Mirae Asset Emerging Bluechip Fund: Rs 10,000
Motilal Oswal Long Term Equity Fund: Rs 5,000
Axis Bluechip Fund: Rs 4,000
Motilal Oswal Multicap 35 Fund: Rs 3,000
Axis Focused 25 Fund: Rs 3,000
DSP Small Cap Fund: Rs 2,000
My aim is long term capital appreciation. I have an investment horizon of 15 years.
I have also invested Rs 1,50,000 in Edelweiss Mid Cap Fund. I am planning to re-start an SIP of Rs 3,000 per month in the scheme.
I have also invested Rs 85,000 in Nippon India Multi Cap Fund. Its current value is Rs 2,40,000. Should I redeem my investment and top up in any of the current mutual funds? What will be the LTCG implications?
Vishal Dhawan, Founder, Plan Ahead Wealth Advisors, responds:
You have a diversified mutual fund portfolio. As you have an investment horizon of 15 years, you can exit the Reliance Multicap Fund (now, Nippon India Multi Cap Fund) even though it has a good track record, to diversify a part of your portfolio in international funds like Franklin India Feeder Franklin US Opportunities Fund and an index fund like the HDFC Index Fund Nifty 50 Plan. It will help you to reduce the overall cost of the portfolio. You can also start your SIP in Edelweiss Mid Cap Fund.