It pays to diversify investment portfolio

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I have been investing 2,000 every month in Axis Bluechip Fund – Growth SIP (systematic investment plan), another 2,000 in ICICI Prudential Equity & Debt Fund – Growth SIP and 4,000 in a gold savings scheme. I’m a moderate risk taker. At present, I can increase my SIP by another 2,000 a month. Will it be okay to invest that in an international fund?

—Kumaran R.

You are investing 8,000 at present, half of which is going to gold. Of the rest, a part goes to debt and about 40% is invested in equities. That is too conservative an approach. We need to reshape your portfolio a bit. First, you could invest the incremental 2,000 in a diversified fund. Since you are interested in investing internationally, a fund such as Parag Parikh Flexi Cap Fund would be a good choice for this amount.

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Besides, you can also take 2,000 from your gold investment and divert it to a mid-cap fund such as DSP Midcap Fund. You will then have a well-diversified portfolio, investing in all market segments.

Srikanth Meenakshi is founder of Prime Investor.

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