Request you to please review my MF Profile. Below is my SIP per month. Please confirm if my selection of funds and AMC is good or there is need for rearrangement or revision. My timeline is 10 years and how much can be accumulated.
Started STP to Axis Small cap and will be closed in 12 months; No SIP only STP from HDFC Small cap
Quant Small Cap Fund Direct Plan-Growth -- 3500
SBI Small cap funds Direct -- 8000
HDFC SMALL CAP FUND - GROWTH PLAN -- 1000
AXIS SMALL CAP FUND - GROWTH PLAN -- 5000
DSP SMALL CAP FUND - REGULAR PLAN - GROWTH -- 2000
SBI NIfty Index Fund - Direct Plan - Growth -- 5000
Parag Parekh Flexi Cap -- 8000
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth -- 5000
ICICI PRUDENTIAL BLUECHIP FUND - GROWTH -- 5000
FRANKLIN INDIA TAXSHIELD GROWTH -- 2000
PGIM India Midcap Opportunities Fund -- 8000
Total: 52500
PPF -- 5000
Ans: Hello Chaitan. Your maximum allocation appears to be in the Small-cap category. Hence I would suggest reducing your small-cap investments to a maximum of 2 schemes. Furthermore, you should reconsider including HDFC, DSP & Parag Parikh AMC in your portfolio. With 10-year horizon and Rs. 52500 as monthly investment, you may accumulate approx 1.38 Cr.
In the case of adding new SIPs, I would recommend starting/adding the SIPs within the existing portfolio.