Want to invest in mutual funds but don’t know how to go about it?

Live TV

Loading...

Get all your mutual fund related queries answered by our expert, Pankaj Mathpal, founder and managing director, Optima Money Manager, on our show Mutual Fund Corner.

Q: 30-year-old Harshal Patel writes to us. I have the following monthly SIPs. Wanted to check if I need to rebalance any of the funds.

Purpose: Retirement planning (58 years)

Franklin India Ultra-Short Bond Fund - Super Institutional - Growth: Rs 13,000

HDFC Mid Cap Opportunities Fund: Rs 10,000

Parag Parikh Long Term Equity Fund: Growth Rs 10,000

Kotak Standard Multicap Fund - Growth: Rs 10,000

Invesco India Contra Fund - Growth: Rs 10,000

Mirae Asset India Equity Fund - Growth: Rs 10,000

DSP Small Cap Fund – Growth: Rs 3,500

Tata Equity P/EF Direct Plan - Growth: Rs 3,500

A: Franklin India Ultra-Short Bond Fund is not suitable for wealth creation. I recommend you SBI Small Cap over DSP Small Cap Fund. You are missing a large-cap fund in your portfolio. I recommend you to invest in ICICI Prudential Bluechip or Aditya Birla Sun Life Frontline Equity Fund. Continue with all other schemes.

Click here to watch the full episode of Mutual Fund Corner

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.