Kindly review my portfolio and advice Sundar, 24 May 2013

i have invested in SIP in the below funds HDFC Equity - 5000 rs, ICICI Pru Discovery-3000 ,IDFC premier equity - 2500 , canara rob - 2000, SBI magnum Income fnd-1000, BSL MNC fund - 3000 rs , and for retirement saving TATA retirement fund - 5000 kindly advise..Thanks

Fintotal Answer

Your portfolio consists of a combination of equity funds and debt fund. The choice of funds made by you is fairly good. Certain funds are suitable for certain goals as follows: HDFC Equity Fund - For long term core goals such as retirement needs, child's education, etc(above 5 years) ICICI Prudential Discovery Fund, IDFC Premier Equity Fund and BSL MNC Fund - For long term satellite goals such as creating wealth (you may consolidate these 3 funds into just 1 fund) SBI Magnum Income Fund - For short term goals (1 to 2 years) TATA Retirement Savings Fund is an average performing fund so you may exit this for a better performing fund in this category. Check the reviews of the mutual funds on mutualfunds.fintotal.com.

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