Is my mutual fund portfolio good?

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I am currently investing Rs 22,000 via SIPs in 11 funds.
Please assess my portfolio. I have a horizon of 20 years with an aggressive approach.
Canara Robeco Emerging Fund: Rs 1,500
DSPBR Micro cap Fund: Rs 5,000
DSPBR Taxsaver: Rs 1,000
HDFC Mid-Cap Opportunities Fund: Rs 2,000
ICICI Prudential Focused Bluechip Fund: Rs 2,000
Mirae Asset Emerging Bluechip Fund: Rs 2,000
Reliance Top 200: Rs 2,000
Reliance Tax Saver: Rs 1,000
UTI Transport and Logistics Fund: Rs 1,000
UTI Equity: Rs 2,000
Reliance Diversified Power: Rs 2,500
--Gaurav Yadwani

Chokkalingam Palaniappan,, Director, Prakala Wealth Management, responds:


12 funds for an investment of Rs. 22,000 is very much on the higher side. It is better to prune the total number of funds. You have mentioned that you want to take high risk and your horizon is 20 years. Since you also have a couple of tax saving funds, I assume that you need them for Section 80C investments. Based on the above assumptions, you may invest as follows:
1. Reliance Small Cap Fund: Rs. 10,000 per month
2. L&T Emerging Businesses Fund: Rs 10,000 per month

3. Reliance Tax Saver (ELSS): Rs 2,000 per month

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