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Opinion on current mutual fund investments

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Hi,

I would like to take your opinion and guidance on my existing mutual fund investments.

Currently I am investing in the following funds since last 9 months. These are mainly for my kids education and I wanted to keep them for next 10 years.

Please review and let me know if I am investing in the right funds or there is any change required.

Mirae Asset Focused Fund - Regular Plan Growth - Growth (INF769K01ES4)INR 5K
Axis Growth Opportunities FundINR 5K
PGIM India Midcap Opportunities Fund Regular - GrowthINR 5K
NIPPON INDIA Multi Cap Fund - GROWTH PLAN GROWTH OPTION - GROWTHINR 5K
SBI Blue Chip Fund Reg Plan-GINR 4K

Thank you.

3 Answers
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Hello,

Did anyone help you in choosing these funds?

Or is it based on your research/analysis?

 

 

 

AKR Topic starter July 20, 2023 8:28 pm

@sreekanth I was introduced to a financial consultant from Pune by a colleague. They have suggested to invest in these.

0

Okies.

Though the selected funds are decent ones, below are my observations / suggestions;

* The portfolio overlap between Mirae Asset Focused Fund - Reg and SBI Bluechip fund is around 40%. 

* I personally, prefer Large cap index fund to actively managed Bluechip funds.

* Though SBI bluechip fund is a decent choice, you may make future investments in an index fund like UTI Nifty index fund instead of these two funds.

* Axis Growth, PGIM Mdicap and Nippon multicap funds are ok.

 

0

Suggest you to calculate the required target goal amount (for your Kids' education) and plan to increase the SIP amount (or) make additional lump sum investments whenever it is possible and/or when you believe that the markets are in correction phase.

Suggested reading:

Calculate how much you need to invest for your Kid’s Education

AKR Topic starter July 20, 2023 11:56 pm

@sreekanth Thanks a lot for your suggestions.

I’ll connect with you to understand more on right way of investment.

Sreekanth Reddy July 21, 2023 10:29 am

You are always welcome.
Keep visiting ReLakhs.com

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