Over the past year, I have been doing SIPs of Rs 1,000 in Franklin India Bluechip, ICICI Prudential Discovery, HDFC Top 200, HDFC Mid-Cap Opportunities and Fidelity Equity. I am looking at a 10 to 15 year time frame. I also want to invest an additional Rs 2,000. Should I put the money in one of these funds or take a new fund? What is your view on my portfolios? — Barun Basak
You have narrowed down on five funds with a proven track record and good ratings.
The equity component of your portfolio is around 93 per cent, out of which 55 per cent is allocated to large-cap stocks. You have been fairly aggressive by taking a fairly substantial allocation to mid- and small-cap stocks. Fortunately, you have a long time frame. You want to invest an additional Rs 2,000. You can do so without adding any more schemes to your portfolio.
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Make it a habit to review the performance of the funds that you have invested in at least once a year. This way you get the opportunity to make changes to the funds selected as well as rebalance your portfolio to suit your preferred asset allocation based on your risk tolerance.
You can select funds (pick up the ones that are rated well and have a good track record ‘vis-à-vis’ its peers) from the ‘Fund Select’ feature on our website to build a portfolio. Review the performance of the funds in your portfolio once every year to make changes.
This article was originally published on February 29, 2012.
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