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Overlapping Funds

These three HDFC funds have a substantial overlap in their portfolios. Invest in just HDFC Equity…

I am 31 years old. I had started investing via SIPs of Rs 1,000 around 6 years ago. My SIP investments have reached Rs 13,000 per month now. My portfolio comprises Birla Sun Life Frontline Equity, IDFC Premier Equity, ICICI Prudential Dynamic, ICICI Prudential Midcap, HDFC Top 200, HDFC Equity, HDFC Growth, Reliance Pharma and Reliance Gold Savings. I have stopped investing in Reliance Growth and Reliance Regular Savings Equity, but haven’t redeemed my investments from them. Please give your opinions on my investments.


You have chosen very good funds to invest in. You have correctly stopped your investments in underperforming funds, and it is for this very reason that you should move your money out of those funds to better performing funds as well. The other thing you should do is reduce your holdings a bit. You don’t need the three HDFC funds that you have, because they would have a substantial overlap in their portfolios. You can do well with investing in just HDFC Equity. You also shouldn’t have Reliance Pharma in your portfolio, as sectoral funds are avoidable if you won't be able to actively monitor it. ICICI Prudential Midcap is a relative underperformer as well, keep an eye on it.

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