June marks the halfway point of the financial year. It is a good time to pause and look at where your investments stand.

Most investors set up SIPs or buy funds in April and then forget about them until March. That is a mistake. Markets move. Your goals change. Tax rules update with the Union Budget. A mid year review helps you catch problems early and make small adjustments before they become big ones.

Here are five things to check in your portfolio before June ends.

 

Key Takeaways Review your SIP amounts against your current income and goals at least once a year. Check whether your asset allocation has drifted from your original plan due to market movement. Verify your ELSS investment is on track to use the full Section 80C limit of Rs. 1.5 lakh. Confirm your nominee details are updated across all mutual fund folios, demat accounts, and insurance policies. A mid year review is not about changing everything. It is about making sure your plan still fits your life.

Check 1: Is Your Asset Allocation Still Where You Want It?

Asset allocation means how your money is split between equity, debt, and other asset classes like gold or bonds.

When you first invested, you may have decided on a 70 to 30 split between equity and debt. But markets do not stay still. If the Nifty 50 has moved up significantly in the first half of the year, your equity portion may now be 80 percent of your portfolio without you doing anything.

This is called allocation drift. It happens to every investor.

Why it matters

A higher equity allocation means more risk. If you are close to a financial goal, say a child’s education fee that is due in two years, carrying too much equity is dangerous. A correction could hurt you at exactly the wrong time.

What to do

Log into your mutual fund account or demat account. Check the current value of your equity funds versus your debt funds. If the split has moved more than 5 to 10 percent from your target, consider rebalancing. Rebalancing means moving some money from the over-weighted asset class to the under-weighted one.

You do not need to rebalance every month. Once or twice a year is enough. June is a good time to do it.

 

Summary: Check your equity to debt split today. If it has drifted more than 5 to 10 percent from your plan, rebalancing is worth considering before the second half of the year.

Check 2: Are Your SIP Amounts Still Right for Your Income?

A SIP (Systematic Investment Plan) lets you invest a fixed amount every month in a mutual fund. Most people set up a SIP and leave the amount unchanged for years.

But your income does not stay the same. If you received a salary increase in April, your savings capacity has gone up. Your SIP should reflect that.

A simple approach is the 10 percent step up rule. Every year, increase your SIP amount by at least 10 percent. If you were investing Rs. 5,000 per month last year, move it to Rs. 5,500 this year.

Why this matters

Small SIP increases have a large impact over time because of compounding. An extra Rs. 500 per month today, compounding over 20 years, adds up to a meaningful sum.

What to check in June

Look at each SIP you have running. Ask yourself: Is this amount still right? Has my income changed? Have my goals changed? If yes to any of these, update the amount. Most AMC platforms and apps allow you to modify a SIP amount in a few minutes.

 

Fortune Wealth is an AMFI-registered mutual fund distributor in Mumbai. If you want help reviewing your SIP structure across fund categories, you can connect with our team. Explore SIP investment options

 

Check 3: Is Your ELSS Investment on Track for Section 80C?

ELSS (Equity Linked Savings Scheme) is a type of mutual fund that qualifies for a tax deduction under Section 80C of the Income Tax Act. The maximum deduction under Section 80C is Rs. 1.5 lakh per financial year.

Many investors wait until February or March to make their ELSS investments. This is the wrong approach for two reasons.

First, you end up investing a lump sum under pressure, which removes the benefit of spreading your investment across different market levels through the year. Second, you may miss the deadline if you are not careful.

Where you should be by June

By June, you should have invested at least Rs. 75,000 in ELSS for the year if you plan to reach the full Rs. 1.5 lakh limit by March. This assumes you are spreading the investment equally across 12 months. If you are doing a monthly SIP of Rs. 12,500 into an ELSS fund, you are on track.

What to check

Log into your AMC or platform account. Check how much you have invested into your ELSS fund between April 1 and June 30. If you are behind, increase your SIP amount or make a top-up investment.

 

Tax rules are subject to change with the annual Union Budget. Consult a Chartered Accountant for personalized tax advice before making investment decisions based on Section 80C. Explore ELSS and tax saving options

 

Check 4: Are Your Nominee Details Updated?

This is the one check that most investors skip. It is also the one that causes the most problems for families.

A nominee is the person who receives your investment or insurance proceeds in case of your death. If your nominee details are missing, outdated, or incorrect, your family may face months of legal paperwork and delays to claim what is rightfully theirs.

Common situations where nominees become outdated

• You got married but did not update the nominee from a parent to your spouse.
• You had a child but did not add them as a nominee.
• A previous nominee has passed away and you have not replaced them.

 

What to check in June

Go through each of the following and confirm the nominee is correctly named:

• All mutual fund folios (check with each AMC or your platform)
• Your demat account (with your depository participant or broker)
• All life insurance policies
• Your bank accounts
• Your NPS (National Pension System) account, if you have one

 

Most platforms allow nominee updates online. This takes 30 minutes. It can save your family months of paperwork.

