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My Latest Mutual Fund Portfolio | My Equity MF Picks

Investing is easy! Figuring out ‘where to invest’ is the hard part. Irrespective of my quantum of earnings, I have been judiciously saving money for making investments.

As I opined, it can be a challenging task to identify right financial investments. I too learnt the investment lessons the hard way only.

I have been investing in Equities since 2003 and Mutual Funds from 2009 onwards. A major chunk of my investible surplus now goes towards mutual fund investments for two of my important financial goals i.e., my Son’s higher Education (six years to go) and my retirement (wealth accumulation).

Below is the investment planning process that I follow without fail for my financial goals.

Financial Goal Planning – Investment Planning Process

My Latest Mutual Fund Portfolio

My previous article on ‘my MF picks‘ (published in June, 2015) I had mentioned below mutual fund schemes as part of my portfolio;

  • Short Term Goal
    • Aditya Birla Sun Life Regular Savings Fund (erstwhile Aditya Birla MIP II Wealth 25 Plan)
  • Medium Term Goal(s)
    • HDFC Hybrid Equity Fund (erstwhile HDFC Balanced Fund)
  • Long Term Goal
    • Axis Long Term Equity Fund
    • TATA Balanced Fund
    • UTI Mid-cap Fund

Over the last 4 years, I have redeemed units of Birla Regular Savings Fund and utilized the proceeds, have redeemed units of TATA Balanced fund and re-invested in HDFC Hybrid Equity Fund.

I have also moved out of UTI Mid-cap Fund and started investing in Franklin Smaller Companies Fund since May, 2016. (Kindly note that I have remained invested for more than 6+ years in TATA & UTI fund before churning my portfolio).

I have very recently added UTI Nifty Next 50 Index Fund to my portfolio (from May 2019).

So, my existing mutual fund portfolio has below investments..

My latest Mutual Fund Portfolio

Some more important points on my investment planning & strategy..

  • You can notice that I am currently not investing in any Debt Mutual Fund Scheme(s).
  • For Emergency Fund, we (family) used to invest in Fixed Deposits & Liquid / Arbitrage Funds. We now prefer to keep the ‘rainy day fund’ in Bank Fixed Deposits only.
  • I follow a combination of SIP + Lump sum investment strategy. Off-late, my SIP amounts are meager and prefer to invest additional sum whenever financial markets give us an opportunity.
  • Besides Emergency Fund (Cash Fund), we also maintain a ‘Crash Fund’ to invest lump sum amount (additional investments) in MF portfolio & Equities whenever there is a market crash/downturn.
  • Whenever I review the performance of my mutual fund portfolio, I give first priority to check my overall Portfolio returns. I do not initially get too worried about the not-so-good performance of individual Fund/scheme.
  • I prefer to compare my Funds’ performances primarily with their Benchmark returns and not with its Peers. Trust me, the best performers list keeps changing every year, so the best strategy is to stick to consistent performers and also the Funds with decent ‘downside protection’.
  • I make sure that I keep an eye on ‘who are the fund managers’ of the MF schemes that I have invested in.
  • As much as possible, I make sure that overlap % among my Equity Mutual Funds is reasonable. It should be as little as acceptable because if there is a 50-70 per cent overlap then this diversification (holding multiple funds) is only optical. Actually, there is very less diversification. In case of equity, the least of overlap is more desirable. (But, do note that the Fund Portfolios do change over a period of time, so keep keep a track of overlap %.)
My Mutual Fund Portfolio Overlap Analysis

So, are these the only best Mutual Fund Schemes to invest for your financial goals? – The answer is NO. These are just my Picks.

Please note that the above mentioned Mutual fund investments are done based on my financial risk profile and goals. This article is for information & knowledge sharing purposes only. If required, kindly take help of a Registered Investment Advisor in designing a Portfolio that is based on your requirements.

