Please review my portfolio sir my age is 27 - Parag Parikh Flexicap Fund Rs.1000 per month, Edelweiss Recently Listed IPO Fund Rs.500 per month & Motilal Oswal MSCI EAFE Top 100 Select Index Fund Rs.500 per month. For 20 years time period.

Ans: Dear Rahul
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.

My recommendation only on the past performance and anticipated future outlook of your funds is as below:-
1. Parag Parikh flexicap - Good fund. Continue.
2. Mirae Asset mid cap fund - Good fund. Continue.
3. Axis small cap fund - As below
4. Canara robeco small cap – Too many small cap funds. Retain this one. Switch out others unless ready to take very high risk in portfolio.
5. Quant small cap – As above
6. PGIM mid cap fund - Good fund. Continue.

However, do note that you are taking a very high risk in your portfolio with 2 midcap and 3 small cap funds. Do consult a financial advisor to rebalance your portfolio.

Ans: We think that the funds are well-positioned for future growth. Having exposure to mid-cap and small-cap funds is appropriate as per your age and horizon and we have assumed that you have a high risk profile.

We recommend you to stop the contribution in Axis Small Cap only because of over-diversification purpose and re-start it in Mirae Asset Large Cap Fund and to keep track the performance of your portfolio.

Also, we recommend you to maintain emergency fund with you for uncertain events.
We advise you to speak with a financial expert for individualised advice.
Good luck with your financial endeavours!