Should I alter my mutual fund portfolio?
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HDFC Taxsaver Fund (since Nov 17)
Aditya Birla Sun Life Tax Relief 96 (from Aug 17)
Nippon India Tax Saver (ELSS) Fund (from Aug 17)
Mirae Asset Focused Fund (from Aug 19)
Nippon India Large Cap Fund (from Sep 19)
I had also made a one-time investment of Rs 50,000 in Aditya Birla Sun Life Resurgent India Fund - Series 6 and Rs 15,000 in ICICI Prudential Bharat Consumption Fund - Series 1.
I am looking at a duration of 10-15 years. My risk profile is moderate to high. Kindly advise whether I should make any changes to my portfolio?
-- Ashish Jakkal
You have chosen good performers. However, your portfolio is not meant for a moderate to high risk-taker. It is ideal for a moderate investor.
You are currently investing in three tax saving mutual funds, a focused multi cap fund, and large cap scheme. As said earlier, the portfolio is ideal for someone with a moderate risk profile. If you want to take more risk, you may consider investing in a mid cap scheme. The percentage of mid cap allocation should be based on how much extra risk you want to take for the extra returns. You may also consider stopping investment in Reliance Large Cap Fund (now Nippon India Large cap Fund) as large cap funds are meant for conservative equity mutual fund investors.
Your one-time investments are in thematic schemes. Hope you know enough and convinced about the potential of these themes to deliver. We do not recommend thematic schemes to regular investors.