No, in my opinion.However, I also saw that TD have e-series managed funds (e.g., TD Managed Index Maximum Equity Growth with MER of 1.37%); which seems to be similar to my proposed mix.
Wondering if I should stick with the split of three, or pay the higher MER for one simple fund that is balanced automatically. In other words, are the e-series managed funds worth it?
The fees are a full 1% more than eSeries.
Manual balancing costs you no fees and very little time (if you do once a year or twice a year).
If you wish to change the allocation % between the 3 funds, you can do it easily and without fees.
Why would you bog yourself down into another "managed" fund and defeat the purpose of passive indexing?
The only time you'll incur fees with eSeries is if you sell your position within 90 days of buying (check exact number of days on their website).