Is my mutual fund portfolio diversified ?

I am 36 years old. I have a moderate risk profile. Currently, I am investing in Aditya Birla Sun Life Frontline Equity Fund -Growth-Direct Plan (Rs 11,000), Axis Long Term Equity Fund - Growth (Rs 5,000), ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth (Rs 5,000), SBI Blue Chip Fund - Direct Plan - Growth (Rs 10,000) and HDFC Small Cap Fund - Direct Growth Plan (Rs 9,000).

Could you review my portfolio and suggest any corrections or further diversification. I have specific goals associated with each funds invested. I want to invest Rs 10,000 more. Kindly suggest.
--Lokesh Kunthoor

Ankita Tanna Narsey, founder, Oaktree Financial Advisors, responds:

Your current portfolio is majorly focused on large cap, tax saver and smallcap funds. All the mentioned funds are good performing funds and you can continue holding them for longer duration. In case you want to diversify further and add more investments, you should consider multi cap funds.


You can consider SBI Magnum Multicap Fund or ABSL Equity Fund to name a few.