It is not only important to follow a systematic savings strategy to build your investment corpus so as to not get into a debt of a personal loan or a home loan but also, equally important is to assess them from time to time so that the necessary changes can be made.
But making frequent changes is definitely not advised since the ups and downs of the market generally last for a short period. So you must sit tight and relax if you have invested in equities for a long period of time. Analyse your mutual funds portfolio once a year. Identify and weed out funds that are under performers and do a portfolio re balancing. Frequent re balancing suggestions will enable your financial planner, to earn more commission. So be wise, and re balance your portfolio only when there is a strong reason to do so.