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Planning A Portfolio

It depends a lot on choosing good funds and avoiding certain segments

I want to build a strong and healthy mutual fund portfolio with a time horizon of 7-10 years from now. I have selected few funds like:

1. HDFC Top 200 

2. Reliance Growth Fund

3. Kotak Opportunity fund 

4. Any MIP 

5. Any Pharma sector fund.

Is it wise to go with these or should I reassess my funds. If it is OK, kindly suggest a good monthly income plan (MIP) fund as well as a good pharma fund for my portfolio.

The funds in your portfolio are 4/5-star rated by Value Research. They have a good track record. For MIP funds you may invest in Birla Sun Life Monthly Income or DBS Chola MIP. 

As far as your request for a pharma fund is concerned, then we need to say that sectoral funds should be avoided for the reason that they have a narrow investment objective and thus are riskier than equity diversified funds.

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