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POSTED BY ON May 2, 2011 4:18 pm COMMENTS (4)
Which fund do you think I should get rid of?
| Fund (All Growth) | SIP |
| DSP BlackRock Equity-Regular | 3000 |
| Reliance Regular Savings Equity | 6000 |
| Fidelity Equity Fund | 5000 |
| HDFC Top 200 Fund | 6000 |
| IDFC Premier Equity Plan A | 5000 |
| ICICI Prudential Discovery Fund | 1000 |
| HDFC Prudence | 3000 |
| FT India Balanced Fund | 2500 |
| Benchmark S&P CNX 500 Fund | 3000 |
I am investing from 2005 in Fidelity, FT, Top 200 and rest are just one year old. Earlier I had too many funds (18) and I removed most of them. In next 6 months I’ll redude my SIP to 30K and continue for 8 to 10 years.
Thanks for your time.
Sharmi
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Fidelity Equity Fund generally invests in large cap fund like Reliance, ICICI, TCS, HDFC etc. and your other funds like HDFC Top 200, DSP Blackrock Equity Fund also invests in same category of stocks. So, there is no point of duplicate funds in the portfolio.
Hope it will help you.
InvestmentKit.com
Dear MoneySaving,
I am going through different fund documents and I understand your point. Does the Fidelity Equity is duplicate of some other fund of mine?
Anyway thanks for your time.
Regards
Sharmi
There is no point of holding funds with same equity exposure. Also, for long term, I don’t see any logic in defensive action, So, I would recommend to remove the following funds.
HDFC Prudence Fund
Fidelity Equity Fund
FT India Balanced Fund
Benchmark Fund
Add this money to other existing fund.
Hope it will help you.
InvestmentKit.com
Keep the largest 2/3 and remove others.