Sir following are my SIPs per month. Kindly advice.

1. Nippon india value fund- Rs. 2000/-

2. Tata Equity P/E fund- Rs. 2000/-

3. Axis focus 25 direct plan fund- 1000/-

4. Mirae asset large cap-1000/-

5. SBI equity hybrid- 500/-

6. HDFC mid cap opportunity- 500/-

7. L&T business emerging- 500/-

8. PGIM india global equity opportunity- 500/-

9. DSP world gold fund- 500/-

10. HDFC small cap- 500/-

11. Tata India Pharma& healthcare- 500/-

12. SBI bluechip- 500/-

13. SBI focus equity- 500/-

14. SBI banking and services- Rs. 500/-

Ans: Please continue

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

Ans: It's great that you're investing your monthly surplus in SIPs to build your wealth.

You have a well-diversified portfolio and the funds in your portfolio are performing well in the current market scenario. In the finance planning of any portfolio, it is also important to consider many factors, including client age, risk profile, current asset allocation, etc.

As you’re 55 years of age and already have a high allocation of equity in your portfolio, for the additional investment, I suggest you start investing in a Balanced Advantage Fund and Equity Saving Fund to make your portfolio a bit conservative.

Ans: It's great to see that you've started investing in mutual funds through SIPs. Here are some suggestions regarding your current mutual fund investments:

• Diversification: You have a good mix of funds across various categories, which is essential for diversification. It's important to spread your investments across different sectors and market capitalizations to reduce risk.

• Review Performance: Periodically review the performance of your funds to ensure they are meeting your expectations and performing in line with their peers and benchmarks.

• Consider Your Goals: Reflect on your financial goals, risk tolerance, and investment horizon to determine if your current funds align with your objectives. If you have specific goals such as retirement planning or wealth accumulation, consider adjusting your portfolio accordingly.

• Evaluate Fund Managers: Assess the track record and expertise of the fund managers managing your investments. Look for consistency in performance and a clear investment strategy aligned with your goals.

• Stay Informed: Keep yourself updated with market trends, economic developments, and changes in regulations that may impact your investments. Stay connected with your financial advisor or conduct your research to make informed decisions.

• Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) or a qualified financial advisor to get personalized advice based on your financial situation and goals. They can provide valuable insights and recommendations tailored to your needs.

Overall, while your current mutual fund portfolio appears well-diversified, it's essential to periodically review and adjust your investments based on changes in your financial situation and market conditions. By staying disciplined and informed, you can work towards achieving your financial goals effectively.

Ans: Hello;

What is the financial goal for which this investment is proposed?

Also please confirm time horizon and your risk appetite?

You certainly don't need 9 funds for 20 K sip

Please clarify on the above queries so as to guide you suitably.

Thanks;