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Mutual Fund Corner: Do I need to make any changes to my mutual fund portfolio?

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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.

Mutual Fund Corner: Do I need to make any changes to my mutual fund portfolio?
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: 48-year-old Ria Mehta has put her savings, 83 percent in equity mutual fund and 17 percent in debt funds (lump sum). I have ICICI Pru Long term Gilt Fund Growth, ICICI Pru Longterm Fund Growth, SBI Dynamic Bond, Quantum Dynamic Bond, Birla Sun life Floating Rate Short Term, Birla Sun LifeGilt Plus PF, IDFC Dynamic Bond, Principal Dynamic Bond and Principal Government Securities Fund in my portfolio from 2016. The returns are dismal so far. In the current economic and fiscal situation with taxation, what is the best thing to with these funds? Hold or sell or STP?
A: Since you are 48-year-old, your ideal asset allocation towards equity and debt should be 70:30. You have invested in a lot of debt funds. It is better to take exposure in credit risk funds as yields are better and they are less prone to interest rate risks as compared to gilt funds. We suggest you to redeem from all the funds and invest in Reliance Credit Risk Fund, Franklin India Income Opp Fund and ICICI Pru Credit Risk Fund.
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