Please advise for MF fund and allocation portfolio

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Deal Subedar
dealyogi

Hello friends. I am late in investement and will start my investments now. Timeline I am looking for 5-7 years or more. My advisor has suggested below funds (regular, as I need his help) and % allocation. Looking for 2nd opinion. Please suggest if below funds and allocation would be ok for safe and good returns (not aggresive). Thanks.

I understand futuer cannot be predict and MF is subjected to market risk.

1. Mirae Asset Large and Mid cap - 7%

2. Parag Parikh Flexi cap - 8%

3. Icici prudential nifty 50 index- 8%

4. Nippon India small cap - 7%

5. Axis blue chipblargebcap - 7%

6. Kotak flexi cap - 8%

7. Hdfc midcap opprtunities - 7%

8. Sbi contra - 8%

9. Axis small cap - 5%

10. Quant small cap - 3%

11. Icici prudential multi asset - 8%

12. Icici prudential balance advantage - 10%

13. Hdfc balanced advantage - 8%

14. Sbi small cap - 5%

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Benevolent Benevolent
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i am no expert but change your advisor who recommended you these many funds
Deal Hunter Deal Hunter
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Advise : Change your financial advisor as He/she is misselling you probably 14 regular funds for his/her own benefit.

You only need 3 funds & max 5 funds. Not more. 

As you said not aggressive return , invest in 60% Index/largecap fund + 40% Flexi Cap/Balanced Advantage Fund

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Deal Cadet Deal Cadet
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You don't need so many funds.

Here is what I do. Invest in MF like this.

50% - large cap

30% - small cal

20% - mod cap.

Select 2 MF each from mid, small and large cap with lowest expense ratio and select direct funds.

You can invest in FANG ETF from Mirae asset

Deal Subedar Deal Subedar
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Wealth is made by having more units of a particular fund rather than units of multiple funds : personal opinion

Deal Subedar Deal Subedar
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To minimise risk, staggered investment in multiple funds.

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Deal Lieutenant Deal Lieutenant
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If you invest in this many funds, your returns would be similar as that of index funds. This is not what diversification means. Your portfolio should not exceed 5 funds. If you feel the need for more, it should only be done by removing from lowest returing fund.

Deal Subedar Deal Subedar
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Please suggest which one should be removed from above list and in which allocation should increase. I have just invested in these 15 days before and can recalibrate if required, to avoid loss in long term.

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Deal Cadet Deal Cadet
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Forget about everything thing

35% in Large cap

40% in Mid cap

25% in Small cap.

This is aggressive method if want in safeer side  reduce small cap percentage and move that to large cap.

For large cap ( Navi nifty 50 index fund , canara robesta elss)

For mid cap (Nippon India nifty 150 midcap )

Small cap ( Axis small cap)

Do allocation as suggested

Deal Subedar Deal Subedar
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I think allocation % is same as you suggested, however number of funds are more in each category.

Benevolent Benevolent
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i am no expert but change your advisor who recommended you these many funds
Pro Entertainer Pro Entertainer
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+1, Instead of regular, go for Direct Growth funds for no commission.

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Pro Entertainer Pro Entertainer
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Pick

1. Motilal Oswal Mid cap.

2. Quant Small cap.

3. Parag Parikh Flexi Cap.

Almost all funds have large cap stocks in their portfolio.

Deal Hunter Deal Hunter
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Advise : Change your financial advisor as He/she is misselling you probably 14 regular funds for his/her own benefit.

You only need 3 funds & max 5 funds. Not more. 

As you said not aggressive return , invest in 60% Index/largecap fund + 40% Flexi Cap/Balanced Advantage Fund

Benevolent Benevolent
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It is not his advisor, its him. See his earlier post, advisor suggested him 6 funds but OP wanted more.
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Talk-Of-The-Town Talk-Of-The-Town
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Your advisor is testing which fund will give him max commission so in future he will make you atop sip in some funds which give him less commission 😝

Benevolent Benevolent
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It is not his advisor, its him. See his earlier post, advisor suggested him 6 funds but OP wanted more.

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Deal Subedar Deal Subedar
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You know most of these funds invest in the same stocks right? 


Mutual funds are for the everyday people, so they dont have to worry about picking a winning stock.

This level of diversification in mutual funds is redundant and not diversification at all.

Deal Newbie Deal Newbie
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While I am not an financial advisor.  Here are some tips

1. Instead of multiple funds, just go with  1 fund. Nifty 50 index fund

2. As you are looking for safe return please increase your investment period to atleast 10 years

3. Regular funds in long term benefits advisor so if you are looking for long term kindly purchase direct funds from website/app like et money, groww etc

Lastly if you are looking for bit of diversification, instead of Nifty 50 index fund go for a flexi cap fund

Recommendation Navi Nifty 50 index fund coz of its low expense ratio

Parag Parikh Flexi cap for its performance and exposure to foreign fund

As I am unaware of the investment amount, intent and your end goal, unable to comment any further

If you have any other questions, DM me


All the best for your investment journey plus1

MFs are subjected to market risk.

Cool Cool
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Take only one nifty 50 and stay calm.

Also please divorce your consultant.


Deal Subedar Deal Subedar
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C1
1. Mirae Asset Large and Mid cap - 7%
2. Parag Parikh Flexi cap - 8%
6. Kotak flexi cap - 8%

_________
C2

3. Icici prudential nifty 50 index- 8%
5. Axis blue chipblargebcap - 7%

________
C3

4. Nippon India small cap - 7%
9. Axis small cap - 5%
10. Quant small cap - 3%
14. Sbi small cap - 5%

_______
C4

7. Hdfc midcap opprtunities - 7%

_______
C5

8. Sbi contra - 8%
11. Icici prudential multi asset - 8%
12. Icici prudential balance advantage - 10%
13. Hdfc balanced advantage - 8%



Split them into categories. if you must you can pick one from each.
Deal Subedar Deal Subedar
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One of the best comment. Will pick one fund from each category. Will wait few more comments before finalizing/recalibrate the portfolio.  
Pro Shopping Friend Pro Shopping Friend
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3-4 funds are more than enough don't increase the count beyond that.

Nifty 50

Parag Parikh Flexi Cap

Motilal Oswal Midcap

Nippon India Small Cap

Deal Subedar Deal Subedar
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What are the original 6 funds your advisor recommended?


Maybe that will show the acumen of your advisor.

Deal Subedar Deal Subedar
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Mirae asset large n mid cap,
pgim mid cap,
axis blue chip,
icici nifty50,
kotak flexi,
hdfc mid cap,
Icici balance adv
(Added sbi small cap and nippon after my initial discussion. So total 9 initially).

He also gave the last 10 years breakup of returns of all funds, expense ratio of regular and direct funds, exit load etc of all funds in advance (I asked him to share all these details in excel)
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