Hope you are doing well. I read your article regarding mutual funds and wanted to check if I continue to invest in them or replace any/few of those. I started a year ago and planning to invest for another 10-15 years.

I am currently having monthly SIP (51K total) from a year and half for following funds.

Fund	Plan	Amount Invested
1. Aditya Birla Sun Life Pure Value Fund	Growth	Rs. 5000
2. Kotak Flexi cap Fund	Growth	Rs. 5000
3. Canara Robeco Emerging Equities	Regular Plan - GROWTH	Rs. 5000
4. HDFC Top 100 Fund	Growth Option	Rs. 5000
5. Parag Parikh Flexi Cap Fund	Regular Plan - Growth	Rs. 4000
6. ICICI Prudential Focused Equity Fund	Growth	Rs. 3000
7. ICICI Prudential Bluechip Fund	Growth	Rs. 4000
8. Nippon India Large Cap Fund	Growth Plan -Growth Option	Rs. 5000
9. Axis Small Cap Fund	Regular Plan - Growth	Rs. 4000
10. ICICI Prudential Smallcap Fund	Growth	Rs. 3000
11. SBI Small Cap Fund	Regular Plan - Growth	Rs. 5000
12. Nippon India Pharma Fund	Growth Plan-Growth	Rs. 3000

I am also having lump sum of 50,000 in HDFC Hybrid Equity Fund - Growth.

I want to add another 8-10K in SIP. Can you please few additional funds for the same? Your review and feedback will be very appreciable. Thank you for your time and have a nice day.

Ans: 3, 5, 7, 9, 11 and 12 are good funds

Ans: According to the data you have given, it appears that you have a Rs. 12,000/- monthly systematic investment plan (SIP) distributed across seven different mutual funds. Generally speaking, if your entire investing amount is Rs. 10 lakhs, you should invest in 6-7 mutual funds. Over-diversification can result from having too many mutual funds in your portfolio.

Regarding the recommendation on the mutual funds in your portfolio, all of them are considered to be fundamentally strong with a good track record. Investments in pure equity funds are recommended for the long term, ideally for a period of 5-7 years.

On the other hand, certain categories such as Small Cap, Mid Cap, and Sectoral funds are recommended only if you have an investment horizon of more than 7 years.

It's worth noting that two of the funds in your portfolio, namely Axis Nifty 50 Direct Plan Growth and ICICI Nasdaq Index Direct Plan Growth, are recently launched funds. As a result, they do not have sufficient track record to accurately assess their risk and reward potential.
We hope that you have made your investments based on your short-term and long-term goals, taking into consideration your risk profile.

Disclaimer:
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.

Ans: making decisions about investments can be overwhelming, especially when considering the future. It's commendable that you're taking an active interest in managing your portfolio. Remember, investing is a journey, and it's okay to seek guidance along the way. As a Certified Financial Planner, my goal is to help you navigate this journey with confidence and peace of mind.

Reflecting on your current investments and considering adjustments is a wise move. It's essential to evaluate each fund's performance, alignment with your goals, and overall portfolio diversification. While past performance is not a guarantee of future results, it can provide valuable insights into fund management and strategy.

As you explore potential adjustments, keep in mind the importance of staying diversified and monitoring your investments regularly. Don't hesitate to reach out for support or advice as needed. Remember, the journey to financial security is about making informed choices that align with your aspirations and values.