Are Parag Parikh & Axis Flexi Cap good?

I’m 26 and I’m investing 5,500 per thirty days in SIP within the following funds: Axis Flexi Cap – 1,500, Parag Parikh Flexi Cap – 1,000, Axis Bluechip- 1,000, Axis ESG – 1,000 and Nippon India Pharma Fund – 1,000. I’m an aggressive and high-risk investor and I’m on the lookout for an investing horizon of 10-15 years. Am I heading in the right direction or ought to I spend money on different funds?

—Title withheld on request


An all-equity portfolio akin to yours is ok in case your funding time horizon is past 5-7 years. So, as you point out, if you’re investing for 10 or 15 years, such a portfolio can be tremendous. Nevertheless, I see a have to do some pruning in your portfolio. For one, a 5,500 portfolio doesn’t require 5 funds in it. Secondly, having thematic or sector-specific funds in a general-purpose long-term portfolio is just not a good suggestion. Such funds, particularly sector funds, require a eager understanding of the precise sector to allow well timed entry and exit into the funds.

These funds will let you do broad-based ‘performs’ on the sectors, and usually are not appropriate for generic asset-class publicity {that a} long-term portfolio seeks to offer.

So, to your portfolio, I might counsel transferring out of each such funds and growing your allocation to the Parag Parikh fund and the Bluechip fund.

In future, do you have to enhance your SIP (systematic funding plan) quantity, you’d have room so as to add a mid-cap fund or two to additional diversify your holdings.

Srikanth Meenakshi is founder, Primeinvestor.in.

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