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Can I continue with these mutual funds?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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Last Updated: Feb 21, 2020, 10.12 AM IST
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If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

I have invested in a few mutual funds:

Aditya Birla Sun Life Manufacturing Equity Fund: Rs 1,000/month
Aditya Birla Sun Life Banking & Financial Services Fund: Rs 3,000/month
HDFC Top 100 Fund: Rs 1,000/month
Axis Bluechip Fund: Rs 1,000/month
Motilal Oswal Long Term Equity Fund: Rs 2,000/month
Motilal Oswal Multicap 35 Fund: Rs 1,000/month
ICICI Prudential Infrastructure Fund: Rs 2,000/month

Are these mutual funds good or should I change them for better returns?
- Indrajit Singha

Prableen Bajpai, founder & managing partner, Finfix Research & Analytics, responds:
Though you have listed the names of funds, you have not mentioned your financial goals, timeline, or your risk appetite. Your portfolio has two large cap funds, one tax-saving fund, one multi-cap fund, two sectoral funds and one thematic fund. Usually, sectoral or thematic funds tend to be riskier than diversified funds since the exposure is concentrated towards a sector or theme. It is advisable to allocate a smaller sum to these funds and consider them as the satellite portfolio, and not the core.

You must set your financial goal. This will help you to arrive at the amount of money needed and time to achieve the goal. These factors would influence your risk-taking ability. Only when all these variables are known, one can accurately comment on the suitability of these funds in your portfolio.

(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

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