Are these schemes okay ? Portfolio check ..

[nikhilfake]

Hi Guys,

I am 24 year old, with a long term perspective and am looking to invest about Rs. 30k per month in Mutual Funds through SIPs. My current plans are:

1) HDFC Top 200 (G) - Rs. 8k Per month
2) Reliance Reg Savings Equity (G) - Rs. 10k per month
3) IDFC Premier Equity Plan A (G) - Rs 10k per month

Do I need to add more schemes within this budget or should I continue with the same? What do you suggest?

thanks
Nikhil

 

[p_rajivadekar]

you can add DSP Blackrock focussed25

 

[nikhilfake]

I think I have good Mid Cap exposure because of IDFC Premier Equity and Reliance RSF (diversified but still good midcap allotment).

Can you tell me if I should split the same amount in more Funds?

 

[nikhilfake]

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[simple_trader]

You should add one more fund of your choice. May be HDFC prudence or any multicap fund.

Note, HDFC Prudence is not a pure equity fund. It is balanced fund. One needs consider this.

Multicap funds are relatively new in market. As far as I know, none of those funds has good performance so far.

regards!

 

[simple_trader]

Hi Guys,

I am 24 year old, with a long term perspective and am looking to invest about Rs. 30k per month in Mutual Funds through SIPs. My current plans are:

1) HDFC Top 200 (G) - Rs. 8k Per month
2) Reliance Reg Savings Equity (G) - Rs. 10k per month
3) IDFC Premier Equity Plan A (G) - Rs 10k per month

Do I need to add more schemes within this budget or should I continue with the same? What do you suggest?

thanks
Nikhil

Selection of funds, is good enough. I too feel, you can add one more fund like reliance growth or select equity fund.

Do not add more funds. Also, track your funds closely like if there is any fund manager change and performance after that.

Franklin Prima fund used to be good performer in beginning of last bull market and it was pathetic towards the end. I guess the reason was fund manager changed. So track them closely, if you find under performance for 6-12 months, then switch or move your funds to some other.

regards!

 

[nikrod]

you can add DSP Blackrock focussed25

DSPBR Focus 25 is a New Fund (NFO). Avoid NFO's. You can choose to invest in funds with track record of 3 or more years.

 

[nikrod]

Hi Guys,

I am 24 year old, with a long term perspective and am looking to invest about Rs. 30k per month in Mutual Funds through SIPs. My current plans are:

1) HDFC Top 200 (G) - Rs. 8k Per month
2) Reliance Reg Savings Equity (G) - Rs. 10k per month
3) IDFC Premier Equity Plan A (G) - Rs 10k per month

Do I need to add more schemes within this budget or should I continue with the same? What do you suggest?

thanks
Nikhil

Good choice of funds. HDFC 200 is large cap, Reliance RSF is multicap and IDFC is mid cap fund. So your portfolio is well balanced between Large & Mid Caps. I would suggest not to add any more funds. Add debt funds if you want to have debt exposure and not already invested in FD's or PPF / NSC's.