Should I make any changes to my mutual fund portfolio?

I have an SIP of Rs 1,000 in each of the following mutual fund schemes:

ASBL Small and Midcap Fund : Planning to discontinue this plan (Now called Aditya Birla Sun Life Small Cap Fund)
Reliance Small Cap Fund
SBI Magnum Multicap Fund
L&T Midcap Fund
Mirae Asset Emerging Bluechip Fund
SBI Small Cap Fund

I am also investing Rs 2,000 via an SIP in LIC MF Midcap Fund. (Now called LIC MF Large & Mid Cap Fund)

I am 22 years old. I want to hold these mutual fund schemes for 25 to 30 years. Are these mutual fund schemes good? Or should I change them? I started investing in these schemes six months ago.

-- Devansh Tripathi

Tarun Vohra, Founding CEO, Integra Profit, responds:

Reliance Small Cap Fund is a smallcap scheme with a four-star rating. It has a moderately high risk factor. This scheme has outperformed the category. So, you can continue with this scheme but ensure that you have a five to 10 year investment time horizon.

SBI Magnum Multicap is a multicap scheme with a four-star rating and a moderately high risk factor. It is an underperformer in the category. You can switch to Axis Focused 25 Fund as it has superior Sharpe ratio (higher return per unit of risk taken).


L&T Midcap Fund is a midcap scheme with a five-star rating and a high risk factor. You can continue with this scheme but reduce the monthly SIP amount.

Mirae Assets Emerging Bluechip Fund is a large & midcap fund with a five-star rating and a moderately high risk factor. You can continue with scheme.

LIC MF Large & Mid Cap Fund is a large & midcap with a four-star rating and a moderately high risk factor. This fund house is vulnerable to directed stock investment decisions, much like the parent company LIC, by the government. You may switch to Invesco India Contra Fund or Tata Equity PE Fund. Both of these mutual fund schemes are outstanding value-oriented schemes.

SBI Small Cap Fund is a smallcap scheme with a four-star rating and a moderately high risk factor. You can continue with scheme but ensure you have a 5-10 year investment time horizon.