Hi all awesome people, I have been investing for 7 years now, since I started my job and below is the break down of my current SIPs:
Category Fund Amount
Small cap Nippon India Small Cap Fund 15000
ELSS Quant Tax Plan 7000
Flexi cap Parag Parikh Flexi Cap Fund 20000
Index ICICI Prudential Nifty Next 50 Index Fund 4000
Index Nippon India Nifty Midcap 150 Index Fund 3000
Index Nippon India ETF Nifty 50 BeES: Stock SIP 20000
Large & Mid cap Mirae Asset Emerging Bluechip Fund 11000
Multi cap Quant Active Fund 5000
Sector: Energy DSP Natural Resources & New Energy Fund 5000
Sector: Energy Tata Resources & Energy Fund 5000
Sector: Energy Nippon India Power & Infra Fund 5000
Global ICICI Prudential US Bluechip Equity 5000
Global Navi NASDAQ 100 Fund of Fund 3000
Global VOO-Vanguard S&P 500 ETF: Stock SIP 5000
Global VWO-Vanguard FTSE Emerging Markets ETF: Stock SIP 5000
Sector: Precious Metal Nippon India Gold Savings Fund 3000
Sector: Precious Metal Aditya Birla Sun Life Silver ETF 4000
Sector: Tech ICICI Prudential Technology Fund 5000
Value ICICI Prudential Value Discovery Fund Growth 8000
Total 138000
I had alot of diversification and had multiple active SIPs in same categories, I tried cutting them down based on some analysis. I have few questions:
1. Am I over diversified? I have mostly 1 active SIP now in each sector.
2. Few of categories like multi cap have negligible allocation, should I remove them or allocate more?
3. I am betting heavy on energy please help me decide 1 fund from above 3.
4. I have stopped SIP in a bunch of funds but DID NOT sell them. How do I rebalance existing funds, do I sell and rebuy and pay the tax and load or just keep it?
I have other investments like emergency fund FD, liquid cash, gold and real estate. My only goal from MF is wealth creation and can with highly aggressive investment profile.
Thanks in advance people.