Guys am I doing something wrong?
I’m 19M, looking for some advice on my current portfolio. I’m relatively new to investing and would appreciate some honest feedback from people who have more experience.
Currently, I’m holding:
FMCGIETF – 38 units, Avg. ₹53.07
MIDCAPETF – 175 units, Avg. ₹23.97
NIFTYBEES – 18 units, Avg. ₹280.28
PHARMABEES – 73 units, Avg. ₹27.49
Total invested: ₹13,354
Current value: ₹12,897
Overall P&L: -₹457 (-3.42%)
I’m planning to hold these for the long term, but I’m not sure if my portfolio is properly diversified or if I’m unnecessarily overlapping different ETFs.
I’d like to know:
Is this portfolio reasonably diversified?
Are there any ETFs here that I should reconsider?
Should I add any other type of ETF, or keep things simple?
If you were building this portfolio for the long term, what would you change?