Should I make changes to my mutual fund portfolio?

I am an aggressive investor and already have a separate debt portfolio. I want good returns from my equity portfolio. My equity portfolio:

Parag Parikh Flexi Cap Fund: Rs 20,000
Canara Robeco Flexi cap Fund Rs 10,000
Mirae Asset Large Cap Fund: Rs 10,000
Axis Small Cap Fund: Rs 15,000
PGIM India MidCap Opportunities Fund: Rs 15,000
ICICI Prudential US Bluechip Equity Fund: Rs 10,000

I am 52 years old and this portfolio is for my retirement. My investment period is 10-15 years. I can increase my SIP to Rs 1 lakh. Do I need to change any funds or the sip amount? When I increase my SIP by Rs 20,000, which funds should I allocate it to?
--Kalpa Desai

More than half of your investments are in safer mutual fund categories like large and flexi cap schemes. The rest of the portfolio is in risky options like mid cap and small cap schemes. Even an overseas fund has a slightly higher risk. Even though you claim to have an aggressive risk profile, your investments tell a different story. Is it because of your mental make up? Are you subconsciously more inclined towards safer schemes? You can take an online quiz to assess your risk appetite and find out your risk profile. You can then make sure that you are investing in line with your risk appetite.

Since you are nearing your retirement, you should be extremely careful about your investments. Financial advisors mostly ask investors to start reducing their equity investments as they near retirement. You should take stock of your financial position and take a call.


If you are not sure about the basics, you should approach a mutual fund advisor or financial planner.