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Ans: Hello Rajesh & thanks for writing to me. I see lots of funds in your portfolio across multiple categories.

As your horizon is around 5 to 7 years, you can consider reducing exposure to pure equity funds and allocate higher amounts to hybrid funds like balanced advantage funds or multi asset/dynamic asset allocation funds.

I recommend you talk a financial planner who can understand your needs in depth to make a suitable plan for you.

Ans: You have chosen an unnecessarily large number (17) of funds to invest Rs 55,000 monthly. If you combine the underlying stock portfolio of all these funds then you would have hundreds of stocks and be running effectively a Nifty500 kind of portfolio. So no need to complicate it. In my view, just having 3-4 funds would be more than enough for your requirements. Assuming you have at least a moderately aggressive risk appetite, you can invest 10-15K in one largecap index fund, 15-20K in one flexicap/large&midcap fund, 10K in one midcap fund and remaining in smallcap fund. This allocation enough will be more than enough for your portfolio requirements

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.

Ans: Hi Rajesh and thanks for writing to me. I assume that your goal is create a corpus of Rs.1 Crore. If your investments grow at around 12% XIRR, then you need to invest around Rs.76,000 every month to achieve your goal.

While most of the funds are pure equity funds, you can consider not investing in thematic funds like Infrastructure Fund or Technology funds and instead increase your allocation to flexi cap funds.

Similarly, you can also consider not investing in a balanced advantage fund and rather invest the sum in equity funds.

Note that these suggestions are made considering that you are fine with high risks associated with equity. If you share your risk profile, I may recommend some other funds.

Ans: Hello Rajesh, thank you for writing to me. To create a corpus of Rs.1 Crore over 7 years, you need to invest around Rs.78,000 per month. Annual step ups of 10% or more will help you create a larger corpus.

On scheme selection, you can consider consolidating similar category schemes and investing in only 2 schemes in a particular category.

Ans: Hello Rajesh, it's great to hear about your plan to start investing in mutual funds through SIPs. I would say that your choice of mutual funds looks diversified and suitable for your investment horizon of 5-7 years.

Since you mentioned that you are willing to take higher risks, your choice of small-cap funds such as Canara Robeco Small Cap, Nippon India Small Cap, Quant Small Cap, and mid-cap fund like Motilal Oswal Midcap fund, is appropriate as they have the potential to generate higher returns in the long run.

In addition, you have also selected some flexi-cap funds such as HDFC Flexi Cap, Quant Flexi Cap, and Parag Parikh Flexi Cap, which can help you to diversify your portfolio and provide flexibility to invest across market capitalizations.

Moreover, your choice of balanced advantage funds such as HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund, which invest in a combination of equity and debt, can help to manage market volatility and generate stable returns.

Lastly, your choice of HDFC Retirement Savings Fund is a good option for long-term retirement planning.

Overall, I believe that your choice of mutual funds is well-diversified, and suitable for your investment horizon and risk appetite. However, it's always important to review your portfolio periodically and make necessary changes based on market conditions and your financial goals.

Ans: 2 or 3 diversified equity funds are sufficient. No need to diversify in 10 funds. You will end up buying same securities thru different funds.

Over-diversification will lead to dilution of returns.