Please see my below portfolio advise if any change required, this investment for a long term above 5 years.

Scheme Amount

ICICI PRUDENTIAL BLUECHIP FUND - GROWTH 3000

AXIS GROWTH OPPORTUNITIES FUND - REGULAR-GROWTH 2000

NIPPON INDIA PHARMA FUND - GROWTH PLAN - GROWTH OPTION 2000

CANARA ROBECO EQUITY HYBRID FUND REGULAR GROWTH 2000

AXIS BLUECHIP FUND-GROWTH 4000

MIRAE ASSET HYBRID - EQUITY FUND - REGULAR PLAN - GROWTH 5000

ICICI PRUDENTIAL BLUECHIP FUND - GROWTH 3000

AXIS FOCUSED 25 FUND -GROWTH 2000

MIRAE ASSET LARGE CAP FUND - REGULAR - GROWTH 2000

Parag Parikh Flexi Cap Fund - Direct Plan 5000

Ans: Hello Renuka. Considering all factors, Portfolio reports sounds good except Aditya Birla Sunlife AMC and Sundaram AMC. I would recommend to reconsider the same.

Ans: Hi Amit and thanks for writing to me. The funds you invest in are good funds and you can continue to invest in them.

Ans: Redeem deactivate funds and invest in the schemes where you have already invested

Ans: Your mutual fund portfolio appears to be diversified across different fund categories, which is a good start. Here are some considerations and potential modifications to optimize your portfolio for your long-term goal of reaching 1 crore in 20 years:

Review Fund Performance:
Monitor the performance of each fund in your portfolio regularly to ensure they are meeting your expectations and aligning with your investment goals.
Consider replacing underperforming funds with better alternatives if necessary.
Asset Allocation:
Assess the asset allocation of your portfolio to ensure it is aligned with your risk tolerance and investment horizon.
Depending on your risk appetite, you may consider adjusting the allocation between large-cap, mid-cap, and small-cap funds to achieve an optimal balance of growth potential and risk mitigation.
Goal-based Investing:
Evaluate whether the selected funds are likely to generate the required returns to reach your goal of 1 crore in 20 years.
Consider using a goal-based investment approach and adjusting your investment strategy accordingly to ensure you stay on track to achieve your financial objectives.
Consider Adding Equity Diversification:
While your current portfolio includes funds across various market segments, you may consider adding further diversification by including funds from different fund houses or exploring thematic or sectoral funds.
Be cautious not to over-diversify, as this may dilute the potential returns of your portfolio.
Regular Review and Rebalancing:
Regularly review your portfolio's performance and make adjustments as needed to maintain alignment with your goals and risk tolerance.
Rebalancing your portfolio periodically can help ensure that your asset allocation remains consistent with your investment strategy.
Professional Advice:
Consider seeking guidance from a financial advisor or Certified Financial Planner who can provide personalized advice based on your individual financial situation, goals, and risk profile.
A professional can help you fine-tune your investment strategy and make informed decisions to optimize your portfolio for long-term growth.
By carefully reviewing and potentially modifying your mutual fund portfolio based on the considerations mentioned above, you can work towards achieving your goal of accumulating 1 crore over the next 20 years. Stay disciplined in your approach and continue investing regularly to maximize the growth potential of your investments.