Nippon Large Cap Fund: 1500
HDFC Small Cap Fund: 1500
SBI Equity Hybrid: 2000
ICICI Prudential Technology Fund: 1000.
In addition, I have made a lump sum investment of Rs 50,000 each in ICICI Prudential Small Cap and Mirae Asset Tax Saving Fund and Rs 1 lakh each in SBI Technology Opportunities Fund and HDFC Small Cap. Do I need to make any changes to my portfolio?
-Arun Vyas
It is not possible to answer your question as you have not shared important details like your goals, risk profile etc. We always ask investors to choose their investment options based on their goals and risk profile.
For example, if you are investing for short-term goals, you should invest in bank deposits and short-term debt funds. You should invest in equity funds to achieve your long term financial goal. However, you should choose your mutual fund scheme based on your risk profile.
For example, if you want to invest for at least seven years without taking much risk, then you should opt for a large cap scheme. Similarly, if you are ready to take on additional risk for additional returns, you can invest in mid and small cap schemes. Provided you have a long investment horizon of 10 years.
You have small cap schemes and sector schemes in your portfolio. These schemes carry high risk. Make sure you are okay with that added risk.
You should try to have a focused portfolio. Since you are investing a nominal amount every month, just one plan is enough. Investing a small amount in multiple schemes will not always give you better returns. Try investing in one or two schemes that match your risk profile and goals.