I am 38 and I have invested in some MFs through SIPs and below are my active and stopped funds.

1. Principal Personal Tax Saver Fund -- Regular Plan, Growth: Rs 5,000 SIP (Active)

2. ABSL Tax Relief '96 Fund-ELSS -- IDCW-DIR Payout: Rs 1,000 SIP (Active)

3. Nippon India Tax Saver (ELSS) Fund -- IDCW-DIR Payout: Rs 1,000 SIP for 8 years (Stopped)

4. Tata India Tax Savings Fund Direct Plan -- IDCW: Rs 2,000 SIP (Active)

5. DSP Tax Saver Fund: Rs 1,000 SIP for 3 years (Stopped).

6. Franklin India Flexi Cap Fund -- Direct (Erstwhile Franklin India Equity Fund): Rs 1,000 SIP for 3 years (Stopped).

My plan is to invest an overall Rs 10,000 monthly SIP.

Kindly suggest if the current folio is correct or I need to stop some current (1, 2 & 4) and start stopped SIP (3,5 & 6).

Ans: Except the first one, you can continue the rest!

Ans: Except the first one, you can continue the rest!

Ans: Except the first one, you can continue the rest!

Ans: 4 and 5 star funds can be continued, rest to be reconsidered

ELSS:

1.  Canara Robeco Equity Tax Saver Fund - Growth
2. Axis Long Term Equity Fund - Growth
3. Motilal Oswal Long Term Equity Fund – Growth

Equity - Large Cap Fund:

• Mirae Asset Large Cap Fund – Growth
• Axis Bluechip Fund – Growth
• LIC Largecap Fund – Growth

Small Cap:

• Kotak Small Cap fund – Growth
• Axis Small Cap fund - Growth

Ans: You've built a diverse portfolio with a mix of systematic investment plans (SIPs), lump-sum investments, and other financial instruments, showcasing your commitment to long-term wealth creation. Let's review your current holdings and make strategic adjustments to align with your financial goals:
1. SIP Review:
• Evaluate the performance and suitability of each SIP based on your investment objectives and risk tolerance.
• Consider consolidating or exiting SIPs with underperforming funds or overlapping strategies to streamline your portfolio.
2. Lump-Sum Investments:
• Assess the performance and outlook of your lump-sum investments to ensure they complement your overall investment strategy.
• Consider rebalancing or exiting investments that no longer align with your investment goals or risk profile.
3. Portfolio Rebalancing:
• Rebalance your portfolio to maintain an optimal asset allocation and manage risk effectively.
• Consider reallocating funds from underperforming or overweight sectors/funds to sectors/funds with better growth potential.
4. Exit Strategy:
• Identify funds or investments that are not performing as expected or do not align with your investment strategy.
• Develop an exit strategy to liquidate such investments gradually while minimizing any potential impact on your overall portfolio returns.
5. Alternative Investments:
• Explore alternative investment options such as debt instruments, real estate investment trusts (REITs), or international funds to diversify your portfolio further.
• Consider adding exposure to sectors or asset classes that offer growth potential while mitigating downside risks.
6. Risk Management:
• Review your risk management strategy to ensure adequate protection against market volatility and unforeseen events.
• Consider enhancing your insurance coverage, particularly health and life insurance, to safeguard your financial well-being and protect your loved ones.
7. Financial Planning:
• Continuously monitor your financial plan and make necessary adjustments based on changes in your life circumstances, financial goals, and market conditions.
• Consult with a Certified Financial Planner (CFP) to receive personalized advice and guidance tailored to your specific financial situation and objectives.
Remember, investing is a dynamic process, and periodic review and adjustment are essential to stay on track towards achieving your financial goals. By taking a proactive approach and making informed decisions, you can optimize your investment portfolio and work towards building long-term wealth and financial security.