I have following monthly SIPs. Kindly advise should I continue in them:

DESCRIPTION	Monthly SIP
IDFC Large Cap Fund Growth	5000.00
NPPON INDIA BALANCED ADVANTAGE FUND	5000.00
UTI Master share Unit scheme Regular Growth	5000.00
SBI Small Cap Fund regular Growth	5000.00
Kotak Standard Multicap Fund	1000.00
Mirae Asset Global Investment India pvt. Ltd	1000.00
Aditya Birla Sun Life Digital India Fund - Growth-Regular Plan	2000.00
Aditya Birla Sun Life Multi-Cap Fund Regular Growth	2000.00
Aditya Birla Sun Life Flexi Cap Fund - Growth-Regular Plan	2000.00
Aditya Birla Sun Life Equity Advantage Fund - Growth-Regular Plan	2000.00
Aditya Birla Sun Life Frontline Equity Fund -Growth-Regular Plan	2000.00
Canara Robeco	1000.00
Aditya Birla Sun Life Digital	1000.00
ICICI Prudential Technology	1000.00

Ans: Please continue

Ans: Funds are good but too many funds are there in portfolio, exit from 4 and 9 rest is fine.

Ans:

Ans: These are good funds, please continue.

It's better to do an STP of 3-6 months instead of putting all the money at once via a lumpsum.

 

Ans: Evaluation of Existing SIP Portfolio and Potential Addition

Current Portfolio Review:

Your current SIP investments in Mirae Asset Tax Saver Fund, Parag Parikh Flexi Cap Fund, Motilal Oswal Midcap Fund, Nippon India Small Cap Fund, and Quant Small Cap Fund reflect a well-diversified approach across different market segments. These funds cater to varying risk appetites and have the potential for long-term wealth creation.

Assessment of Continuing SIPs:

Mirae Asset Tax Saver Fund:

This ELSS fund offers tax benefits under Section 80C of the Income Tax Act and has a track record of delivering consistent returns.
Given your investment horizon of 15-20 years, continuing SIPs in this fund can be beneficial for wealth accumulation while availing tax benefits.
Parag Parikh Flexi Cap Fund:

Known for its global diversification strategy and focus on quality stocks, this fund is suitable for long-term wealth creation.
The fund's flexible allocation across market caps provides stability and growth potential, making it suitable for your investment horizon.
Motilal Oswal Midcap Fund:

Midcap funds tend to be more volatile but offer higher growth potential over the long term.
Considering your extended investment horizon, continuing SIPs in this fund can help capture the growth opportunities presented by mid-cap stocks.
Nippon India Small Cap Fund and Quant Small Cap Fund:

Small-cap funds have the potential for significant growth over the long term but come with higher volatility.
Since you have a long investment horizon, maintaining SIPs in these funds can capitalize on the growth potential of small-cap stocks.
Potential Addition:

Considering adding SBI Contra Fund to your portfolio merits evaluation. Here's why:

Contrarian Approach: SBI Contra Fund follows a contrarian investment strategy, investing in stocks that are undervalued or out of favor.
Diversification: Adding this fund can further diversify your portfolio, as it focuses on stocks across market caps and sectors.
Potential Upside: The fund's contrarian approach can lead to outperformance during market cycles, complementing the growth-oriented nature of your existing SIPs.
Conclusion:

Continuing SIPs in your current portfolio funds align well with your long-term investment horizon of 15-20 years. Additionally, considering the potential benefits of SBI Contra Fund and its diversification advantages, adding it to your portfolio can enhance diversification and potentially boost returns over the long term.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in