Please guide me about my systematic investment plan, which is as follows: ₹1,000 in Nippon Small Cap Fund; ₹1,000 in ABSL Small Cap Fund; ₹1,000 in HDFC Midcap Fund; ₹1,000 in Nippon Midcap Fund; ₹1,000 in ABSL Frontline Equity Fund; ₹1,000 in SBI Bluechip Fund; ₹1,000 in ICICI Value Discovery Fund; ₹1,000 in Axis Nifty 100 Fund; ₹1,000 more in L&T Tax Saver Fund ₹1,500 in Axis Bluechip Fund. My investment horizon is 10 years. Will I continue to invest in these funds?
—Name withheld on request
The first thing I would recommend for your portfolio is consolidation. You don’t need four large-cap funds for monthly investments ₹4,500. Only one fund, a low-cost passive-investment index fund, will do. Similarly, you can consolidate your small-cap fund with Nippon Fund and your mid-cap fund with HDFC Fund. Please ensure that the tax-saving investments you are making are enough to meet your 80C tax deduction requirement.
Shrikant Meenakshi is the founder of Primeinvestor.in.
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