New Delhi, June 7 -- I am 41 and have been investing through SIPs in three equity mutual funds for the last seven-eight years. Over the years, my portfolio has become significantly skewed towards mid- and small-cap funds. Should I rebalance by shifting some gains into large-cap or balanced advantage funds, or should I continue with my existing SIP strategy?

-Name withheld on request

Change is the only constant in life - this saying is one of the most important parts of investing that most people fail to recognise. It's the first thing that comes to mind when reviewing anyone's long-term portfolio. Your goal and investing strategy in your 40s have to be different from what it was in your 20s and 30s. Based on this understanding, we need ...