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Atul
Omkeshwar

Omkeshwar Singh Answer  |Ask -

Head, Rank MF - Answered on Sep 02, 2022

Asked on - Sep 02, 2022Hindi

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Money
Recently I have started putting money randomly into MFs w/o much guidance and study.

These are the current active MF(s):

  • Tata Digital India Fund Direct Growth -- 7500
  • ICICI Prudential Nifty Smallcap 250 Index Fund Direct -- 5000
  • SBI Ret Benefit Fund Aggressive Plan Direct Growth -- 5000
  • Axis Nifty smallcap 50 Index Fund Direct Growth -- 5000
  • Parag Parikh Tax Saver Fund Direct Growth -- 5000
  • Motilal Oswal Nasdaq 100 FOF Direct Growth -- 2500
  • ICICI Pru US Bluechip Equity Direct Plan Growth -- 5000
  • Edelweiss Greater China Equity Offshore Direct G -- 2500
  • ABirla Sunlife Nifty 50 Equal Weight Index Direct G -- 7000
  • Axis Gold Direct Plan Growth -- 5000
  • ICICI Pru S&P BSE Sensex Index Fund Direct Growth -- 7000
  • ICICI Pru Pharma Healthcare and Diag Fund Direct G -- 4000
  • Quant Infrastructure Fund Direct Growth -- 5000
  • Invesco India Infrastrucuture Fund Direct Growth -- 5000
  • Parag Parikh Flexi Cap Fund Direct Growth -- 5000
  • Aditya Birla Sunlife Tax Relief 96 Growth -- 3000
  • DSP Tax Saver Fund Regular Plan Growth -- 3000
  • Aditya Birla Sunlife Pure Value Fund Growth -- 3000
  • HDFC smallcap Fund Regular Growth -- 3000
  • Aditya Sunlife MNC Fund Growth -- 3000

Most of above funds I have been running for minimum 2 year now, a few for more than 5 years.

I have been managing the money for short term goals, but the long term goal from these investments is to have surplus for retirement and medical emergency in future.

Please suggest the correction and guidance to manage the portfolio.

Ans: Too many funds; cut it to 4 to 6 schemes. For medical emergency please have a medical / health insurance of Rs. 15 lakhs

(more)
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