How can I cut down the number of schemes in my mutual fund portfolio?

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Can you advise me on how to declutter my mutual fund portfolio? I think I am investing in too many schemes. I am investing Rs 5,000 in the following schemes:

Franklin India Prima Plus Fund (G) (now called Franklin India Equity Fund)
L&T Emerging Businesses Fund (G)
Invesco India Growth Opportunities Fund
HDFC Mid-Cap Opportunities Fund (G)
ICICI Prudential Bluechip Fund (G)
Kotak Standard Multicap Fund - Regular (G)
Motilal Oswal Multicap 35 Fund - Regular (G)
Reliance Large Cap Fund - Regular (G)
Reliance Small Cap Fund (G)
SBI Banking & Financial Services Fund (G)
SBI Bluechip Fund (G)

I want to invest in the above schemes for eight years. Should I cut down a few mutual fund schemes which may have similar portfolio and invest in some other schemes?

-- Jacob Ipe


You are investing in 11 mutual fund schemes. An average investor need not invest in more than four mutual fund schemes. Investing in too many schemes will make it difficult to monitor and review your mutual fund portfolio.

Also, you have not shared your risk profile and financial goal. Since you have not shared your risk profile, it is not possible to comment on your investments.

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