Sir,
My Present Age is 29 Years, My present portfolio :-
Sip- HDFC Mid Cap Opp fund Rs.1500/- Per Month (since Oct,16) Time Horizon- 30 years for Retirement Purpose
Aditya Birla Sunlife Front Line Equity fund Rs.1000/- Per Mont(Since July,17),Time Horizon- 25 years for Child Marriage Purpose.
Lump sum-HDFC Equity Fund Rs.30000/-(since January,17)
PPF- Rs. 2500/-Per Month since Oct,13
LIc Jeevan Anand-Rs.11000/- Per Year, Since Oct,13
Now I want to invest Rs.500000/- in a liquid fund and take a STP plan in a Balanced fund. My Selection is HDFC Balance Fund.Give me the best options for a long time horizon from your end?
Additionally, I would like to invest in two sip plan right now and my selections are :
Mirea asset Emerging blue Chip Fund Rs.1000/- Per Month for 20-25 years for child's education
Motilal Oswal Most Focused Multicap 35 plan Rs.1500/-Per Month for 30 years for a uncertain goal.
Please give your opinion about these SIP's?
I will increase 10% every year in all SIP also.
Please help me by your valuable inputs.
3 Answers
Hi,
1. May I know if you have adequate life cover through a Term life insurance plan besides your existing Jeevan Anand policy?? Kindly go through below articles :
- If Life is unpredictable, INSURANCE can’t be optional
- Traditional Life Insurance Plan – A terrible Investment option?
2- Do you have adequate Health cover for self + family and a personal Accident cover?
3 - The three funds that you have been investing in are good ones. You may continue with them.
Kindly note that Mirae Emerging bluechip will now be re-positioned from a pure Mid-cap fund to Large+Mid-cap fund (post SEBI reclassification of MF Schemes). So, you may better off investing in your existing HDFC Mid-cap fund, if looking for a mid cap fund.
You may consider Motilal Fund.
Kindly read :
- Calculate how much you need to invest for your Kid’s Education
- Retirement Planning in 3 Easy steps
- List of Articles on the key Components of Personal Financial Planning
- Why your Best Mutual Fund Schemes may not remain as ‘the best’? | Categorization & Rationalization of MFs
- Best Mutual Funds 2018-19 | Top Equity Funds post SEBI’s Reclassification
- Mutual Fund Portfolio Overlap Comparison Tools
Sir,
Thank you for your quick reply.
1)I would like to know I have a health insurance in HDFC for Rs.10,00,000/- but I have no term policy till now. I want to take it after my marriage. Please correct me I am in a wrong path.
2) I started invest in the traditional plan 4 years ago as a debt investvestment , that time I have no idea about Mutual Fund. What should I do right now ?
3) Sir, I am little confused to invest in a multi cap fund among three funds i.e. Motilal Oswal Most Focused Multicap 35 plan, ICICI value Discovery, Frankline India Equity Fund please give me the best option.
4) My father invested Rs.1,00,000/- in DSP blackrock Taxsaver Fund in March,17 for Taxation purpose. but recently I saw that Dsp ELSS fund return is very lower than Aditya Birla Sunlife Tax relief 96 fund comparatively. i know that there is 3 years lock i period but after that should we change the fund house ?
Hi,
1 - Ok, you may take Term plan after your marriage, in case you do not have dependents now.
2 - You may kindly share the Insurance plan names (four policies). Kindly provide Plan name, commencement date and policy tenure.
3 - You may pick Franklin India Equity Fund.
4 - Let's review the performance of DSP tax saver after 2 years from now.
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