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Do I need to make changes to my mutual fund portfolio?

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

ET Online|
Nov 22, 2019, 02.58 PM IST
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I am investing in the following mutual funds:
Mirae Asset Tax Saver Fund: Rs 2,000
Axis Long Term Equity Fund: Rs 2,000
Mirae Asset Emerging Bluechip Fund: Rs 1,000
Mirae Asset Large Cap Fund: Rs 1,000
Mirae Asset Short Term Fund: Rs 2,000
SBI Banking & Financial Services Fund: Rs 500

Could you please review my portfolio and suggest changes if required?
--Mahesh Sinare

Subir Jha, Founder, Buckspeak, A Hyderabad based wealth management firm, responds:

Your mutual fund portfolio has a significant exposure to one particular fund house, which should be reduced. Overall, one should not have more than 25-30% exposure to a particular fund house. You may consider replacing Mirae Asset Large Cap Fund with ICICI Prudential Bluechip Fund. The change I am recommending is purely from a risk management perspective.

Also, don’t just look at the short-term performance (1-3 years) of equity mutual funds, but look for consistent performance across cycles.

This recommendation is based on incomplete information. I am assuming that you have got your risk profiling completed.
(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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