Mutual Funds

Your Fund Portfolio

K Venkatasubramanian | Updated on May 06, 2018 Published on May 05, 2018

I have been investing ₹5,000 each in the following funds for a year: Quantum Long Term Equity, ICICI Pru Focused Blue Chip, Franklin India Flexi Cap, HDFC Mid-Cap Opportunities and HDFC Balanced. I can take moderate risk. Please let me know whether I can continue my investments in these funds or switch to some other schemes?


You have chosen a set of funds that have had fairly robust performance track records over the long term.

There is no need to make any major changes to your portfolio. If at all, you can consider stopping SIPs in Franklin India Flexi Cap given its underperformance vis-à-vis peers over the past few years. You can instead consider starting investments in Motilal Oswal Multicap 35, a fund with a strong record of outperformance over the last 3-4 years, instead.

Continue SIPs for 7-10 years to benefit from the cost-averaging that happens by buying units across market cycles. Such a long horizon will also enable you to get substantial capital appreciation.

It is assumed that you are making sufficient investments in debt instruments (PPF, EPF/VPF and debt funds) so as to have a well-balanced portfolio.

With market regulator SEBI asking for rationalisation of mutual funds, asset-management companies are reclassifying, merging and renaming individual schemes.

In this regard, most of the funds in your portfolio do not have to undergo any major changes.

Only HDFC Balanced will have a modification. HDFC Premier Multi-Cap will merge with HDFC Balanced and a new HDFC Hybrid Equity Fund would be formed.

Despite the change, the new merged fund is set to follow the ‘balanced’ scheme mandate. You can, therefore, retain your holdings and continue SIPs for now. Review all the schemes periodically and take corrective measures when necessary.

I have been investing ₹3,000 each in two schemes — ICICI Pru Focused Bluechip and Mirae Asset Emerging Bluechip — through the SIP route for the past five years. I want to add one more SIP of ₹3,000 for 12-15 years. Please suggest a scheme.

Sumant K Das

You can retain your current SIPs.

Since you have planned to invest for 12-15 years, it is assumed that you can take a reasonable amount of risk.

You can consider adding Aditya Birla Sun Life Pure Value, a quality fund that invests in a blend of mid- and large-cap stocks.

It is assumed that you have invested in debt avenues as well, so as to have a balanced portfolio.

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