February 22, 2024 10:05 am
Topic starter
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Please review my portfolio. Please suggest additions to enable achieving my goals.
Current investment is 48K per month. Can enhance to 60K per month at the maximum.
I think its thinly and widely spread. I am having a problem consolidating since 8 of 10 are consistently giving XIRR > 20% and 6 are giving >25%
Current Portfolio:
| 1 | Axis Bluechip Fund Direct Plan-Growth- 2000 |
| 2 | ICICI Prudential Equity & Debt Fund Direct-Growth- 10000 |
| 3 | PGIM India Midcap Opportunities Fund Direct-Growth- 5000 |
| 4 | Quant Absolute Fund Direct-Growth- 2000 |
| 5 | Axis Small Cap Fund Direct-Growth- 2000 |
| 6 | HDFC Retirement Savings Fund - Hybrid Equity Plan Direct-Growth- 10000 |
| 7 | Nippon India Index Fund S&P BSE Sensex Plan Direct-Growth- 3000 |
| 8 | Quant Active Fund Direct-Growth- 7000 |
| 9 | Quant ELSS Tax Saver Fund Direct-Growth- 4000 |
| 10 | PGIM India Global Equity Opportunities Fund Direct-Growth- 3000 |
Goals:
1. Wealth acceleration. Maximize returns over next 5 years- to fully pay off a new home loan to be started in early 2025.
2. Retirement savings. Need 10Cr after 15 years.
3. Kids higher education. Need 4Cr after 10 years
Current Assets:
1. Debt free, fully owned home in NCR- currently worth 3 Cr. Bought for 1.5Cr in 2020
2. Fully owned ancestral property worth 1 Cr in Tier 2 city.
3. Sovereign Gold Bonds- 5Lakhs. Invested this month.
4. Cash (in bank)- 22 Lakh
5. Old SIPs- ongoing with no fresh injection of funds- 20 lakh
Current Investments:
1. PF around 30K Per month currently.
2. PPF @ 10K per month from last 5 years and ongoing
3. Current SIP portfolio shared above
Upcoming Plans:
Will off the tier 2 property and purchase another property in NCR. Likely to cost 4Cr. 1.5Cr down payment with the rest in loan. Loan expected to start i in Jan 2025.
2 Answers
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April 6, 2024 2:56 pm
Hi dear GS,
As the market is at all time highs, the returns from all mot all the funds can be very enticing.
You may kindly first check the portfolio overlap across these funds, funds investing in same set of stocks can be redundant.
For example, in your portfolio, Schemes like Axis Bluechip Fund and Nippon India Index -S&P BSE Sensex-G, are both large cap index funds. Their portfolios overlap by around 60%. So, you may better off sticking to the index fund rather than on to actively managed fund like Axis bluechip.
Kindly read : Mutual Fund Portfolio Overlap Comparison Tools
You need to observe these funds' performance when there was/is a downturn in the market. You may have a look at their risk rations for the past few years.
Kindly read : How to select the right and best Mutual Fund Scheme based on the Measures of Volatility?
Are your old SIPs align with your future investment goals?
What is the main purpose to invest in one more real-estate property? (Rental income??)
Cheers!
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April 8, 2024 12:20 pm
Topic starter
Yes, the main idea behind investing in another property is to have long term steady income, plus to invest the lumpsum that I would get from the sale of another property
