings account.
Related articles :