Financial Planning & Mutual Fund Portfolio

Q & A ForumCategory: Financial PlanningFinancial Planning & Mutual Fund Portfolio
asu12 asked 6 years ago
Sir, My present age is 29 years, dependent persons -2, status- unmarried. My goals are:-
  1. Wealth creation after retirement around Rs.3 crores
  2. Marriage planning after 1 year, required- Rs.5 lakhs
  3. kid's education after 20 years, required- Rs.1 crores
  4. Kid's marriage planning after 25 years, required- Rs.50 lakhs
My present investments are:- SIP Investments:- 1. HDFC Mid Cap Opportunities Rs.1500 p.m from Oct,16 - Purpose- Wealth Creation,horizon- 30 years 2. Birla Sun Life Front line Equity Fund Rs.1000 p.m from July,17 - Purpose- Child Education, horizon-20 years 3. kotak Standered Multicap Fund Rs. 1000 p.m from April,18 - Purpose- Child Marriage, horizon-25 years All SIP investments are in Direct-Growth plan. I am going to invest in PPF of rs.1500 p.m from April,2019. I have heath insurance cover of Rs. 550000/-. At present all my sip investment are giving negative return or very low positive return. Should I continue with same funds in future also? I would like to invest more Rs.4000/- p.m in SIP and my preferences are:- 1. Axis Blue Chip Fund 2. SBI Blue Chip Fund 3. HDFC Small cap fund 4. Mirae Asset India Equity fund. what is your opinion?
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