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This article is more than 2 year old.

Mutual Fund Corner: Is my portfolio good for long-term investment?

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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, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.

Mutual Fund Corner: Is my portfolio good for long-term investment?
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, Manoj Nagpal, managing director and chief executive officer, Outlook Asia Capital, on our show Mutual Fund Corner.

Q: 79-year-old PK Garg writes us from Hyderabad. I hold Axis Focused 25, Franklin Prima, Franklin Small Cos Fund, HDFC Capital Builder, HDFC Midcap Opportunities, HDFC Small & Midcap Opportunities, ICICI Pru Top 100, Sundaram BNP Small Cap SMILE, Select Midcap and Mirae India Opportunities approximately in equal amounts, in three folios of self, wife and HUF, all totaling about Rs 60 lakh. Long term holding and wealth creator is the goal.
A: Age is one parameter of risk. Even if you have a long term and high risk appetite, your portfolio is too diversified with 11 funds. Ideally, prune it to only 3-5 funds. Given your profile, would advise to consolidate the portfolio in Franklin Prima, HDFC Capital Builder, ICICI Pru Top 100 and Mirae India Equity. Such a construct will reduce risk and still not give up on wealth creation potential.
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