I am 41 years old and work in a private sector company. I will retire at the age of 58 years.
I have been making SIP investments as listed below.
My object is long term fund accumulation.
In my family I have parents, my wife and two kids (12 and 6 years).
Please guide for any further addition in SIPs upto Rs 8K to Rs 10K. Also advise if I should stop any of the SIPs.
| Mutual Fund - Through monthly SIP | SIP Per Month | Number of yeas invested |
| 1. SBI Small Cap Fund Regular Growth | Rs 2,500 | 2 |
| 2. SBI Focused Equity Fund Direct Growth | Rs 1,500 | 2 |
| 3. NIPPON INDIA VALUE FUND -- GROWTH PLAN | Rs 2,000 | 7 |
| 4. NIPPON INDIA LARGE CAP FUND -- GROWTH PLAN | Rs 2,250 | 4 |
| 5. ICICI Prudential Value Discovery Fund -- Growth | Rs 2,000 | 2 |
| 6. HDFC Top 100 Fund -- Growth | Rs 2,500 | 9 |
| 7. HDFC TaxSaver -- Growth | Rs 2,000 | 9 |
| 8. HDFC Mid-Cap Opportunities Fund -- Growth | Rs 1,500 | 5 |
| 9. HDFC Flexi Cap Fund Growth (Erstwhile HDFC Equity Fund) | Rs 2,000 | 6 |
| 10. Franklin India Smaller Companies Fund -- Growth | Rs 2,000 | 4 |
| 11. DSP Mid Cap Fund, Reg -- G | Rs 2,000 | 5 |
| 12. DSP Focus Fund, Reg -- G | Rs 2,000 | 2 |
| 13. DSP Equity Opportunities, Reg -- G | Rs 2,000 | 2 |
| 14. Aditya Birla Sun Life Tax Relief '96 Fund (ELSS U/S 80C of IT ACT) -- Growth, Regular Plan | Rs 2,000 | 4 |
| 15. Aditya Birla Sun Life Frontline Equity Fund -- Growth, Regular Plan | Rs 2,000 | 1 |
| 16. Aditya Birla Sun Life Equity Advantage Fund - Growth, Regular Plan | Rs 2,000 | 4 |
I have also made one time investment in the funds listed below. Please guide for any switching.
I also want to invest an additional Rs 80K to Rs 1 lakh. Please guide.
| Mutual Fund One Time investment | Investment |
| HDFC Low Duration Fund -- Growth | Rs 50,245 |
| HDFC Mid-Cap Opportunities Fund - Direct Plan -- Growth Option | Rs 22,500 |
| HDFC Small Cap Fund -- Regular Plan, Growth | Rs 25,000 |
| HDFC Housing Opportunities Fund -- Direct Plan, Growth Option | Rs 20,000 |
| Aditya Birla Sun Life Resurgent India Fund Series 6 -- Direct, Growth | Rs 20,000 |
| Aditya Birla Sun Life Low Duration Fund -- Regular Plan, Growth (formerly known as Aditya Birla Sun Life Cash Manager) | Rs 79,578 |
| Aditya Birla Sun Life Frontline Equity Fund -- Direct Plan, Growth | Rs 44,000 |
| ICICI Prudential Bluechip Fund -- Growth | Rs 25,000 |
| ICICI Prudential Value Fund Series 19 -- Direct Plan, Cumulative | Rs 20,000 |
| L&T Midcap Fund -- Growth | Rs 25,000 |
| SBI Focused Equity Fund Regular -- Growth | Rs 25,000 |
Ans: Your portfolio has too many funds, it's over-diversified.
Lumpsums can be continued.
In SIPs, you may continue with 1, 2, 5, 8 and 11.
