You have taken a very good step by start investing in mutual funds. But you have invested in 24 mutual funds. This is really difficult to manage several funds like 24 in total though almost all funds you have chosen are good. Try to reduce the count and consolidate these funds to around 5/6 top performing funds. This will help you manage properly.

Few of the top performing funds based performance records in last 3 years are as below

1. UTI Opportunities Fund (G) 6mth 6.8% 1yr 12.3% 3yr 32.0%
2. ICICI Pru Focused Bluechip Eqty (G) 6mth 6.6% 1yr 8.1% 3yr 31.3%
3. HDFC Balanced Fund (G) 6mth 2.4 1yr 12.2% 3yr 30.7%
4. Birla Sun Life MNC Fund (G) 6mth 0.3 1yr 12.9 3yr 37.9

You can also consider funds like HDFC top 200.If you are paying tax you can go for few other tax saver funds .

Regards,
Susant

I am a SIP investor, investing Rs.112000/- per month in various schemes. I have selected more than three Large cap, Large – Mid cap, Mid – Small Cap, Hybrid Equity and Gold schemes, thereby total of 24 portfolios, as per below:

Sl. Scheme Amt
1 Canara Robeco Equity Diversified Fund 5000
2 Reliance Gold Saving Fund 3000
3 HDFC Children’s Gift Fund 7000
4 HDFC Prudence Fund 5000
5 UTI Divident Yield Fund 7000
6 Birla sunlife Frontline Equity 3000
7 HDFC Top 200 Fund 5000
8 SBI Magnum Contra 2000
9 UTI Opportunities Fund 5000
10 DSP Blackrock Top 100 Fund 8000
11 Franklin India Bluechip Fund 7000
12 ICICI Prudential Focused Blue Chip Equity Fund 7000
13 Birla Sunlife Divident Yield Plus Fund 4000
14 ICICI Prudential Discovery Fund 4000
15 Tata Divident Yield Fund 4000
16 HDFC Mid Cap Opportunities 5000
17 IDFC Sterling Equity Fund 3000
18 IDFC Premier Equity Fund 5000
19 UTI Mastervalue Fund 5000
20 Sundaram SMILE 2000
21 HDFC Equity Fund 6000
22 HDFC Growth Fund 4000
23 Tata Equity PE Fund 4000
24 SBI Magnum Multiplier 2000
Total 112000

Please advise if the above portfolios are perfect, or do I need any corrections?

Awaiting to your reply,

Suresh