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Should I make changes to my mutual fund portfolio?

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Last Updated: Feb 17, 2020, 10.00 AM IST
I am investing Rs 12,000 through monthly SIPs in the following mutual funds:

Mirae Asset Emerging Bluechip Fund: Rs 3,000
Motilal Oswal Multicap 35 Fund: Rs 2,000
Aditya Birla Sun Life Focused Equity Fund: Rs 2,000
Axis Long Term Equity Fund: Rs 2,000

I have been continuing with these investments for the last 23 months, and Axis Bluechip Fund (Rs 3000 per month) for the last three months.

Please advise if the portfolio is good? Should I continue with these funds? Also, I want to enhance my SIP by another Rs 5,000. Please suggest some funds.

--Prashant Sinha

Raghvendra Nath, Managing Director Ladderup Wealth Management, responds:
Your portfolio is skewed towards large cap mutual funds. It would have help you a lot during the last 23 months. However, given the current market situation and the opportunities that exist in the mid and small cap space, it would be advisable to have some allocation in them. I would recommend you to stop investments in the ABSL Focused Equity Fund and allocate the money towards the mid cap space.

Out of the total Rs 7,000, you can allocate Rs 2,500 per month in each DSP Mid Cap Fund and Kotak Emerging Equities Fund in the mid cap space and Rs 2,000 in the HDFC Small Cap Fund from the small cap space. This would entail a better allocation mix for your portfolio.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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