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I am 43 and an engineer by profession. I have been investing in mutual funds for the past three years. Please review my portfolio and suggest changes
-Vikas Pathak

I am 43 and an engineer by profession. I have been investing in mutual funds for the past three years. As of now I have SIP of Rs 3,000 each in DSPML Opportunities, Franklin India Prima, HDFC Equity, HDFC Prudence, Magnum Contra, Reliance Vision and Sundaram BNP Paribas Select Midcap. I will be going abroad and intend to increase the SIP amount to Rs 5,000 each in total 10 funds by adding HDFC Top 200, Magnum Global, Reliance Growth and Franklin Prima Plus (I want to switch from Prima to Prima Plus). My objective is long term. I request you to review my portfolio and suggest changes to meet my long term requirements.
-Vikas Pathak

We must compliment you for choosing some of the best-performing funds for your portfolio. The funds, in which you have SIPs running, as well as the ones in which you plan to invest, are among the best available in their respective categories. There are a few things that we would like to point out. Firstly, we think there is no need to invest in both HDFC Equity as well as HDFC Top 200. Since you already have the former in your portfolio, you can consider increasing the SIP amount in it, rather than adding HDFC Top 200 to your portfolio. Secondly, do note that the Franklin India Prima and Franklin India Prima Plus are quite different in their investment approach. While the former is a mid-cap fund, the latter is a blend but generally maintains a bias towards large-cap stocks. Though Franklin India Prima Plus is a good fund, but if you want to shift to a similar fund, Magnum Global or Reliance Growth would be a more appropriate choice. Lastly, avoid adding more funds to your portfolio. Keep a check on the performance of your funds and review your portfolio once in a year to make any changes, if required.

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