New Delhi, June 20 -- Mutual funds can be powerful wealth-creation tools, but a "buy and forget" approach may not always be the best strategy. Periodic portfolio reviews help investors ensure their investments remain aligned with their financial goals, risk appetite, and asset allocation targets. Experts explains how often should investors review their mutual fund portfolio, when rebalncing is required and what mistakes investors should avoid.

Reviewing a mutual fund portfolio should be a disciplined exercise, explains explains Arijit Sen, SEBI Registered Investment Adviser, Co-Founder, Merry Mind.

"Regular checks help you spot allocation slippage - for example, when equity exposure has grown far beyond your target because of a market r...