Dear Sreekanth,
My present portfolio is given below:
- Birla SL – Equity Fund Dir (G) SIP 6000 (started April 17 & wish to continue for 7-10 Yrs)
- HDFC – Midcap Opertunity Fund Dir (G) SIP 6000+70000 (started February 17 & wish to continue for 7-10 Yrs)
- HDFC – Balance Fund Dir (G) SIP 6000 (started February 17 & wish to continue for 7-10 Yrs)
- Franklin India Smaller company fund Dir (G) SIP 6000 (started July 16 & wish to continue for 7-10 Yrs)
- DSP BL Natural Resources Fund Dir (G) Lump sum invested from last one year 1.25Lakh (Should I continue invest this fund !)
- SBI Blue chip Fund Dir (G) SIP 5000 (started July 16 & wish to continue for 10 Yrs)
- Birla SL. Balance 95 Fund (G) One time invested 50000 Oct. 16 (Showing 10% return till today)
- ICICI Prudential Long Term Plan Dir (G) One time invested 100000 April. 17 (For long term security)
- Birla Sun Life Monthly Income Plan II - Wealth 25 Plan Dir (G) One time invested 70000 May. 17 + planning to invest 50000 more.(For only 4-5 years)
5 Answers
Dear Ranjan,
1 - You may discontinue with your investment in DSP Natural resources fund and switch to a balanced fund.
2 - Other funds are fine.
3 - ICICI Long term fund - Is this a debt fund?
4 - I believe that you are under-insured. Suggest you to buy a term insurance plan with adequate life cover at the earliest. Once you get the cover, you may discontinue existing high cost and low yielding traditional life insurance plan.
Kindly read :
https://www.relakhs.com/best-online-term-insurance-plans-india/
https://www.relakhs.com/insurance-importance-life-health-accident-covers/
https://www.relakhs.com/traditional-life-insurance-plan/
https://www.relakhs.com/best-personal-accident-insurance-policies-in-india-details-comparison/
5 - Suggest you to maintain an Emergency fund without fail.
Kindly read :
https://www.relakhs.com/emergency-fund-importance/
6 - Kindly do not depend entirely on company provided health insurance cover. You may get yourself a stand alone family floater plan.
Kindly read :
https://www.relakhs.com/employer-based-health-insurance-plans-vs-individual/
https://www.relakhs.com/best-family-floater-health-insurance-plans-details-checklist-comparison/
7 - May I know if your mother has health insurance cover?
Dear Ranjan,
Glad to know that you made right decision by buying a Term insurance cover.
Do buy a stand-alone health insurance cover and do not depend on your company provided Health plan entirely.
Ideally, one should hold Dynamic bond funds for long-term.
Related Article :
https://www.relakhs.com/debt-funds-types-benefits-risk-vs-return/
Dear Sreekanth,
As I discussed earlier regarding ICIC PRU LONG TERM Plan (Dynamic Bond fund) where I invested 1.50 Lakh on March 17. for long term purpose at least 10 yrs. But now this fund is giving negative return. Even after study I came to know that this will continue its negative flow. Please do advice or suggest a good low risk fund where I can invest 2 Lakh approx. (Lumpsum). for at list for 10-15 years.
Regards,
Ranjan
Dear Ranjan,
When you invested in this fund, you had an investment time-frame of 10 years, so why not to wait for few more years??
In case, you have decided to discontinue it, you may pick MIP fund or Equity savings Fund.
Ex :
SBI MIP Floater fund
(or)
Aditya Birla Equity Savings Fund etc.,
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