Should I change my mutual fund portfolio to maximise returns?

I am investing Rs 1.32 lakh every month via SIP in the following mutual funds. I have a long term perspective. Can I make some changes in my portfolio to maximise returns?

Axis Bluechip Fund: Rs 15,000
Quant Active Fund: Rs 14,000
Quant Midcap 14000
Quant Small cap 14000
Quant Tax Plan 18000
Tata Digital India 18000
UTI Nifty Next 50 Index 14000
Axis Gold Fund 7000
Parag Parikh Flexi Cap 10000
SBI Magnum Income Fund 7000

My risk profile is aggressive.
--Divyam Dubey

You have not mentioned your investment horizon and goal. Without this information, it is not possible to comment on the suitability of these schemes to you. Here are some general observations. One, you are investing in too many schemes. Two, it is not clear why you are investing in large cap schemes, a gold scheme, income fund, etc? Three, you are investing in four schemes of Quant Mutual Funds, which increases the concentration risk.

It is always better to invest in a focused portfolio. Investing in too many schemes often leads to over-diversification and it dilutes the overall returns from the portfolio. The idea behind diversification is to spread your investments across different asset classes based on your investment objectives and risk tolerance and secure maximum returns.


If you don't understand much about investing in mutual funds and asset allocation, you should seek the help of a mutual fund advisor or financial planner.