Should I shift to direct mutual fund plans?
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Aditya Birla Sun Life Equity Advantage Fund: Rs 4,000
Aditya Birla Sun Life Equity Hybrid '95 Fund: Rs 4,000
Aditya Birla Sun Life Focused Equity Fund: Rs 4,000
Aditya Birla Sun Life Frontline Equity Fund: Rs 2,000
Aditya Birla Sun Life Mid Cap Fund: Rs 16,000
HDFC Mid-Cap Opportunities Fund: Rs 12,000
HDFC Equity Fund: Rs 10,000
Reliance Focused Equity Fund: Rs 4,000
Reliance Multi Cap Fund: Rs 4,000
Sundaram Mid Cap Fund: Rs 4,000
Reliance Small Cap Fund: Rs 2,000
Kotak Small Cap Fund: Rs 4,000
I have three queries:
Is my portfolio good? Or should I make any changes?
Should I move to direct plan?
I want to add more SIPs. Which funds should I choose?
Rishabh Parakh, Founder, Money Plant Consultancy, responds:
First of all, there are too many schemes in your mutual fund portfolio. Since you have not mentioned your goals and risk profile, review of your portfolio is not possible. Always remember that asking whether a scheme is good or not is not the right approach. The right question should be whether a scheme (or schemes) is suitable for you to achieve your financial goals. If you can design your portfolio, do your financial planning and monitor it regularly on your own, you can consider moving to direct plan. Your third query about adding more SIPs, I would strongly suggest to you to restructure your portfolio after a comprehensive financial planning and replace the schemes that don’t fit your goals. Also, do not keep more than six to seven schemes in your portfolio.