Financial advice MF portfolio for Long-term

Q & A ForumCategory: Financial PlanningFinancial advice MF portfolio for Long-term
sameerkarve asked 9 years ago
Hi Sree,   Can you please provide your inputs on this below portfolio.  I would want to invest for 22 years i.e. for my retirement. Schemes Planned Value Birla Sun Life Short Term Fund - Growth-Regular Plan Rs.  2,000.00 per month ICICI Prudential Value Discovery Fund - Growth Rs.  1,500.00 per month Reliance Medium Term Fund - Growth Plan - Growth Option Rs.  2,000.00 per month Kotak Select Focus Fund - Growth (Regular Plan) Rs.  1,500.00 per month Birla Sun Life Equity Fund - Growth-Regular Plan Rs.  1,500.00 per month L&T India Value Fund - Growth Rs.  1,500.00 per month Also, for my child education after 15 years i am planning to invest as below ; ICICI Prudential Value Discovery Fund - Growth Rs.  2,500.00 per month Birla Sun Life Small and Midcap Fund Growth-Regular Plan Rs.  2,500.00 per month Canara Robeco Emerging Equities Regular Growth Rs.  2,500.00 per month L&T India Value Fund - Growth Rs.  2,500.00 per month Please let me know if i can go ahead with this investment plans.      
1 Answers
Sreekanth Staff answered 9 years ago
Hi, Are Birla short term fund & Reliance medium term fund part of your long term MF portfolio? The other 4 funds in your Retirement goal MF portfolio are all Multi-cap funds. Though these are well performing funds, its advisable to diversify across fund categories as well.  You may consider 1-2 multi cap funds out of these four and may add one Mid/small cap fund + a balanced fund. Kid's education goal portfolio is fine.However, you may replace birla fund with an equity oriented fund. Suggested readings : https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ https://www.relakhs.com/best-mutual-fund-schemes-2017/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/calculate-kids-education-goal-amount/    
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