POSTED BY October 19, 2011 3:27 pm COMMENTS (8)ON
Kindly help me to simplify the portfolio.
During the last 5 years, I have invested in many mutual funds (most of them are lumpsum investments). Invested in about 15 number of mutual funds in the following fashion:
Total investment is more than Rs. 2,50,000/-
Break-up is as follows:
Birla SL Frontline Equity (Rs 45,000/-); Can Robeco Eqty TaxSaver (Rs 10,000); Fidelity Tax Advantage (Rs. 15,000); HDFC Tax Saver (Rs. 10,000); HDFC Top 200 Fund (Rs. 50,000); JM Basic Fund (Rs. 10,000); Principal Tax Savings (Rs. 10,000); Reliance Short Term Fund (Rs. 25,000); SBI Infrastructure – Sr I (Rs. 10,000); SBI Magnum Contra Fund (Rs. 20,000); SBI Magnum Tax Gain (Rs. 15,000); Sundaram Energy Oppor (Rs.10,000); Sundaram SMILE Fund (Rs. 10,000); Sundaram Tax Saver (Rs.15,000); UTI Infrastructure Fund (Rs. 10,000).
In one TV channel, I heard, it is always better to keep the portfolio simple and not to make it complex. I just invested based on the market trend at that particular moment. I dont know much calculations or knowledge about the market.
I request you all to kindly advise me to SIMPLIFY MY PORTFOLIO AND DISPOSE OF SOME UNNECESSARY FUNDS.
Thanks and Regards; KK Babu, Hyderabad.