Hi Sreekanth,
I am 36 years old and have invested around INR 7.5 lacs in the following MFs. Kindly advise if the below selection of MF Scheme & investment pattern looks fine or suggest alternate investment options which can provide decent returns than the selected funds. Please note this requirement is for long term wealth creation.
MF Scheme Name
DSP Blackrock Tax Saver Fund (G) ELSS 10,000 (SIP 10mths)+ Lumpsum 80,000
HDFC Balance Fund (G) Balanced - 10,000 (SIP 10mths) + Lumpsum 100,000
Birla Sunlife MIP Wealth 25 (G) MIP Aggressive 10,000 (7 mths) 50,000
ICICI Prudential Value Discovery (G) Diversified Equity - Lumpsum 100,000
BSL Frontline Equity fund - Lumpsum 100,000
Franklin India Smaller Companies Fund - Lumpsum 25,000
I also have invested CPSE ETF - Lumpsum 100,000 and a recent NFO Bharath 22 ETF - Lumpsum 100,000
Thanks & Regards,
prospectinvestor
1 Answers
Hi,
Your portfolio looks fine.
Given a choice, I prefer to stay away from CPSE and Bharath ETFs, way-too risky. Hope, you are aware of the risks associated with them. I would prefer investing in regular diversified equity fund to these ETFs.
Suggested readings :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/200-day-moving-average-dma-mutual-funds/
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