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    Mutual Fund Corner: Am I rebalancing my mutual fund portfolio correctly?

    Mutual Fund Corner: Am I rebalancing my mutual fund portfolio correctly?

    Mutual Fund Corner: Am I rebalancing my mutual fund portfolio correctly?
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    By CNBC-TV18  IST (Published)

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    Want to invest in mutual funds but don’t know how to go about it? Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

    Want to invest in mutual funds but don’t know how to go about it?
    Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

    Q: 39-year-old Siddhartha Mishra writes to us from Pune. I am looking at building my retirement corpus as all other goals like house, children education and marriage have already been allocated for and we are covered for medical insurance policy (Rs 10 lakh). I am looking at about Rs 8 crore in 20 years as the retirement corpus and wanted a view on whether I need to consolidate the mutual fund schemes further or do any changes. I have already invested about Rs 60 lakh in these mutual fund schemes and looking at Rs 8 crore in 20 years. I can increase my investment by 10 percent every year.
    I am currently doing SIP of SBI Bluechip (Rs 10,000 per month), Kotak Standard Multicap (Rs 10,000 ), Motilal Long Term Equity (Rs 12,500 per month), HDFC Midcap Opp (Rs 10,000 per month), HDFC Small Cap (Rs 5,000 per month), Franklin Smaller Companies (Rs 5,000 per month) and L&T Emerging Business (Rs 5,000 per month). Apart from this, I have discontinued my SIP in Motilal Multicap 35, Mirae Asset India Equity, Mirae Emerging Equity, DSP Tax Saver and Invesco tax Saver, but still hold these schemes. Please help me with the consolidation of the mutual fund schemes as too many schemes are not helping me.
    A: You can continue to invest in Kotak Standard Multicap, HDFC Mid-cap Opp, HDFC Small-cap Fund. We would suggest you to redeem your investments from SBI Bluechip, Motilal Long-term Equity, Franklin India Smaller Companies and L&T Emerging Businesses Fund. Re-invest in Motilal Oswal Multi-cap 35, Mirae Asset India Equity and Mirae Emerging Equity. We would suggest you to invest in tax-saving schemes only if your purpose is to save tax.
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