Am I investing in too many schemes?

I am 31 years old. I invest around Rs 14,000 per month in mutual funds. I am investing for my child’s education and my retirement. I have a high-risk appetite.

My mutual fund portfolio is:

• Axis Bluechip Fund: Rs 2,000
• SBI Bluechip Fund: Rs 1,000
• Mirae Large Cap Fund: Rs 1,000
• UTI Nifty Index Fund: Rs 2,000
• Parag Parikh Flexi Cap Fund: Rs 1,000
• Canara Robeco Flexi Cap Fund: Rs 1,000
• SBI Small Cap Fund: Rs 1,000
• Axis Small Cap Fund: Rs 1,000
• Edelweiss Greater China Equity Off Shore Fund: Rs 1,000
• PGIM India Global Equity Opportunities Fund: Rs 1,000
• BOI AXA UST: Rs 2,000

I have accumulated too many MFs. What should I cut down and which new should I add to balance my portfolio.

-Gaurav Rawat

You are right. You are investing in too many schemes. You are investing Rs 14,000 per month, and you are investing in 11 mutual fund schemes. When you are investing a modest amount, you need to invest in only one or two schemes.

We often see that most investors believe they have very high risk tolerance. However, this notion need not be true. Most investors tend to regret their high-risk choices during a market downturn. Take an online quiz to find out your risk profile. This is a good starting point because lack of conviction is the main reason for such a scattered portfolio. Find out the risk profile and keep investing in one or two schemes that are in line with your risk profile.


Seek the help of a reliable mutual fund advisor if you are constantly doubting your choices. Learn about mutual funds and gain some confidence before handling your investments yourself.