Is this portfolio allocation in the right path?

[sachu21]

I had started my direct investments in MFs via SIPs without help of agents. And I have allocated my monthly SIP amount in the following proportion.

PPFAs LTV fund- 15%
Quantum LTE - 30%
HDFC Mid-Cap - 15%
Axis Long Term Equity - ELSS - 25%
Quantum Equity FoF - 15%

I'm looking for long term investment. I just wanted to know whether the portfolio allocation is correct when looking for a long term . Or is the portfolio more towards Mid Cap funds?

 

[TracerBullet]

I had started my direct investments in MFs via SIPs without help of agents. And I have allocated my monthly SIP amount in the following proportion.

PPFAs LTV fund- 15%
Quantum LTE - 30%
HDFC Mid-Cap - 15%
Axis Long Term Equity - ELSS - 25%
Quantum Equity FoF - 15%

I'm looking for long term investment. I just wanted to know whether the portfolio allocation is correct when looking for a long term . Or is the portfolio more towards Mid Cap funds?

Almost half of your allocation is with quantum, you can consider to even it out a bit. Midcap - largecap - you have to decide allocation yourself. Prashant jain (HDFC) says midcaps are now expensive vs Large caps. But having some allocation should be fine for long term. You can also consider funds that can dynamically shift such as Franklin High Growth or just use diversified equity funds such as Franklin Prima Plus.

For other good funds and MF related articles, you can look at recommended lists of fundsindia / value research / morningstar.in

 

[sachu21]

Thanks for the reply

 

[sachu21]

I wanted to make it more towards the large cap. Which all mutual funds needs to be deleted in that case?
Thanks