 

Check 5: Do You Have Enough in Liquid Funds as an Emergency Buffer?

An emergency fund is money you can access quickly if something goes wrong. A job loss, a medical expense, or an urgent repair. The standard guidance is to keep 3 to 6 months of your monthly expenses in a liquid, accessible form.

The problem is that many investors park this money in a regular savings bank account earning around 3 to 3.5 percent per year. That is below inflation.

A better approach

Liquid mutual funds or arbitrage funds can offer slightly better returns than savings accounts for short-term money, while still being accessible within 1 to 2 business days for redemption.

What to check in June

• How much do you spend per month on all essential expenses?
• Multiply that by 4 or 5 to get your target emergency buffer.
• Check how much you currently have in liquid, accessible form.
• If the gap is large, redirect some of your surplus for the next 2 to 3 months into a liquid fund before adding to equity.

 

This is not the exciting part of investing. But it is what prevents you from selling your long-term equity investments at the wrong time when an emergency hits.

 

Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.

How to Do a Portfolio Review in 30 Minutes

You do not need a spreadsheet or a financial model to do this. Here is a simple process.

1. Open your mutual fund dashboard. Most AMC apps and platforms show your current portfolio value, SIP list, and asset allocation in one place.
2. Check the equity versus debt split. Compare it to where you want it to be.
3. Look at each SIP amount. Ask if it should be higher given any income change since April.
4. Check your ELSS investment for the year. Calculate if you are on pace for Rs. 1.5 lakh by March.
5. Open your insurance and bank app. Verify nominees on each account.
6. Check your liquid fund or savings account balance. Confirm it covers 3 to 5 months of expenses.

 

Write down any changes you want to make. Do not make all changes on the same day without thinking through the implications. Give yourself a week to act.

 

Frequently Asked Questions

How often should I review my investment portfolio in India?

A formal review twice a year is enough for most investors. Once around June and once around December or January before the tax season. You do not need to monitor your portfolio every week. Frequent monitoring often leads to emotional decisions that hurt long-term returns.

Is it a good idea to exit mutual funds during a mid year review if they are underperforming?

Not necessarily. Underperformance over 6 months is not a reliable signal. Look at performance over 3 to 5 years relative to the benchmark index and the fund category average. Exit only if the fund has consistently lagged its benchmark and category peers over 3 or more years, or if your financial goals have changed. Always consider the tax impact of exiting before making a decision.

What is the right asset allocation for an Indian investor in their 30s?

There is no single right answer. A common starting point is 70 to 80 percent in equity funds and 20 to 30 percent in debt instruments for someone in their 30s with a long investment horizon. Your actual allocation depends on your specific goals, income stability, and risk comfort. Asset allocation is a personal decision and not a one-size-fits-all formula.

Can I change my SIP amount in the middle of the year?

Yes. Most mutual fund platforms and AMC apps allow you to pause, modify, or cancel a SIP at any time with a few days notice. There is no penalty for changing a SIP amount. Increasing your SIP amount mid-year is straightforward. You can either modify the existing SIP or start a new top-up SIP in the same fund.

What happens to my mutual fund investments if I do not have a nominee?

If a mutual fund folio does not have a registered nominee, your legal heirs will need to go through a formal transmission process with the AMC after your death. This involves submitting legal heir certificates, death certificates, and other documents. It can take several months. Adding a nominee takes a few minutes and avoids this entirely for your family.

Is Section 80C deduction available under the new tax regime in India?

No. The Section 80C deduction of up to Rs. 1.5 lakh per year is available only under the old tax regime. If you have opted for the new tax regime, ELSS investments will not reduce your taxable income. Tax laws are subject to change with the annual Union Budget. Consult a Chartered Accountant before making tax-planning decisions.

How do I check if my mutual fund nominee is registered?

Log into your AMC website or the platform through which you invested. Go to the profile or account section. Look for a nominee or folio details tab. You can also check by downloading your Consolidated Account Statement (CAS) from CAMS or KFintech, which lists nominee status for each folio.

 

Ready to Review Your Portfolio? Fortune Wealth is a SEBI-registered investment firm and AMFI-registered mutual fund distributor based in Mumbai, with over 25 years of experience. We work with retail investors, HNIs, and corporate accounts across Mumbai, Thane, Navi Mumbai, and Dubai. Reach out at fortunewealth.in for a portfolio review with a qualified specialist.

 

DISCLAIMER This content is published by Fortune Wealth (fortunewealth.in), a SEBI-registered investment firm and AMFI-registered mutual fund distributor, operating as an authorized person under Motilal Oswal Financial Services. The information in this article is for educational and informational purposes only. It does not constitute personalized investment advice, a buy or sell recommendation, or a solicitation of any investment product. Readers must not rely on this content as the sole basis for any financial decision. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not indicative of future results. Tax benefits under Section 80C are available only under the old tax regime and are subject to changes in prevailing tax laws. Please consult a qualified Chartered Accountant (CA) or a SEBI-registered investment adviser before making any investment or tax-planning decision.