I have around 20 mutual funds and I would like to reduce the number and consolidate them. What is the way to optimize these and bring down the number to a manageable level?
-Rajneesh Rai
We all make mistakes. That you realize the follies of having 20 fund schemes in your portfolio speaks of your interest in making your portfolio manageable. Start the pruning by analyzing the 3- and 5-year fund performance compared to its peers. Identify the funds in your portfolio that beat the benchmark and are leaders in the category; retain these funds. If you can stomach the poor performance for some more time with the remaining funds, do so at your own peril. Wise investors speak of cutting losses to make meaningful gains.
This article was originally published on November 24, 2010.
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