Hi:
I want your guidance regarding putting further investment in MFs. I have following folios:
[1] Principal Emerging Bluechip Fund - Growth Option
[2] Birla Sun Life Equity Fund-Plan A(Dividend)
[3] Birla Sun Life Frontline Equity Fund-Growth
[4] Birla Sun Life Pure Value Fund - Growth Option
[5] DSP BlackRock India T.I.G.E.R. Fund - Regular Plan - Growth
[6] DSP BlackRock Top 100 Equity Fund - Regular Plan - Growth
[7] Franklin India Bluechip Fund-Dividend
[8] HDFC Equity Fund - Growth Option
[9] HDFC Top 200 Fund - Growth Option
[10] ICICI Prudential Value Discovery Fund - Growth
[11] Kotak 50 - Growth
[12] Motilal Oswal MOSt Focused Dynamic Equity Fund - Regular Plan - Growth
[13] Reliance Growth Fund-Dividend Plan-(D)
[14] Reliance Growth Fund-Growth Plan-Growth Option
[15] Tata Equity P/E Fund Plan A-(Growth Option)
I have some 4 lakhs to invest. My immediate financial goals are [1] New car in 2017-18 - Around 7-8 lakhs on EMIs [2] Funding Elder son's foreign education in 2020.
Which funds should I Invest and how much?
2 Answers
Hi,
Existing Portfolio:
I believe that you have too many funds that too from the same fund category. Hence, suggest you to kindly check the portfolio overlap among the funds and try to trim down your portfolio.
Kindly read:
http://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
http://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
Purchase of Car : As the time-frame is around 1 to 2 years, you may consider investing in a Short term Debt fund for 2 years and in an aggressive MIP Fund for 1 to 1.5 year.
Read:
http://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
http://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
Education Goal :
You may consider MIP Fund + Equity oriented balanced fund for next 2 years and then shift to Debt funds or FDs.
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