Sir, I am a government employee, age 34 years, married. My current allocation of mutual fund is like this:
- Canara robeccco blue chip- 3000
- SBI flexi cap- 1500
- Absl tax elss - 1500
- ICICI prudential blue chip-1000
- HDFC small cap regular -1000
- Kotak small cap-2000
- Axis blue chip-2000
- Axis long term -1000
- SBI large cap -1000
- Ppf -2500
Blue chip funds and ppf for retirement.
Ans: Hi Akshay, Good to see that you have started to plan for your retirement. It is good to see that you have started planning. My recommendation, based on your age, would either be to reduce your allocation to large cap funds or to reduce the number of AMCs in the same category in which you invest.
There are times when over-diversification of a portfolio can have a negative effect on it. Try to incorporate more high-risk funds into your portfolio, such as mid-cap funds.