I want to build mutual fund portfolio with a time horizon of 10 years. I would like your opinion on my selection.
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- Yuvaraj Patil
Your funds selection is quite impressive; it has all 4/5-star rated funds. However, we would suggest you to reduce the count of your portfolio to four funds.
If you go with HDFC Top 200 and DSPBR Top 100, this will give your portfolio a large cap tilt. You can balance this with IDFC Premier Equity which is more aggressive since it has an exposure to mid caps.
Instead of HDFC Prudence which is a balanced fund, one that invests in both equity and debt, we suggest you go for a debt fund like Fortis Flexi Debt.
You can avoid ICICI Prudential Infrastructure which is a thematic fund which invests at least 70-100 per cent in stocks of infrastructure development companies. As for Magnum Contra, it has evolved into being a good equity diversified fund rather than a fund that takes contra bets. You don’t need to invest in it if you go for the other three schemes.
So this portfolio of four schemes will give you a large cap, mid cap and debt orientation. Since you plan to invest Rs.14,000, you can invest Rs. 3,500 per month in each of the suggested four schemes.
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