Hi All,
I have a very basic question. How do I assess over diversification in my portfolio.
=======================================================
Debt-Floating Rate ----------------------------------------- 22.03%
=======================================================
Reliance Floating Rate Fund (G): 22.03 %
=======================================================
Hybrid: ----------------------------------------- 16.56%
=======================================================
Fidelity Multi-Manager Cash Fund (G): 16.56%
=======================================================
Equity Diversified ----------------------------------------- 52.59%
=======================================================
DSP-ML India Tiger Fund - Regular Plan (G): 5.56%
Reliance Vision Fund (G): 5.52%
Sundaram BNP Paribas Select MidCap (G): 2.23%
Fidelity Equity Fund (G): 11.17%
ICICI Pru Infrastructure Fund (G): 3.51%
Reliance Growth Fund (G): 9.18%
SBI Magnum Global Fund (G): 15.42%
=======================================================
I have set up STP from Reliance Floating Rate Fund (G) to Reliance Growth Fund (G) and also Fidelity Multi-Manager Cash Fund (G) to Fidelity Equity Fund (G). I have started my MF investments around 2 months before. So, in future (3-6 months) my contributions to Debt and Hybrid funds will come down.
I have also recently applied for Franklin Templton High Growth Companies Fund (G).
So, now I am skeptical about being over diversified as one of my financial agents pointed about it.
Can any body give me some tips on calculating over-diversification in my portfolio? As a precautionary measure what kind of parameters I need to identify in a mutual fund for appropriate diversification. Are there any good portfolio managers assist me in calculating the same?
Thanks in advance
Regards
Kalyan
I have a very basic question. How do I assess over diversification in my portfolio.
=======================================================
Debt-Floating Rate ----------------------------------------- 22.03%
=======================================================
Reliance Floating Rate Fund (G): 22.03 %
=======================================================
Hybrid: ----------------------------------------- 16.56%
=======================================================
Fidelity Multi-Manager Cash Fund (G): 16.56%
=======================================================
Equity Diversified ----------------------------------------- 52.59%
=======================================================
DSP-ML India Tiger Fund - Regular Plan (G): 5.56%
Reliance Vision Fund (G): 5.52%
Sundaram BNP Paribas Select MidCap (G): 2.23%
Fidelity Equity Fund (G): 11.17%
ICICI Pru Infrastructure Fund (G): 3.51%
Reliance Growth Fund (G): 9.18%
SBI Magnum Global Fund (G): 15.42%
=======================================================
I have set up STP from Reliance Floating Rate Fund (G) to Reliance Growth Fund (G) and also Fidelity Multi-Manager Cash Fund (G) to Fidelity Equity Fund (G). I have started my MF investments around 2 months before. So, in future (3-6 months) my contributions to Debt and Hybrid funds will come down.
I have also recently applied for Franklin Templton High Growth Companies Fund (G).
So, now I am skeptical about being over diversified as one of my financial agents pointed about it.
Can any body give me some tips on calculating over-diversification in my portfolio? As a precautionary measure what kind of parameters I need to identify in a mutual fund for appropriate diversification. Are there any good portfolio managers assist me in calculating the same?
Thanks in advance
Regards
Kalyan