I am 47 years old. I have a SIP investments since the last four years in the below MFs (horizon 10 years).

The mutual funds I have invested in:

Mutual Funds	Plan	Amount
Kotak Emerging Equity Fund	Regular Fund	Rs 5,000 (started August 2017)
Kotak Flexi Cap Fund	Regular Plan Growth	Rs 2,500 (started August 2017)
SBI Bluechip Fund	Regular Plan Growth	Rs 2,500 (started August 2017)
HDFC Mid-Cap Opportunities Fund	Growth	Rs 2,000 (started August 2017)
IDFC Large Cap Fund	Growth	Rs 2,500 (started August 2017)
Mirae Asset Emerging Bluechip Fund		Rs 2,000 (started August 2017)
Axis Bluechip Fund	Growth	Rs 2,000 (started August 2017)
Axis Focused 25 Fund	Growth	Rs 2,500 (started August 2017)
HDFC Index Fund	Nifty 50 Plan -- Direct	Rs 2,500 (started August 2017)
Kotak Opportunities Fund	Growth	Rs 2,500 (started December 2017 and ended Nov 2020)
L&T India Value Fund	Growth	Rs 2,500 (started February 2018 and ended July 2020)

My wife's mutual fund details:

Mutual Funds	Plan	Amount
Axis Focused 25 Fund	Growth	Rs 2,500 (started December 2019)
SBI Blue Chip Fund		Rs 2,000 (started June 2019)
Mirae Asset Large Cap Fund		Rs 2,500 (started December 2019, increased the amount to Rs 2,500 from October 2020)
ICICI Prudential Multicap Fund	Growth	Rs 1,500 (started August 2020)

Have invested in these NFOs as well:

Mutual Funds	Plan	Amount
Kotak Global Fund of Fund	Direct	Rs 1,00,000 (July 2021)
Navi Nifty Index Fund	Growth	Rs 15,000 (July 2021)

Kindly advise whether current funds are good or should switch to some other.

Ans: Funds are decent however there are too many funds in your portfolio.

Ans: Funds are good, please continue, don’t increase funds; if you need to top up, do in the existing schemes.

Ans: Creating Wealth with Aggressive Mutual Fund Investments
your commitment to building a substantial corpus for the future is commendable. Let’s assess your current mutual fund portfolio and explore ways to achieve your goal of Rs. 10 crore in the next 10 years.

Evaluating Your Current Portfolio
Current Mutual Fund Investments
Aditya Birla Sun Life Frontline Equity Fund - Growth
Aditya Birla Sun Life MNC Fund - Regular Plan - Growth
Aditya Birla Sun Life Multi-Cap Fund - Regular Plan - Growth
Axis Flexi Cap Fund - Regular Plan - Growth
Axis Focused 25 Fund - Regular Plan - Growth
DSP Small Cap Fund - Regular Plan - Growth
Franklin India Smaller Companies Fund - Growth
HDFC Mid-Cap Opportunities Fund - Growth
ICICI Prudential Equity & Debt Fund - Growth
L&T India Value Fund - Regular Plan - Growth
Mirae Asset Large Cap Fund - Regular Plan - Growth
Samco Flexi Cap Fund - Regular Plan - Growth
ICICI Prudential Value Discovery Fund - Growth
ICICI Prudential NASDAQ 100 Index Fund Direct Growth
Edelweiss Balanced Advantage Fund - Growth
Kotak Small Cap Fund - Growth
DSP Quant Fund - Direct - Growth
Portfolio Analysis
Diversity and Overlap
Your portfolio consists of a mix of large-cap, mid-cap, small-cap, multi-cap, and value funds. While this diversity can reduce risk, there may be significant overlap in holdings, especially in large-cap funds.

Performance Evaluation
Evaluate the performance of each fund over different time periods. Check if they consistently outperform their benchmarks and peers. This analysis helps identify underperforming funds.

Risk Assessment
Given your aggressive growth strategy, higher allocation to mid-cap and small-cap funds is suitable. However, it's crucial to balance this with some large-cap and multi-cap funds for stability.

Recommended Changes
Reducing Overlap
To reduce overlap, consider consolidating similar fund types. For example, choose one or two large-cap funds instead of multiple. This approach streamlines your portfolio.

Focus on Consistent Performers
Retain funds with a strong track record of consistent performance. Replace underperforming funds with those having better potential. This strategy enhances overall portfolio performance.

Suggested Mutual Funds
Large Cap Funds
Large-cap funds invest in well-established companies. They offer stability and moderate growth.

Mid Cap Funds
Mid-cap funds target companies with high growth potential. They balance risk and reward effectively.

Small Cap Funds
Small-cap funds invest in emerging companies. They offer high growth potential but come with higher risk.

Multi Cap Funds
Multi-cap funds diversify across market capitalizations. They offer balanced risk and reward.

Value Funds
Value funds invest in undervalued companies. They provide growth potential through capital appreciation.

Investment Strategy
Monthly Investment Plan
With a monthly investment of Rs. 1 lakh, allocate funds as follows:

Large Cap Funds: Rs. 30,000
Mid Cap Funds: Rs. 30,000
Small Cap Funds: Rs. 20,000
Multi Cap Funds: Rs. 10,000
Value Funds: Rs. 10,000
Annual Review and Rebalancing
Review your portfolio annually. Rebalance to maintain the desired allocation. This approach ensures alignment with your goals and market conditions.

Risks and Benefits of Direct Investing
Disadvantages of Direct Funds
Direct funds may have lower expense ratios. However, they require active management. Without expert guidance, you may miss market opportunities or take on unnecessary risks.

Benefits of Regular Funds
Investing through a Certified Financial Planner offers several benefits. They provide professional management, regular monitoring, and timely adjustments to your portfolio. This approach can lead to better long-term performance.

Conclusion
your dedication to achieving your financial goals is impressive. By optimizing your mutual fund portfolio and investing consistently, you can build significant wealth. Ensure you review and rebalance your investments regularly to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Dear Ashok,

It's wonderful to hear that you've found valuable information in the responses provided. When it comes to managing your MF portfolio, it's essential to regularly review your investments to ensure they align with your financial goals and risk tolerance. Consider factors such as fund performance, investment strategy, and your own investment objectives.

Reflect on whether the funds you've chosen are still suitable for your current circumstances and long-term goals. Are they performing as expected, or are there better alternatives available? Remember, staying informed and proactive is key to optimizing your investment journey.

As you navigate your investment decisions, always keep your financial well-being at the forefront. Seeking guidance from a Certified Financial Planner can offer personalized insights tailored to your specific needs and aspirations.

Wishing you continued success on your investment journey!