Bahut saare log sochte hain ki jitne zyada SIPs honge, utna zyada diversification hoga. Lekin sachai ye hai ki aapka paisa baar-baar wahi same large-cap stocks mein ja raha hai. Isse portfolio mein overlap badhta hai aur returns ka koi fayda nahi hota.
Bahut se retail investors ko lagta hai ki 5 ya 6 alag-alag mutual fund schemes mein SIP shuru kar lene se unka portfolio safe ho jayega. Par reality mein, ye sirf ek 'false sense of security' hai. Aap alag-alag funds toh kharid rahe hain, par andar ka mal wahi purana hai.
Large-Cap Ka Chakkar (Overlap Problem)
SEBI ke niyam ke hisaab se, Large-cap funds ko apni 80% investment top 100 companies mein daalni hoti hai. Iska matlab ye hai ki aap chahe kitne bhi alag large-cap funds le lo, woh sab wahi top companies mein invest kar rahe hain. Agar aapke paas 3 alag large-cap funds hain, toh aap effectively wahi market index ko track kar rahe ho. Isme diversification kahan hua?
Portfolio Check Kaise Karein?
Sirf fund ke naam mat dekho, unke 'holdings' check karo. Har mutual fund house ko har mahine apna portfolio overlap disclose karna padta hai. Check karo ki kahin aapke funds sector-wise toh concentration risk nahi le rahe? Ho sakta hai dono funds ne tech ya finance sector mein paisa phasa rakha ho, jis wajah se market crash par dono ek saath girengay.
Consolidation Ki Strategy
Agar portfolio overlap ho raha hai, toh turant sab kuch bechne ki galti mat karna, kyunki Exit Load aur Capital Gains Tax lag sakta hai. Best tarika ye hai ki faltu funds ki SIPs band kar do aur us paisey ko apne main funds mein shift kar do. Dheere-dheere portfolio ko clean karo.
Asli Diversification Kya Hai?
Diversification ka matlab bas funds ke naam badhana nahi hota. Apne portfolio mein equity ke saath-saath Debt funds ya dusre asset classes mix karo. Agli baar jab statement dekho, toh bas ye mat dekho ki kitni SIPs chal rahi hain, ye dekho ki aapka paisa kin stocks mein invest ho raha hai.