I am investing Rs 1000 in each of these mutual funds shown in the table below for last three years. Suggest whether to continue or change and if changes required which fund to invest. These are my mutual funds: 

Name of the Fund	Category	RankMF Star Rating
Invesco India Contra Fund Growth	Equity - Contra Fund	4
Canara Robeco Emerging Equities Regular Dividend
Dividend Payout	Equity - Large & Midcap Fund	2
Dividend Reinvestment	Equity - Large & Midcap Fund	3
ICICI Prudential Bluechip Fund Growth	Equity - Large Cap Fund	3
Mirae Asset Large Cap Fund Growth Plan	Equity - Large Cap Fund	4
SBI Blue Chip Fund Regular Plan Growth	Equity - Large Cap Fund	3
Axis Blue Chip Fund Growth	Equity - Large Cap Fund	4
HDFC Top 100 Fund Regular Plan - In hold now	Equity - Large Cap Fund	4
Mirae Asset India Equity Fund Dividend Plan - In hold now	Equity - Large Cap Fund	3
L & T Infrastructure Fund Growth- In hold now	Equity - Sectoral Fund - Infrastructure	2

Ans: As per your Mutual fund selcetion, you have an exposure in categories like thematic funds, flexi caps, value funds, bluechip, large and mid, mid cap, etc
The funds look okay but i would like you to consolidate your funds and select fewer funds compared to soo many funds.
You can select categories like Mid cap - 2 funds
Large and mid - 2 funds
small cap - 2 funds
consumption fund - 1 fund
MNC - 1 fund
Value fund - 1 fund
Digital fund - 1 fund

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Ans: Hello Rishikesh and thanks for writing to me. The funds you have invested in are good funds and you can continue to invest in them.

Please share your own goals, time horizon to help me recommend schemes that may be more suited for you.

Ans: Hello, as I can see the funds, I would like to suggest the category of funds you should select of your time horizon is 7-10yrs plus
Small cap - 20%
Mid cap -20%
Large and mid - 20%
Multicap -20%
Thematic fund - 10%
Funds of your choice- 10%
Ulip should be invested in by checking the cost of the ulip. If the cost is more than the mutual funds , you can avoid that

Ans: You have invested in various mutual funds for 9 months.

Your portfolio includes HDFC Transportation and Logistics Fund, Tata Multicap Fund, Tata Nifty India Digital ETF FOF, Bandhan Financial Services Fund, and Mirae Asset Multi Asset Allocation Fund.

Assessing Each Fund
HDFC Transportation and Logistics Fund

Sector-specific fund focused on transportation and logistics.
High risk due to sector concentration.
Suitable for aggressive investors.
Tata Multicap Fund

Invests across large, mid, and small-cap companies.
Diversified portfolio reduces risk.
Balanced growth potential.
Tata Nifty India Digital ETF FOF

Follows the digital sector index.
High risk due to sector focus.
Suitable for those with high risk tolerance.
Bandhan Financial Services Fund

Sector-specific fund focused on financial services.
High risk with potential high returns.
Suitable for aggressive investors.
Mirae Asset Multi Asset Allocation Fund

Invests in equity, debt, and other assets.
Balanced risk and return.
Good for moderate risk tolerance.
Recommendations
Diversification and Risk Management

Your current portfolio is diversified but has high sector concentration.

Reduce Sector-Specific Exposure: High concentration in specific sectors can be risky.
Increase Allocation in Diversified Funds: Multicap and multi-asset funds offer balanced growth and lower risk.
Actively Managed Funds vs. Index Funds

Actively managed funds aim to outperform the market.

Higher Potential Returns: Managed by experts who adjust based on market conditions.
Better Risk Management: Professionals make strategic decisions to mitigate risk.
Benefits of Regular Funds over Direct Funds

Direct funds lack professional guidance.

Expert Advice: Regular funds come with professional management.
Personalised Support: Certified Financial Planners provide valuable insights and adjustments.
Portfolio Adjustment Strategy
Continue with Balanced Funds

Tata Multicap Fund: Offers diversification and balanced growth.
Mirae Asset Multi Asset Allocation Fund: Provides stability with a mix of assets.
Reevaluate Sector Funds

HDFC Transportation and Logistics Fund: High risk; consider reducing allocation if risk tolerance is low.
Bandhan Financial Services Fund: High risk; reassess based on market conditions and risk tolerance.
Consider Alternatives to Index Funds

Tata Nifty India Digital ETF FOF: Sector-focused and passive; consider actively managed diversifed funds for better risk adjusted returns.
Regular Monitoring and Review
Review your portfolio every six months.

Assess Performance: Check fund performance and market conditions.
Seek Professional Guidance: Certified Financial Planners can provide insights and adjustments.
Final Insights
Your current portfolio has a mix of sector-specific and diversified funds.

Consider reducing exposure to high-risk sector funds.

Increase allocation in diversified and balanced funds.

Regularly review and adjust your investments with professional guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in