July 20, 2023 12:09 pm
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Mutual Funds
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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 Fund | INR 5K |
| PGIM India Midcap Opportunities Fund Regular - Growth | INR 5K |
| NIPPON INDIA Multi Cap Fund - GROWTH PLAN GROWTH OPTION - GROWTH | INR 5K |
| SBI Blue Chip Fund Reg Plan-G | INR 4K |
Thank you.
3 Answers
0
July 20, 2023 6:12 pm
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.
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July 20, 2023 9:27 pm
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.
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July 20, 2023 9:43 pm
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.