Continue reading :

(Image courtesy of iosphere at FreeDigitalPhotos.net) (Post published on : 21-June-2019)

This post was last modified on July 12, 2023 11:26 am

Sreekanth Reddy

Sreekanth is the Man behind ReLakhs.com. He is an Independent Certified Financial Planner (CFP), engaged in blogging & property consultancy for the last 14 years through his firm ReLakhs Financial Services . He is not associated with any Financial product / service provider. The main aim of his blog is to "help investors take informed financial decisions." "Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. The information provided, therefore, should not be viewed as financial, legal, accounting, tax or investment advice."

View Comments

  • Hi Sree, Which fund do you recommend for a new investor, out of Kotak Standard Multipcap or Canara robeco Multicap.

  • Hi Sree,

    How do you evaluate this portfolio:

    Axis Long Term Equity
    Mirae Large Cap
    Mirae Emerging - Large and Mid cap
    HDFC Hybrid Equity
    Kotak Standard Multicap

    Do you suggest any addition/removal?

          • ThankYou, What about removing HDFC hybrid coz after few years its still giving me 3-4% return. Do we have to have a hybrid fund in a portfolio? I was thinking of removing HDFC hybrid and adding Kotak Multicap(I dont have currently) . I have these four:

            Axis Long Term Equity
            Mirae Large Cap
            Mirae Emerging – Large and Mid cap
            HDFC Hybrid Equity

          • Dear Rajni,
            I am a strong advocate of hybrid equity funds.
            Personally, i too have investments in hybrid fund.
            A MF investor can make include hybrid fund as part of his/her core portfolio.

            In most of the scenarios, hybrid funds give almost similar returns as that of typical multi-cap equity funds, but with a better risk-return trade-off.

            If you are not convinced with HDFC, you may switch to other hybrid funds..ICICI Equity/Debt, Mirae Hybrid, SBI etc.,

  • Hi Sreekanth,
    Glad that you are active to respond to all our queries and posting great finance articles that helps plenty of people.
    Keep doing it !!!

    I'm investing in below funds through SIP from last 1 year, looking forward to do for next 3-5 years

    Aditya Birla Sun Life Tax Relief 96 - 5k
    Axiz Long term equity fund - 5k
    SBI BLue chip fund - 4k

    Suggest me that do i need to modify the amount for those funds or is it good to continue in the same way?

    Also i'm planning to add one more fund (~4k), recommend which one suits for me by comparing with the existing funds?

  • Dear Sreekanth,

    Would like to hear from you about my MF portfolio (risk profile is moderate) which is as below
    My Debt part is seperate which lies mostly in one Liquid fund & one Ultra short term fund.
    Equity part
    Near future Goal (5 years) - HDFC Hybrid Equity-Direct Growth
    For long term wealth Creation - Kotak Standard Multi Cap - Direct Growth &
    Mirae asset emerging Bluchip - Direct Growth

    Confused bit regarding the overlap between these funds. Is it ok to Invest in Multicap and large and midcap MF or should i replace Mirae asset with any index fund (since i m not ok with the returns in actively large cap MFs)

    Thanks in advance.

    • Dear Prakash,
      5 year goal - Fund is fine. But, kindly do not stay invested till the 5th year, can be a risky bet. You may make partial withdrawals from this corpus before you reach your goal year and switch to safer investment avenues.

      The other two funds are fine.
      But if you want to invest in a large-cap specific fund then index fund can be a better choice - Ex : UTI Nifty Fund.

  • Dear Sreekanth,

    First of all I would like to say BIG THANK YOU for running this beautiful site.

    Now, Lets move to the query....

    I am 30 Year old male want to build wealth for my own house & daughter education in next 15-20 years.

    My daughter is 2 years old now & I can wait for next 12 to 15 years for her higher education & I need around 75 Lacs for that.

    I want to purchase a house in next 10 to 15 years & I need 75 Lacs for that.

