Hii sir, I am currently investing in following funds from last 2-3 years
Sbi bluechip-2500/-
Mirae emerging bluechip-2500/-
Axis midcap- 2500/-
Canara robeco emerging equity-1000/-
Sbi technology- 2500/-
Parag flexi cap- 4000/-
Axis small- 3000/-
Quant small cap- 5000/-
Total of 23k per month. Would just like start a new sip, so can you suggest if I can invest in index fund or any Nasdaq fund for diversification? Or my current portfolio is diversified enough? If so I will increase SIP in any of the above funds instead of new SIP? Pls suggest
Ans: Your current investment portfolio is quite diversified with exposure to large-cap, mid-cap, flexi-cap, sectoral, and small-cap funds. It's evident that you've been proactive in building a mix that aligns with your investment goals over the past 2-3 years.
Considering your query about adding a new SIP, diversifying into an index fund or a Nasdaq fund can be a good idea to add an international flavor and potentially benefit from global market movements. This can also serve as a hedge against domestic market volatility.
However, before adding a new fund, it's essential to evaluate your current portfolio's diversification. While you have a good mix of funds, assessing overlap and concentration is crucial. You might consider increasing SIPs in existing funds to maintain a balanced allocation or add a new index or Nasdaq fund for further diversification.
A Certified Financial Planner can provide personalized guidance, analyzing your current portfolio, and suggesting adjustments aligned with your financial goals and risk tolerance. Remember, diversification is key to managing risk, but it's equally important to avoid over-diversification, which can dilute returns. Best wishes on your investment journey!
