Mutual Fund Corner: Should I make any changes to my mutual fund portfolio?

A: Congratulations on starting to invest early. Time is on your side so keep at it. Rs 16,000 equity/Rs 2,000 debt (11 percent debt allocation which for your age is fine). Three things to think about: 1) Move to direct plans. It will increase your returns for the same scheme. 2) Wealth creation is a good aim. But it would be more powerful if you can align it to your short term and long term financial goals. 3) Do you really need three tax saving funds? We would advise to look at overlap and ideally have one tax saving scheme (at most two).