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: 27-year-old Abhay Joshi writes us from Mumbai. I am investing Rs 2,000 in Reliance Small Cap Direct, Rs 3,000 in Axis Focused 25 Growth Direct and Rs 3,000 in ICICI Pru BlueChip Growth Direct. My goal is wealth creation and investment horizon is 10 plus years. Please advise if tweaking is warranted.
A: Well diversified across styles and market capitalisation. You can consider replacing Reliance Small Cap with a midcap fund like DSP MidCap or Franklin Prima. This will reduce your portfolio risk without compromising on future potential.
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