News From Press Many schemes in a portfolio won’t lead to diversification

Many schemes in a portfolio won’t lead to diversification

Source: Livemint Aug 31, 2018

I am 27 and have been investing ₹12,000 per month for the past eight months in SIPs. My portfolio includes Reliance Small Cap Fund (₹3,000), L&T Emerging Businesses Fund (₹3,000), IDBI Midcap Fund (₹1,000), ABSL Digital India Fund (₹3,000) and SBI Consumption Opportunities (₹2,000). All these are direct growth funds. I want to increase my monthly investment by ₹4,000 and have shortlisted some funds, including SBI ETF Sensex, Reliance ETF Sensex, Axis Bluechip Fund, Canara Robeco Bluechip Equity Fund and Edelweiss Large cap Fund. Please advise.

—Naman Gupta

Your current portfolio is a high-risk portfolio with two small-cap funds, one mid-cap fund, and two thematic funds.

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