Your thoughts on my portfolio

Personal finance
1

Hi all,

I am currently doing SIP every month in 5 mutual funds. 30k split into five mutual funds with the following allocation.

UTI Nifty 50 Index Fund - 6k

Quant Small Cap Fund - 5k

ICICI Prudential Nifty Midcap 150 Index Fund - 7.5k

Axis Small Cap Fund - 2.5k

Parag Parikh Flexi Cap Fund - 9k

Now that I have a lumpsum amount of 8.5 lakhs which I want to invest exclusively in some other mutual funds. The SIPs to the above mutual funds will continue with contribution from my salary. This is how I am planning to allocate the 8.5 lakhs.

2 Lakhs – Emergency Fund. Invest in 2 liquid funds each with 1 lakh …

Remaining 6.5 lakhs

Want to invest this in Paragh Parikh Conservative Hybrid Fund. And withdraw some money periodically (say every quarter) and invest it into the following funds.

SBI Equity Savings Fund (Hybrid - Equity savings) — this one will have more contribution compared to others.

Kotak Equity Hybrid Fund (Hybrid - Aggressive)

UTI Nifty200 Momentum 30 Index Fund

Motilal Oswal BSE Enhanced Value Index Fund

Motilal Oswal Nasdaq 100 Fund of Fund

Does this sound like a fair investment plan? Am I adding too much funds to my portfolio?

Would like to know your thoughts on the same

Thanks

2

I think you should pick only one best fund from each category. 2 small and hybrid equity are unnecessary.

1 Like
3

consult a registered investment advisor. people will offer suggestions without understanding your personal life and goals. public opinions vary, and relying on them can lead to confusion and increase the chances of making wrong decisions.

3 Likes
4

Thanks @themanishshaw

1 Like
5

Thanks @TitanTrader

6

Join freefincal for clarity.