Portfolio analysis

#1
Hi All,

I am investing through SIP in following Mutual funds

1. ICICI Pru Discovery-G 1000 INR
2. CICI Pru Focused Bluechip Equity Reg-G - 2000 INR
3. ICICI Pru Tax Plan Reg-G 1000 INR
4. HDFC Top 200-G 1000 INR
5. HDFC Equity-G 2000 INR
6. HDFC Mid-Cap Opportunities- G 1000 INR
7. DSPBR Small and Mid Cap Reg-G 1000 INR
8. Reliance Equity Opportunities-G 1000 INR
9. Reliance Gold Savings-G 1000 INR
10. Reliance Regular Savings Equity-G 1000 INR
11. SBI FMCG Fund - Regular Plan - Growth 1000 INR

Please suggest if my investments are on right trek or i need any correction.My goal is for long term and i am not looking to en-cash any of above investment in near future
 
#2
Too many funds. For the amount you are SIPping, you should have 3, at max. 4 funds.

ICICI Pru Focused Bluechip Equity
HDFC Top 200
DSPBR Small and Mid Cap
are my picks.
 
#4
I disagree. Selecting 10-12 funds diversifies your risk. With only 3-4 funds you could have as much as 33% of your portfolio in one fund. If that fund badly under performs it will really hurt your overall results. With 10 funds, if you have that one clunker you only have 10% of your portfolio allocated there
 

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