Recently started investing in MF rate my portfolio
I have recently started investing in mutual funds through SIPs and some additional ELSS mf for tax benefit, although my portfolio is 12% down I'm not concerned about that I want to know should I keep on investing in same mf or should I explore new funds to diversify
- You have three tax saver ELSS, keep only one. Definitely remove that quant elss
- Reduce the small cap investment percentage. Small Cap is risky, keep it to 10%.
- I see most of the funds are regular ones. BIGGEST MISTAKE. Never go for Regular funds, go for Direct ones. Direct with Growth- Dir(G). I am not commenting against any specific funds, but I hadn’t come across any of these in my research. If you have done a bit of research and comparison, then well and good, otherwise I would suggest to spend some time comparing funds, researching a bit about them.
Thanks!
You have too many mutual funds dude. See the reason behind saying too many mutual funds is every mutual fund will have 30-50stocks and if you are having 6-7 mfs then it will be More than 100 stocks considering overlap. So your overall return will be the same as the Nifty 100. So never keep more than 3 mutual funds if you want better returns or else go with an index fund.
Makes sense!
r/mutualfunds is a good place to get your answers. There are people there who live and breathe mutual funds.
They would also say that you have way too many mutual funds selected.
