I am 40 years old. My ongoing MFs:

1. HDFC Balanced Advantage Fund (D)
2. DSP Tax Saver Fund -
3. Axis Multicap Fund -
4. Axis Bluechip Fund -
5. Nippon India Small Cap Fund (G)
6. ICICI Prudential Value Discovery Fund (G)
7. DSP Small Cap Fund - Regular Plan (G)
8. HDFC Mid-Cap Opportunities Fund (G)
9. UTI Nifty Next 50 Index Fund
10. UTI Transportation and Logistics Fund (G)

Investing since 4 years around 50 K per month. Please suggest which one to be stopped from the above and which MF should be added ??

Ans: 1, 2, 3 are fine; please continue; Kotak Bluechip can be considered instead of Nippon and similarly UTI Small Cap can be considered for L&T

For fresh Investment any one of below can be considered

DSP Quant Fund – Growth

UTI Flexi-Cap – Growth

Motilal Focused 25 Fund – Growth

Ans: You may continue in 1,2,3 & 5 and for additional investment either of the below can be considered

a)   UTI Flexi Cap – Growth

b)  Parag Parikh Flexi- Cap Growth

Ans: Please continue; however there are to many funds….

Ans: Given your desire for aggressive growth in the next 3 years, it's crucial to assess your current mutual fund holdings and make informed decisions. Here are some considerations:

Performance Review: Evaluate the performance of your existing funds over the past few years. Look at their consistency, returns, and how they have performed during different market cycles.
Risk Appetite: Consider your risk tolerance and whether your current funds align with your risk profile. Aggressive funds typically carry higher risk, so ensure you are comfortable with potential volatility.
Diversification: Check the diversification of your portfolio across different fund types (large cap, mid cap, small cap) and sectors. A well-diversified portfolio can help mitigate risk.
Expense Ratio: Assess the expense ratio of your funds, especially if they are regular plans. Direct plans generally have lower expense ratios, which can significantly impact returns over the long term.
Exit Loads and Tax Implications: Understand any exit loads or tax implications associated with redeeming your existing investments, especially if they are less than 3 years old.
Consideration of Direct Plans: Switching to direct plans can save on expenses in the long run, potentially boosting returns. However, ensure you are comfortable with managing your investments independently or seek the assistance of a fee-based advisor.
After considering these factors, you can decide whether to continue with your current holdings, reallocate investments, or explore new funds that align better with your goals and risk appetite. It's essential to periodically review your portfolio and make adjustments as needed to stay on track with your financial objectives.