Need advise on my fund portfolio

Need advise on my fund portfolio
Mr.Sachin Dantulwar wrote :
Hi Srikanth,
I just gone through your blogs and thought of getting your expert advice.Please let me know if i need any change in my mutual fund portfolio. i started investing from dec 2007 and right now incurring loss of 60 k out of 143 k. i have SIP for SBI MAGNUM BALANCED FUND - GROWTH , HDFC EQUITY FUND - GROWTH PLAN & RELIANCE GROWTH FUND - GROWTH PLAN - GROWTH OPTION


Scheme Category Profit/ Loss %
HDFC PRUDENCE FUND - DIVIDEND PLAN Balanced -40.73
HDFC PRUDENCE FUND - GROWTH PLAN Balanced -42.93
SBI MAGNUM BALANCED FUND - GROWTH Balanced -32.76
DSP MERRILL LYNCH T.I.G.E.R FUND - GROWTH Equity Others -52.65
HDFC EQUITY FUND - GROWTH PLAN Equity Others -37.06
RELIANCE GROWTH FUND - GROWTH PLAN - GROWTH OPTION Equity Others -43.15
SBI MAGNUM GLOBAL FUND-GROWTH Equity Others -63.55
SBI MAGNUM TAX GAIN SCHEME - GROWTH$$ Equity Others -51.79
ICICI PRUDENTIAL INFRASTRUCTURE FUND - GROWTH Equity- Sectoral -51.23
SUNDARAM BNP PARIBAS CAPEX OPPORTUNITIES FUND - GROWTH Equity- Sectoral -56.54
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Thanks & Regards,
Sachin Dantulwar


SRIKANTH SHANKAR MATRUBAI advised :

Dear Sachin,
You have started your investment right at the peak of the Bull Run, and it is no surprise that your investment is down by more than 50%.
This meltdown has left many investors scarred and your portfolio is no different. Your portfolio is a mix of good and bad funds. Continue with your good funds like HDFC Prudence Fund, HDFC equity, SBI Balanced, etc. And, even at a loss, switch from bad funds like Infrastructure funds. These are not bad funds, per se. But, in the foreseeable future, they may still continue to be underperformer. So, with this in mind, it is advisable to switch out even at a loss, as your recovery in the other funds will be faster than continuing with the existing funds.
HDFC PRUDENCE FUND - Continue
HDFC PRUDENCE FUND - Continue
SBI MAGNUM BALANCED FUND - Continue
DSP MERRILL LYNCH T.I.G.E.R FUND -
Switch to DSPML Equity Fund
HDFC EQUITY FUND - Continue
RELIANCE GROWTH FUND - Continue
SBI MAGNUM GLOBAL FUND-
Switch to SBI Bluechip Fund
SBI MAGNUM TAX GAIN SCHEME - Continue
ICICI PRUDENTIAL INFRASTRUCTURE FUND
Switch to ICICI Dynamic Fund
SUNDARAM BNP PARIBAS CAPEX OPPORTUNITIES FUND -
Switch from Sundaram Capex Fund to Sundaram Select Focus Fund.

Continue your existing sips, as they are all into good funds. As soon as your existing sip in HDFC Equity fund ends, add HDFC Top 200 fund. Also, As and when fianaces permits, add the following funds, either through lumpsum or sips, preferably through sips.
Birla Sunlife Equity fund
DWS Alpha Equity fund
Fidelity Equity fund
Templeton India Equity Income Fund
HSBC Equity Fund

for tax funds, invest in
DWS Tax Saving Fund (added bonus of Free Life Insurance 5 times your investment).
Sundaram Tax Saver

Do continue your sips and stay invested for at least another 2 years, when things will be difenitely better.
Best of luck,
Srikanth Shankar Matrubai