Portfolio Review

[subhadeepgayen]

Hi,

My age is 23 and accordingly i've allocated 60 % equity and 40% debt as i think i can take some risks at this age,

Equity / distribution :

Birla Sunlife MNC - Small and MidCap
SBI Emerging Businesses Fund-Reg(G) - Small and Midcap
ICICI Pru Focused BlueChip Eq Fund-Reg(G) - Large Cap
SBI Pharma Fund-Reg(G) - Sector
Birla SL Intl. Equity Fund-A(G) - International

Debt :
SBI FD for 5years
IDFC Cash Fund-Reg(G) - regular transaction

Please let me know according to current trends should i add some more funds or delete some funds and please give a reason for so.

 

[NayaBaccha]

For the debt portion I have switched to tax free bonds completely. Dont have to apply for them as you can buy them at the going rate just like equities. I did apply for one of them and it is for 20 years at 9.01% interest per annum payable annually. It is not bad if you fall in the highest tax bracket as FD's would give you a lot lesser post pax and they are not as liduid as these tax free bonds are.

I cannot comment on the quality of mutual funds you have as I am not an expert on MF in any sense by a major chunk of my MF portfolio consists of IDFC premier equity fund growth fund and Its been great so far. The only down side is that you cannot make a one off investment so I keep investing in other funds and when it opens of lumpsum investment (it does once in a while when the fund manager spots a nice opportunity) I sell off most of my other holdings and buy IDFC premier equity.

Another fund I invest in regularly is quantum long term equity fund purely because the expense ratio is 1.25% which is pretty low as compared to other funds and the returns have been better then average so far so I am not complaining. I also have some UTI opportunities and HDFC midcap opportunities.

Please note that I am "NOT" an expert on anything to do with mutual funds or even investments in general. I replied here as your thread went un answered.