How to manage too many schemes in equity, debt mutual fund portfolio
An investor must add additional funds to his portfolio only if it caters to the financial goals along with suitability which includes analysis of his risk tolerance
I am in my mid-20s, I work in the service industry and have recently started investing in equity markets. Like most DIY investors, I picked up investment recommendations from websites and online videos. Today, I have invested in 25 schemes across 7-8 different categories in equity and debt within the first 6 months of investing. I now feel overwhelmed with the amount of research and time I have to give to these schemes, and suddenly investing doesn’t feel so simple after all. What should I do?