Here's my current MF portfolio. I've been investing from mid 2021. Need some help with a few doubts.
edit : SIP value increased over the time
Current Value : 1600000
Here are my few questions.
- ICICI Prudential Bluechip Fund Direct Growth = 5600
- Motilal Oswal S&P 500 Index Fund Direct Growth = 3400
- ICICI Prudential Technology Direct Plan Growth = 10000
- UTI Mid Cap Fund Direct Growth = 10000
- UTI Nifty 50 Index Fund Direct Growth = 10000
- Parag Parikh Flexi Cap Fund Direct Growth = 5000
- SBI Flexicap Fund Direct Growth = 4500
- Kotak Flexi Cap Fund - Direct Plan - Growth = 1500
- HDFC Index S&P Fund Sensex Plan-Direct Plan = 5000
edit : SIP value increased over the time
Current Value : 1600000
Here are my few questions.
- Is spreading over 9 Mutual Funds's ok? or should I close some and reduce the total no of Mutual Funds?
- I started Mutual Fund on Cleartax and later moved to Groww. Of above 10k of SIP is on Cleartax and 45k is on Groww. Is this ok or should I close cleartax and move to Groww?
- I have about 5X of my salary amount in my Savings Account. It makes me comfortable having that amount. Is this ok or should I put them into investing instruments?