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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Oct 17, 2022

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Vivek Question by Vivek on Oct 17, 2022Hindi
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I am 43 years old and ventured into MF and equity space a little later in life. Have been investing diligently for the last 6+ years. Please find below my existing portfolio for MFs. I feel I should reduce the number of funds or at least consolidate some of them as there is an overlap between the bluechip ones.

Would like your thoughts/advice on the same. Response is much appreciated. Thank you.

SIPs in progress

Axis Bluechip Fund - Direct Plan (G) - 5000

ICICI Prudential Bluechip Fund (G) - 5000

ICICI Prudential US Bluechip Equity Fund - Direct Plan (G) - 5000

Mirae Asset Emerging Bluechip Fund - Direct Plan (G) - 6000

Navi Nifty 50 Index Fund - Direct Plan (G) - 5000

Navi Nifty Next 50 Index Fund - Direct Plan (G) - 5000

Parag Parikh Flexi Cap Fund - Direct Plan (G) - 5000

SBI Blue Chip Fund (G) - 5000

Axis Mid Cap Fund - Direct Plan (G) - 5000

DSP Mid Cap Fund - Direct Plan (G) - 5000

L&T Midcap Fund (G) - 5000

SBI Small Cap Fund - Regular Plan - (G) - 5000

SIP Discontinued

HDFC Mid-Cap Opportunities Fund (G)

HDFC Childrens Gift Fund - Investment Plan 

HDFC Top 100 Fund (G)

Ans: In bluechips, please continue with ICICI Pru Bluechip fund growth

Most of the funds are decent!

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Sep 19, 2022

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I started investing in mutual fund back in 2006 with very small SIP amounts and I am 41 now. Currently, I have a MF corpus of approx 30 lakh, with SIP investments in following schemes, though i myself feel i have invested in multiple fund houses or similar portfolios and need your help or guidance with consolidation and then keep a target of 2.5 to 3 crore in next 15 years through Mutual fund only. Currently I am investing 32500 per month through SIPs only. Sr No Fund Name Start Date Amount 1 HDFC Top 100 Fund Growth 20-Sep-06 1000 2 HDFC Top 100 Fund Growth 05-Dec-13 1000 3 SBI BlueChip Fund Regular Growth 25-Apr-16 1000 4 ICICI Prudential Value Discovery Fund Growth 22-Jul-16 1000 5 Kotak Flexicap Fund Growth 23-Aug-17 1000 6 IDBI India Top 100 Equity Regular Fund Growth 05-Jan-18 1000 7 L&T Hybrid Equity Fund Growth 06-Dec-18 1000 8 L&T Hybrid Equity Fund Growth 07-Jan-19 1000 9 Indiabulls Equity Hybrid Fund Regular Growth 12-Mar-19 1000 10 HDFC Mid-Cap Opportunities Regular Fund Growth 01-Jul-19 1500 11 SBI Magnum MidCap Regular Fund Growth 01-Jul-19 1000 12 ICICI Prudential Bluechip Direct Fund Growth 01-Jul-19 1000 13 HDFC Top 100 Fund Growth 27-Oct-19 1000 14 HDFC Hybrid Equity Fund Growth 27-Oct-19 1000 15 Axis Midcap Fund Direct Plan Growth 16-Dec-20 1000 16 Canara Robeco Equity Hybrid Fund Direct Plan Growth 17-Dec-20 1000 17 SBI Magnum Global Fund Direct Growth 17-Apr-21 1000 18 HDFC Flexi Cap Fund Direct Plan-Growth 17-Apr-21 1000 19 Motilal Oswal Focused 25 Direct Growth 17-Apr-21 1000 20 HDFC Flexi Cap Fund -Direct Plan - Growth Option 17-Apr-21 1000 21 SBI Flexicap Fund Direct Growth 17-Apr-21 1000 22 Motilal Oswal Flexi Cap Fund Direct Plan Growth 24-Jun-21 1000 23 Tata Quant Fund Direct Fund 30-Jun-21 500 24 Aditya Birla Sun Life India Gennext Fund Direct Plan Growth 01-Jul-21 1000 25 ICICI Prudential FlexiCap Fund Direct Growth 05-Jul-21 500 26 Mirae Asset Large Cap Fund Direct Plan Growth 01-Sep-21 1000 27 IDFC Corporate Bond Fund Direct Plan Growth 22-Sep-21 1000 28 ICICI Prudential NASDAQ 100 Index Fund Direct 27-Oct-21 1000 29 HDFC Corporate Bond Fund -Direct Plan - Growth Option 09-Dec-21 1000 30 Aditya Birla Sun Life Corporate Bond Fund Direct Plan Growth 09-Dec-21 1000 31 TATA Digital India Fund Direct Growth 25-Dec-21 1000 32 Parag Parikh Flexi Cap Direct Growth 25-Dec-21 1000 33 Kotak Gilt-Investment Fund Provident Fund and Trust-Growth Direct 28-Dec-21 1000
Ans: The funds that can be continued are 15, 16, 26, 27, 28, 29, 30, 32 and 33; 27, 29, 30, and 33 being debt funds and 15, 16, 28 and 32 being equity funds.

