How many funds should I have in my MF portfolio?1 min read 17 Aug 2022, 11:14 PM IST
Ideally, 6 to 8 funds are good enough to build your MF portfolio
I am 35 years old and doing monthly SIPs (systematic investment plan) in the following mutual fund (MF) schemes: Canara Robeco Blue Chip Equity and HDFC Index S&P BSE Sensex ( ₹6,000 each), Edelweiss Balanced Advantage and Mirae Asset Hybrid Equity ( ₹5,000 each), Kotak Small Cap ( ₹3,000) and SBI Magnum Medium Duration ( ₹10,000). Am I investing in too many funds? Is there any need for diversification into debt / gold?