    My mutual Fund Portfolio is as below. (Investing 23000 PM via SIP route in different funds).. Investing from last 3 years..
    1. DSP Tax Saver Fund (SIP-3000 PM)
    2. ABSL Tax Relief 96 Fund (SIP-5000 PM)
    3. ABSL Banking & Financial Services (SIP-3000 PM)
    4. HDFC Mid Cap Opportunities (SIP-3000 PM)
    5. DSP Small cap (SIP-3000 PM
    6. SBI Small Cap (SIP-3000 PM)
    7. L&T Emerging Businesses (SIP- 3000 PM)

    My question is that, Am I investing in right mutual fund.?
    Or If any correction to be done than pls suggest which mutual fund to be stopped or merged with other.

    For my retirement my Employee Provident Fund will take care.

    Best Regards,
    Nitin

    • Dear NITIN,
      Are the ELSS funds (1&2) for tax saving as well?
      Any specific reason/strategy for picking two Small cap funds?

      • Dear Sreekanth

        Yes, I am saving tax also under 80C from my ELSS funds.

        Reason for investing in small cap is for higher return as my time horizon 10+ years.

        Serial no 5,6 & 7 in my portfolio are the small cap funds. I need your suggestion on that... Should I continue with the same funds or any change/merge required in the funds.?

        Regards,
        Nitin

  • Brother,
    I want to invest in debt mutual funds (equity portfolio already running). As of now, I have extra 5 lacs which I dont need for 2-3 years. With your old debt mutual funds post (hope u will write new one shortly :) ) and my own research, I have sorted 5 debt mutual funds. Returns are almost similar but I want to diversify little bit so that is why selected 5 funds, just in case, something goes wrong.

    Valueresearchonline..

    Please click on above mentioned link - I have done Fund comparison on valueresearch.

    My priority is - safety, better return that FD/NSE & lastly most imp LIQUIDITY which we dont have in NSE and FD (early redemption charge + TDS).

    So, I wanted to ask, if u were in my situation, how would u have spitted 5 L LUMP sum amt in above funds? Which one to avoid? Which new one I can add ? (if u have any suggestion)? I mean, returns are almost similar so which funds are safest to go with. :)

    Your suggestions will be highly appreciated.

    Thanks in advance for your reply.

    Rahul

    • Dear Rahul,
      If safety is my first priority then I would invest in Bank FDs.

      In case, you wish to take some risk and are aware of the possible risks associated with debt funds and considering your investment time-frame, you may shortlist Franklin Ultra Short Bond Fund and Kotak Low Duration fund.

      But, both these funds portfolios have medium credit quality

  • Hello Sree,

    I would like to do a Lumpsum investment for 1-2 years. What type of fund do you recommend for better returns in comparison to Bank fixed deposits.

    Thanks,
    Hemant

    • Dear Hemant,
      But do note that better returns come with higher risk profile.
      You may consider an Ultra Short term Debt Fund.

  • brother, I am curious to know, on what reasons you have opted for UTI next 50 instead of UTI 50 index fund. Thx in advance!

    • Dear Rahul,
      I have opted this fund keeping in view of my overall Portfolio.
      I wanted to pick a low-cost, passive index based fund that has large+mid-capish orientation, as I came out of UTI mid-cap fund.

  • Hi Sreekanth. Thank you for sharing your portfolio. Ever since I discovered your blog, I have learned a lot about financial planning and have also shared your blog with colleagues. I am 30 years old and my financial goal is to buy my own home in 10 years and create wealth of 2 crore for retirement in 25 years. Here's my SIP portfolio:

    HDFC Hybrid Fund - Rs. 5000/- (Since 1.5 year, increased from Rs. 1500)
    SBI Bluechip Fund - Rs. 5000/- (Since 1 year)
    L&T Mid Cap Fund - Rs. 5000/- (Since 9 months)
    Mirae Emerging Bluechip Fund - Rs. 5000/- (Since 2 months)
    HDFC Small Cap fund - Rs. 5000/- (Starting next month)

    Apart from this, I invested 1 lakh lumpsum in Aditya Birla Tax Relief 96 last year and have Rs. 10 lakh in FDs. Is my portfolio looking alright?

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Sreekanth Reddy
Tags: Best Mutual Fund SchemesMF portfoliomutual fund portfolioPopular Investment Optionsportfolio overlapTop Mutual Fund Schemes
July 12, 2023

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