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Nikunj

Nikunj Saraf  | Answer  |Ask -

Mutual Funds Expert - Answered on Oct 10, 2022

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My age is 27 and i am planning for my retirement so i am investing 20K every month in sip and will step up 10% every year . I am expecting 15% return on my investments. I started investing in MF from march 2022 and I have also investing 10K in EPF and 1.5 L in LIC. I have added all my mutual funds below , please reveiw and share ur opinion. If it’s over diversified suggest me which fund i need to remove from my portfolio. Small cap funds – 4( 6500 ) 1. Axis Small Cap Fund Direct Growth-2000 2. Kotak Small Cap Fund - Direct Plan - Growth (Erstwhile Kotak Mid-Cap) -1500 3. NIPPON INDIA SMALL CAP FUND - DIRECT -1500 4.Quant Small Cap Fund - Direct Plan Growth -1500 Mid cap Funds – 4 (4500) 1. PGIM India Midcap Opportunities Fund - Direct Plan – Growth- 1000 2. Quant Mid Cap Fund – Growth -1500 3. Invesco India Midcap Fund - Direct Plan Growth -1000 4. Axis Mid Cap Fund - Direct Growth -1000 Blue chip & Growth -2 (2500) 1. Mirae Asset Emerging Bluechip Fund - Direct Plan-1500 2. Axis Growth Opportunities Fund Direct Growth -1000 Sectorial Diversification -6 (4500) 1. ICICI Prudential Technology Fund - Direct Plan – Growth - 1000 2. ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct Plan Growth -500 3. ICICI Prudential Banking and Financial Services Fund - Direct Plan – Growth -500 4. Mirae Asset Great Consumer Fund - Direct Plan -1500 5. Quant infrastructure fund - 1000 US market (2500) 1.    Navi US Total Stock Market Fund of Fund Direct Plan Growth – 2500
Ans: Hello swami. The detailed overview of your MF portfolio indicates over-diversification with 20k SIP. Hence, I would suggest reconsidering, pruning, and reshuffling your portfolio. 

As part of the portfolio reshuffle, make sure to have AMC diversification as well.

Limit yourself to 1-2 schemes in each category.

I can see several schemes in different categories for each AMC. I recommend reconsidering the scheme for Navi US scheme to better scheme in same category.

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Ramalingam

Ramalingam Kalirajan  |6984 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 29, 2024

Money
Hi experts, I am still waiting for a response to my question which I asked on 5th July. Please revert Hi expert, over the years I have been investing in mutual. 90% of the funds are the lumpsum amounts which I invested in 2007. A few I have been investing in sip since the last 3-4 years. I want to consolidate and work on having few mutual funds than having many which give varied returns. It will be great if you can help me to ascertain which I can keep and which I can let go DSP-BR India TIGER - RP (D) DSP-BR Top 100 Equity - RP ICDW (D) Franklin India flexi cap fund - IDCW "HSBC Large Cap Fund - Regular IDCW (Formerly known as HSBC Large cap - L&T India Large Cap Fund (D)" Nippon India Growth Fund IDCW plan Nippon India Power and Infra fund SBI Magnum Midcap Fund (D) "SBI Contra Fund (D) SBI Magnum Sector Funds Umbrella Contra" Sundaram Large cap fund regular - IDCW Sundaram Large cap fund regular - IDCW "HSBC Progressive Themes (D) HSBC Advantage India Fund" HDFC Infrastructure Fund (D) Edelweiss Mid Cap Fund (Regular Plan - IDCW Option - Payout) Sundaram Diversify equity fund - Regular - IDCW EBRG - Mirae Asset Large and Midcap fund (formerly known as Mirae asset emerging blue-chip fund) - SIP HDFC Children's gift fund - Regular plan (Lock in) - SIP I looking to build my portfolio by having few mutual funds with extra money in them rather than having many mutual funds and less money in each. Kindly help me out with suggestions
Ans: Reviewing Your Current Portfolio
You have invested in many mutual funds since 2007. Let's streamline your portfolio to focus on a few high-performing funds.

Evaluating Fund Categories
Large Cap Funds
HSBC Large Cap Fund - Regular IDCW
DSP-BR Top 100 Equity - RP ICDW (D)
Sundaram Large Cap Fund Regular - IDCW
SBI Contra Fund (D)
Large Cap funds provide stability and steady growth. Keep funds with consistent performance.

