Please Review My Portfolio

[Pallavi.satya]

Hi All,

Presently i am investing in following Mutual Funds through Monthly SIP route

1. DSP BlackRock Top 100 Equity-Growth (3000)
2. Fidelity Equity Fund - Growth (3000)

May be after 3 months i will start Invest another 6000 as my salary will get hike. In need some best funds (in numbers and amount) for the investment of 6000 Rs.

And i also need a suggession regarding my Taxsaver Mutual Funds that i have already done in last 2 years for Tax saving purpose.

1. Birla SL Tax Relief 96 (G),
2. Can Robeco Eqty TaxSaver (G)
3. DSP-BRTax Saver Fund (G)
4. Fidelity Tax Advantage
5. Franklin India Tax Shield (G)
6. HDFC Long Term Advantage (G)
7. HSBC Tax Saver Equity Fund (G)
8. ICICI Pru Tax Plan (G)
9. Reliance Tax Saver (ELSS) (G)
10. Religare Tax Plan (G)
11. SBI Magnum Tax Gain (G)
12. Sundaram Tax Saver (G)
13. Taurus Tax Shield (G)

I know that i have done Tax Saver Investment in lot of Funds, because i was a beginer and my fellow mates suggested to diversify the investment into number of funds. Any how all my funds are in Green and they are giving some fruit full returns too. But i came to know this is not the right strategy to follow. From next year DTC will come to effect and i will stop my Tax saving investment in ELSS.

Now suggest me, After maturity of the Tax Saver funds what should i do ?. Should i redeem them and invest in Equity Funds. or should i hold them ?

Satya,

 

[asterix24]

Hi Satya,

Simple answers to your queries:

For Investment of Rs. 6000, consider the following SIP plans
HDFC Equity (3000)
IDFC Premier Equity / ICICI Pru Discovery (3000)

For your existing Tax-saver plans, a very simple answer. Don't remove the money unless you really require it. Leave your investments as it is and consider a withdrawal only when your need arises. Do track the same though.

Happy Investing !!

 

[Pallavi.satya]

Thanks asterix

 

[shubh]

For tax saver stick to only Fidility tax saver and HDFC tax saver. Too many funds can not be tracked efficiently.

 

[vikram112in2000]

For tax saver funds, HDFC tax saver is a good fund. Don't diversify too many funds, too much diversification will affect your overall returns.