Should I add debt or balanced schemes to my portfolio?
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L&T Emerging Businesses Fund - Direct plan -- Rs 8,000
IDFC Focused Equity Fund - Direct plan – Rs 4,000
Motilal Oswal MOSt Focused Multicap 35 - Direct plan – Rs 4,000
Kotak Select Focus Fund - Direct plan -- Rs 4,000
Principal Emerging Bluechip Fund – Rs 4,000
Mirae Asset Emerging Bluechip Fund – Rs 4,000
IDFC Infrastructure Fund - Direct Plan (growth) -– Rs 4,000
My questions are:
1. Have I invested in the right funds?
2. Do I need to change my schemes?
--Subramanya Swamy
Harpreet Singh, Founder, Vserv Capital Services responds:
You seem to have diversified yourself well between smallcap and midcap, diversified and largecap funds. Your funds are also performing well and with a tenure of 10 years you seem well placed to reap good growth. Yes, I advise some investment in short-term / liquid debt as you must have equivalent to 6 to 12 month's household expenses in these funds that you can draw upon in case of emergency irrespective of equity market trends. You can build this liquid corpus over next two to three years.
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