Flexi Cap Funds
Franklin India Flexi Cap Fund - IDCW
Flexi Cap funds offer a balanced approach. They invest across large, mid, and small caps. Retain those with a strong track record.

Mid Cap Funds
SBI Magnum Midcap Fund (D)
Edelweiss Mid Cap Fund (Regular Plan - IDCW Option - Payout)
Mid Cap funds offer higher growth potential but come with higher risk. Retain the best performers.

Sector/Thematic Funds
Nippon India Power and Infra Fund
HDFC Infrastructure Fund (D)
HSBC Progressive Themes (D)
HSBC Advantage India Fund
Sector funds focus on specific industries. They can be volatile. Evaluate their performance and market outlook.

Diversified Equity Funds
DSP-BR India TIGER - RP (D)
Sundaram Diversify Equity Fund - Regular - IDCW
These funds invest in various sectors and companies. Retain those with strong, consistent returns.

Large and Mid Cap Funds

Mirae Asset Large and Midcap Fund (formerly Mirae Asset Emerging Bluechip Fund) - SIP
These funds balance between stability and growth. They are a good addition for diversification.

Children's Funds
HDFC Children's Gift Fund - Regular Plan (Lock-in) - SIP
These funds have a specific goal in mind. They are usually kept for a longer-term investment.

Consolidation Strategy
Reduce Overlap
Consolidate Large Cap funds. Choose one or two top performers.
Reduce the number of Sector funds. Focus on those with a positive outlook.
Keep the best-performing Mid Cap funds. Avoid too many in this category.
Focus on Performance
Retain funds with strong historical performance and potential.
Let go of funds with inconsistent returns or underperformance.
Allocate More to High Performers
Invest more in top-performing funds. This enhances returns and reduces management complexity.
Avoid spreading investments too thin across many funds.
Consider Fund Management Style
Opt for actively managed funds. They offer the potential for higher returns.
Avoid index funds due to their passive nature and lower flexibility.
Benefits of Regular Funds
Investing through an MFD with CFP credentials provides guidance.
Regular funds offer support and advice, unlike direct funds.
Suggested Actions
Large Cap and Flexi Cap Funds
Retain top-performing Large Cap and Flexi Cap funds. They provide stability and balanced growth.
Mid Cap and Sector Funds
Focus on the best-performing Mid Cap funds.
Retain Sector funds with positive outlooks. Evaluate their potential in the current market.
Diversified Equity Funds
Keep diversified funds with consistent returns. They provide broad exposure and reduce risk.
Children's Funds
Maintain investments in children's funds. They are aimed at long-term goals.
Final Insights
Streamlining your mutual fund portfolio is essential. Focus on a few high-performing funds. Consolidate your investments for better returns and easier management. Opt for actively managed funds and regular funds through MFD with CFP credentials. This strategy will help you achieve your financial goals effectively.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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Anu Krishna  |1281 Answers  |Ask -

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Help me!!! 1.I'm starting new "work" on my own(challenging for me) but my mind says quit it, be quite & do nothing. I myself don't know that wether the result of work will be +ive or uncompleted like alws. 2. My mind has become like order seeker type, when someone orders me, I do those things with dedicated(but sad from inside) manner. But when myself will try something different(which i fear, but necessary) then. "I QUITS IT" & sometimes I don't even start. 3. I'm like stuck no clue what/whom I want to do in life, I'm in cllg(1 yr) doing (CSE) ,. 4. I want to do/try (sports,talking girls,study,stocks,coding..) many things, but myself, my thoughts(overthinker), R like just be in the place where u are[confused,po*n,think about past/future(being billio..re,olympics..), girl (that u liked & never talked), abusive/beating self,.. sometimes feels like end life, but don't hv courage for that also.. 5. I tried self help books, spirituality, god, self affirmation, writing... & thay affected me(sometimes) but for only some time, then again that devil me comes up &these things never get completed. As no one in my family knows about all these, so that's Y ,I hv to fight/loose/try again, the battles with myself.
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If in the past you have had the urge to QUIT, how is this time going to be different? This is not to discourage you from taking up 'new work' but pointing out that there is some amount of work that you need to put to clear the mind out of blockages.
-What is limiting you?
- What is the reason for putting off things?
- What comes first to the mind when you start something new?
Also, focus on one thing at a time; study and go deep into it...what's this thing with work? I don't understand. When the mind is unsettled, take one thing/activity, pursue it and finish it. It could simply be studying for Year 1 of your college...just only do that...once your mind is trained in completing an activity, you can add another one the next year along with studying and then pursue both...it could be some sport and studying...then the next year, you could add a third activity. This is called 'training the mind in discipline'. Discipline will make sure that you start and finish things...So, go slow and do one thing at a time.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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