Dear Sree..
I am back after ONE year, once again i thank for your continuous support .
GOAL :Need to have INR 30 lakhs after 12yrs and maintaining my investments as follows
ICICI Top 100- 330,000
ICICI Pru Value DIscovery- 115,000
ICICI Pru Balanced Advantage- 58,000
HDFC Mid cap Oppurtunities- 230,000
FI Smaller Companies- 252,000
QN: without increasing the investments ( agree to do re balancing on a yearly basis ) will i be able to reach my goal.. presently my portfolio generating 13% rtn.,
( if we assume, all the funds generates 11%- 12% annually will it be possible for me to achieve the goal)
Regards
Krishna
2 Answers
Dear Krishna,
Your portfolio looks fine and diversified.
Hope you are aware of the recent SEBI norms on MF reclassification.
If not, suggest you to kindly go through this article -
Why your Best Mutual Fund Schemes may not remain as ‘the best’? | Categorization & Rationalization of MFs
If we assume the current investment of Rs 9.85 lakh grows at 10% p.a., the total expected accumulation would be around Rs 30.90 Lakh after 12 years from now.
But, as you know that the returns from mutual funds are not guaranteed. As opined by you, keep an eye on the performance of your portfolio and do re-balancing if required (especially as you approach the goal year). In case, it is possible, do invest more for your Kid's education goal besides for your Retirement goal planning.
Kindly use the calculator available in this article -
Retirement Planning in 3 Easy steps
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