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Q.

Hi,
While start investing before 5 years, i was not organised and at present, my protfolio got 20 Mutual funds, current value being around 4 L.,which obviously is difficult to track. i wish to cut down the nos to 4.
1.Is it wise enough to carry out at this time?
2.I am 45 years now, I may need this money after say 15 years only. pls suggest 4 MFs
3.After investing for last 2 years, I just disconitinued my SIPs in SBI magnum global,Fidelity Equity and Franklin Tempelton Flexicap as i believe these are not performing well. Pls advice.

Asked by pradeep kumar kp, 08 Feb '09 08:56 pm
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Answers (2)

1.

Hello Mr. Kumar, whatever u had done in past, dont regret on th same. I will suggest u following to maximise ur gains in those selected mutual fund. (1) Dont consider current performance for ur investment. like in your case u wanted to invest in 4 - 5 schemes, my first simple suggestion will be to go for 4 - 5 different fund house. (2) whatever equty funds u had chosen those are for long term & nobody knows that after 5 or 10 years down the line current performer may become loser or loser may become winner, therefore always opt for flagship scheme of those fund houses. (3) if you wanted to go for 1000 / 1500 / 2000 SIP in a scheme dont invest with one date, instead u can opt for 2 different dates for 1000 or 3 dif dates for 1500 or 4 dif date for 2000, u will end up minimise ur risk because u have different entry dates. (4) Review ur portfolio on every year between jan - march & extend the mandate for another 12 months. By adopting this strategy, i hope you will be able to achi ...more
Answered by Sumeet Dhaawan, 08 Feb '09 10:04 pm

 
  
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2.

Wait till NAV improves than take some experts advise and sale some unwanted MFs.
Answered by prahlad desai, 08 Feb '09 09:01 pm

 
  
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