Age: 26Yrs. I am Currently Investing 20K per Month in Following Equity MFs.
Axis Blue Chip Fund (Direct Growth)-5K (Invested-134993, Currently-152935)
Axis MidCap Fund (Direct Growth)-5K (Invested-134993, Currently-149743)
Mirae Asset(Emerging BlueChip)(Direct Growth)-2500(Invested-34998, Currently-39732)
SBI Tech Fund(Direct Growth)-2500(Invested-14999, Currently-14254)
Nippon Small Cap(Direct Growth)-2500(Invested-17474, Currently-20090)
Tata Digital(Direct Growth)-2500(Invested-24999, Currently-22893)
Kindly Suggest if these are good enough. Also if I wish to add 15% of the total Amount Extra every year, should I do it in the Existing MFs, or research and go for a new One?
Goal is Wealth Creation for the Future for studies of 2 Children(3-4Cr), House(3-4Cr) and Retirement. (Adjusted for Inflation).
Also Please Advice ‘Why sectoral/Thematic Based Funds are not recommended?’
Ans: Hello Gaurav. It’s great to see that you have started planning at such an early age. It sounds like your portfolio report is in good shape. In accordance with your requirements, the current diversification is correctly invested.
With the changing nature of the market year on year, you should first consider adding on to your existing SIPs and rearranging your portfolio. Investing in multiple portfolios is not appropriate for a portfolio.
Consider stopping sips that are below-average performers in your portfolio when you add new ones.
Sectoral/ Thematic funds are aggressive risk funds. They follow one sector or theme base companies to invest. Also, it's for the long term with a horizon of at least 8 years.
When investing in such a category, your investment proportion should not exceed 15-20% of your total investment.
