Investment Advise to invest 20 Lac
Hope you are doing well.
I would like to invest around 20 Lac for 15 to 20 years of horizon. I would like to keep some amount in fix option and rest in Mutual fund.
Investment Amount : 20 Lac
Time Horizon : 15 to 20 years
Purpose : Kid Education, Kid Marriage, Retirement corpus.
Could you please suggest some good funds for same.
Very glad to see that you have been planning well on all aspects of personal financial planning!
If its ok, can you kindly share the mutual fund scheme names that you have already invested in (for Kid's goals and your long-term retirement goal)??
I could notice that you have lot of allocation to mid/small cap funds.
Suggest you to first check the portfolio overlap of these funds on this portal..
Investing in too many funds with same risk profile may not be advisable though your investment horizon is long term.
My suggestion would be not to invest in MANY funds. Over diversification is not required.
You may pick one large cap index fund, one flexi cap fund, one mid-small cap fund and a hybrid equity fund.
Has he/she suggested any correction to your portfolio?