My New Portfolio - Q & A Forum

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Black Heart asked 8 years ago

Hi, I want to do make a good portfolio. Can you please help me in creating my portfolio (with fund house name of mutual funds). I am sending you my complete financial requirements and income. Please help me as a personal favor. My salary is 17000/month . I am single. No responsibilities. No Kids.Parents are also financially independent. I have no expenses. My father takes care of all my expenses .I don't spend a penny from my salary. My Medical is covered in my father's (as he worked in railways) I don't have any property or bank balance or loans or credit cards on my name. Below are my savings. Apart from these, I can invest 5000/- more NPS(TIER-1 only) 3000/Month PPF 4000/Month Tata Balanced Fund Direct Plan - Growth 1000/Month(SIP) ICICI Focused bluechip equity direct growth 1000/Month(SIP) LIC 21062/Year ICICI Pru Life Stage Wealth II 15000/Halfyearly Please Prepare my portfolio. -- Regards BH

2 Answers

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Sreekanth Staff answered 8 years ago

Hi, 1 - Suggest you to opt for a stand-alone Medical insurance cover for self (in case, your father's employer provided cover does not provide health insurance in future..) 2 - Is NPS mandatory for you? (part of employment contributions)?? 3 - May I know the Plan name of your LIC policy? (Kindly share - policy name, commencement date & policy tenure). 4 - Suggest you to buy a Personal Accident Cover. Related article : Best Personal Accident Insurance Policies in India : Details & Comparison 5 - ICICI Pru Life Stage Wealth II is an ULIP plan. May I know the commencement date and its tenure. Are you happy with the its performance? 6 - ICICI Bluechip , you may continue with it. However, TATA Bal fund has not been performing that well for the last 2 years or so. You may consider HDFC Hybrid Equity fund (earlier known as HDFC Balanced fund) instead. 7 - Do you maintain Emergency fund? Kindly read : What is an Emergency Fund? | Why, Where & How much to save?

Black Heart replied 8 years ago

Thanks for replying me.Please see my answers .
I can save upto 5000 more.Kindly suggest MF fund houses and MF names
1 – Suggest you to opt for a stand-alone Medical insurance cover for self (in case, your father’s employer provided cover does not provide health insurance in future..)
Answer : Health Insurance is covered for whole life
2 – Is NPS mandatory for you? (part of employment contributions)??
Answer: No ,Its not from company.I have enrolled it personally. Since in my company, there is no PF, so I took NPS.
3 – May I know the Plan name of your LIC policy? (Kindly share – policy name, commencement date & policy tenure).
Answer: Policy name Jeevan Surabhi(table:106),Started on:13/9/2008,Date of last premium:13/9/2019,date of Maturity:13/9/2023
4 – Suggest you to buy a Personal Accident Cover.
Related article :
Answer: It is also covered in my father’s since he retired from railway,so all covered.
5 – ICICI Pru Life Stage Wealth II is an ULIP plan. May I know the commencement date and its tenure. Are you happy with the its performance?
Answer:Start date:3/9/2011,Last premium date:03/03/2021,Date of maturity:3/9/2021
6 – ICICI Bluechip , you may continue with it. However, TATA Bal fund has not been performing that well for the last 2 years or so. You may consider HDFC Hybrid Equity fund (earlier known as HDFC Balanced fund) instead.
Answer: OK
7 – Do you maintain Emergency fund?
Answer: I have saved 375000/- for myself in SB account for any emergency

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Sreekanth Staff answered 8 years ago

Hi, 1 - Fine. You may have a look at this option as well; Top Up Health Insurance Plans – Super Top Up Health Insurance Plans – Details & Benefits 2 - NPS, ok. You may kindly go through my articles on NPS;

3 - LIC jeevan surabhi is a money-back plan and the returns from these kind of plan can at best be around 4 to 6%. You may discontinue this one.

4 - Personal Accident cover, if permanent disability is covered then fine. Considering your profile and assuming you are planning to invest for long-term, you may pick one diversified Equity fund and one Mid-cap fund and add them to your MF portfolio. You may consider below funds; Best Multi-cap Funds 2018-19

Franklin India Equity Fund
Aditya Birla Sun Life Equity Fund

Top Mid-Cap Mutual Fund Schemes

Franklin India Prima Fund
HDFC Mid-cap Opportunities Fund

Best Mutual Funds 2018-19 | Top Equity Funds post SEBI’s Reclassification

Black Heart replied 8 years ago

Hi,

I am trying to respond on your answer but unable to do it on your website. May be my query is closed now.
I want to Thank you a lot for giving me selfless service for free.
I have invested in few MFs and Debts. My New portfolio is as below.

THANK YOU SO MUCH

National savings certificate 2 Lakhs Lumpsum
FD (LICHFL) 5 Lakhs Lumpsum
Axis long term equity fund 50000 Lumpsum
ICICI Pru Life Stage Wealth II 30000/Yearly
LIC Jeevan surabhi 21062/Yearly
NPS(Tier 1) 3000/Monthly
PPF 3000/Monthly
Atal pension Yojana 689/Monthly
ICICI Focused bluechip equity fund direct growth 1000/Monthly
Tata Balanced Fund Direct Plan – Growth 1000/Monthly
HDFC Mid-cap Opportunities Fund Direct Plan – Growth 1000/Monthly
Franklin India Equity Fund Direct Plan (G) 1000/Monthly
SBI Small and Mid Cap Fund-Direct Plan (G) 1000/Monthly

Sreekanth Staff replied 8 years ago

Hi.. May I know your query in the above follow-on comment??

Black Heart replied 8 years ago

Nothing. Just Thanking you for your selfless help

Sreekanth Staff replied 8 years ago

Oppss..oh ok.. You are welcome!