After reading repeated advice to Trim the Mutual Fund Port Folio, I have decided to take the first step. Plan it!
My existing portfolio is as follows:
There are 9 Funds, on which my Mutual Fund Agent initiated SIP in 2006 and 2007, of course I didn’t ask any questions and blindly followed. This was even before, I was knowing what is mutual fund and Equities.
Now, after reading articles on financial planning, mutual funds etc. (Thanks to Jago Investor, Valuereaserch, and mint money), I thought of a mutual fund portfolio as follows:
I have following queries to ask
1. Is my mutual fund selection good enough for a 20 year long investment period [I understand Reliance Power Sector Fund is a risky sector fund, but thought of being bit greedy on it 🙂 ]
2. How systematic transfer plan works? Could we use it between two Fund Houses? For example if I want withdraw money from ICICI Pru Dynamic Plan and Invest in DSPBR Top 100 Equity Fund, could I make use of Systematic Transfer Plan?
3. If the above idea is not possible, what is the best way to achieve this?
4. Any other thing I should look at?
Thanks a lot for the time,
Regards, Surabhi R