Birla Sunlife MIP II Wealth 25 Plan (Growth) current performance

Q & A Forum › Category: Financial Planning › Birla Sunlife MIP II Wealth 25 Plan (Growth) current performance

shas asked 8 years ago

Hi Sreekanth, I've read in one of your blogs that Birla Sunlife MIP II Wealth 25 Plan (Growth) was one of your MF growth investment option for lumpsum. Is it still good to invest in that, is it still in your portfolio? I see for last 6 months its on downtrend. I've invested 1L lumpsum in that during sept-2017 but now its still going in down trend. What do you suggest?

4 Answers

1 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Hi, Yes, I am still holding on to my investments in Birla MIP fund. I expect returns of around 8 to 10% from this fund and I am happy that this fund is meeting my expectations. The debt market is not doing that well for the last 12 months or so. Let's not expect great returns from debt oriented products for next 6 to 12 months or so. May I know your investment time-frame?

shas replied 8 years ago

I do not have immediate needs though, I had some lumpsum to invest & I wanted to start investing for future savings (min. 7 years) also by saving tax. So went through blogs including yours to invest in MF 🙂 below are my current investments: could you please let me know if they are fine to continue & any additions/changes required?

Axis Long Term Equity Fund – Growth –1 L lumpsum in May’17
SBI Blue Chip Fund – Growth –1 L lumpsum in Sep’17
HDFC Balanced Fund – Regular Plan – Growth —1 L lumpsum Sept’17
Aditya Birla Sun Life MIP II – Wealth 25 Plan – Growth —1 L lumpsum Sept’17

SIPs:
Mirae Asset Emerging Blue Chip fund Small & Mid Cap 5000
Reliance Small Cap Fund (G) Small & Mid Cap 2000
HDFC Balanced Fund Balanced 2000
Axis Long Term Equity Fund – Growth (ELSS) ELSS 6000
Aditya Birla Sun Life Tax Relief 96 (G) –ELSS Balanced ELSS 6500

Appreciate your review & suggestions?

0 Vote Up Vote Down

shas answered 8 years ago

Thanks sreekanth for response. I do not have immediate need, wanted to invest for wealth growth for next 7+ years. Went through blogs about MF including yours & invested in MFs as below since last year, including tax saving lookout under 80C. Lumpsum Axis Long Term Equity Fund - Growth 1 Lakh May'17 SBI Blue Chip Fund - Growth 1 Lakh Sept'17 HDFC Balanced Fund - Regular Plan - Growth 1 Lakh Sept'17 Aditya Birla Sun Life MIP II - Wealth 25 Plan - Growth 1 Lakh Sept'17 SIPs Started in 2018 Mirae Asset Emerging Blue Chip fund Small & Mid Cap 5000 Reliance Small Cap Fund (G) Small & Mid Cap 2000 HDFC Balanced Fund Balanced 2000 Axis Long Term Equity Fund - Growth (ELSS) ELSS 6000 Aditya Birla Sun Life Tax Relief 96 (G) --ELSS Balanced ELSS 6500 Could you please review my portfolio & let me know if it is OK or need any changes? Appreciate your time.

0 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Hi, You may kindly continue with your investments! Kindly read : https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/

0 Vote Up Vote Down

shas answered 8 years ago

Thanks for the answer.