Is my portfolio overloaded

[sandeep729]

Hello all,

Guidance is needed regarding the following query:

For an SIP of 12000 pm, I am investing in following funds:
Kotak opportunities 1000/-
SBI magnum comma 1000/-
reliance growth 2000/-
hdfc top200 2500/-
hdfc midcap opportunities 500/-
hdfc prudence 500/-
hdfc equity 2000/-
dspbr microcap 500/-
quantum long term equity 1000/-

I am now wondering that I have put my eggs in a lot of nests and am finding it quite difficult to manage them. Please suggest the alterations I have to make since I am relatively new in MF.

Thanks in advance

 

[yodlee99]

You need a max of 5 funds. Always invest in equity-diversified funds using SIP on different dates of the month.
My suggestions below:
Kotak opportunities 1000/- : Discontinue. SWP and start SIP into DSPBR Equity or Reliance Reg savings equity fund.
SBI magnum comma 1000/- : Commodity fund - discontinue.
reliance growth 2000/- : Good, continue SIP
hdfc top200 2500/- : Good, continue SIP
hdfc midcap opportunities 500/- : Good one. A better one is IDFC Premier equity plan A or merge this into Reliance growth.
hdfc prudence 500/- : Good one, but merge with HDFC Top 200
hdfc equity 2000/-: Good multicap. A better one is DSPBR Equity.
dspbr microcap 500/-: Quite a aggressive fund. Invest only for long term.
quantum long term equity 1000/-: Good largecap fund. continue SIP.