Assessment of my portfolio P. Patel, 15 Feb 2013

I have been investing 4000 INR per month in HDFC top 200, HDFC Equity fund, HDFC prudence fund, HDFC growth fund, Reliance diversified fund & Reliance growth fund for the last 3 years. My invest goal is for long term to satisfy my needs related to child education, their marriage expenses, and ofcourse our retirement planning. i am bit worried about reliance funds compare to HDFC fund which have done fairly well even in bad senario of market sicne last 3 years. i would like to get your valuable suggesstion on above allocation and let me know if any chagnes require.

Fintotal Answer

Hi, we appreciate your choice of funds. We would suggest you to consolidate HDFC Top 200, HDFC Equity Fund and HDFC Growth Fund into just one fund either in HDFC Top 200 or HDFC Equity Fund as both are among the best funds. You may continue SIP in HDFC Prudence Fund and Reliance Growth Fund. Exit from Reliance Diversified Power Sector Fund as it is a poor performing fund and divert that SIP also in the consolidated fund. Our thumbrule for mutual fund investment - 1 Equity diversified fund for Long term needs like child's education, child's marriage and retirement needs; 1 Balanced fund for medium term needs (3 to 5 years ); 1 debt fund for short term needs (2months to 2 years). Read articles Choosing an appropriate MF and Ideal number of investments in your portfolio on our website.

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