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Keep Track

Investing in mutual funds cannot be a one-time exercise. You should track your portfolio regularly…

I want to invest every month Rs 5,000 in ICICI Prudential Focused Bluechip Equity and UTI Dividend Yield, Rs 4,000 in HDFC Equity, Reliance Gold ETF and IDFC Premier Equity, and Rs 3,000 in BSL Dividend Yield Plus. These investments are for the next 15-20 years and I can take risks; is this portfolio good?
- Biswapran Chowdhury

Fund   Category  Rating  3-yrs ret (%)  5-yrs ret (%)
BSL Dividend Yield Plus Mid & Small Cap ***** 32.01 14.64
HDFC Equity Multi Cap ***** 29.82 12.65
ICICI Pru Focused Bluechip Equity Large Cap ***** 29.11 NA
IDFC Premier Equity Mid & Small Cap ***** 35.25 23.03
Reliance Gold ETF Gold Not Rated 32.81 NA
UTI Dividend Yield Large & Mid Cap ***** 27.08 15.38
Return as on November 04, 2011, Rating as on October, 2011

Your portfolio of six funds has a higher risk quotient for the 60 per cent allocation to multi cap, gold and mid- and small-cap funds that it has. While it is a good move to invest in a well-diversified portfolio of funds through SIPs, you should be aware that investments in mutual funds cannot be a one-time exercise. Once you start investing you should regularly track the performance of the funds that you invest in because a fund that performs well today may not do so forever. It is equally important to review the progress made by the funds you invest in for long-term wealth creation for which you have made these investments.

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