Please advise. I am 32 and have the below funds.

Please suggest should I merge any? Start new SIP?

SIP started on July 5, 2021.

Mutual Funds	Plan Type	Amount Invested
Canara Robeco Bluechip Equity Fund	Direct Growth	Rs 10,000
Canara Robeco Emerging Equities Fund	Direct Growth	Rs 10,000
PGIM India Midcap Opportunities Fund	Direct Growth	Rs 5,000
Nippon India Small Cap Fund	Direct Growth	Rs 5,000

Lump sum:

Mutual Funds	Amount Invested
Axis Midcap Fund (August 21, 2020)	50,000
Axis Small Cap Fund (February 4, 2020)	50,000
PGIM India Midcap Opportunities Fund Direct Growth (June 8, 2021)	50,000
Quant Active Fund (June 6, 2021)	50,000
ICICI Prudential Technology Fund (July 1, 2021)	50,000
Kotak Small Cap Fund (February 12, 2021)	35,000
Mirae Asset Midcap Fund (February 12, 2021)	35,000
Edelweiss US Technology Equity Fund of Fund (January 12, 2021)	30,000

Ans: You may continue with 1, 2, 3, 4, 7, 16 and 20.

 

Ans: Please continue; can be reviewed post 6 months

Ans: Continue with 1, 2, 4, 6. Switch Multicap to UTI Flexi Cap Fund – Growth, and Hybrid Equity to Motilal Oswal Equity Hybrid Fund – Growth

Ans: It's clear you've taken a proactive approach to investing, and you've built a diverse portfolio across various mutual funds. Let's assess your current holdings and provide some guidance.

Your SIPs in HDFC Defence, HDFC Multicap, HDFC Small Cap, Nippon Small Cap, and SBI Large and Mid Cap demonstrate a blend of large, mid, and small-cap exposure, which is commendable for diversification.

However, having multiple funds within the same fund house, such as HDFC, may lead to overlapping holdings and concentration risk. Consider diversifying across different fund houses to spread risk more effectively.

Your lump sum investments in HDFC Balanced Advantage, HDFC Focused 30, HDFC Manufacturing, SBI Contra, SBI PSU, and SBI Energy Opportunity Funds provide additional diversification across different investment themes and strategies.

While lump sum investments can be beneficial, especially during market downturns, it's essential to review your investment rationale for each fund and ensure they align with your long-term financial goals and risk tolerance.

Given the size of your lump sum investments, consider consulting with a Certified Financial Planner to assess if your portfolio is appropriately diversified and if any adjustments are needed to optimize returns while managing risk.

Additionally, periodically review your portfolio's performance and make necessary adjustments to stay aligned with your financial objectives and market conditions.

In conclusion, while your current investments showcase a diverse portfolio, consider diversifying across fund houses and regularly reviewing your holdings to ensure they remain aligned with your long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in