I am 35 years old govt employee. CPF contribution presently is of Rs 32K pm (employee and employer together). I have adequate term insurance, mediclaim, etc. I started investing Rs 10,000 p.m. in mutual funds via SIPs from Aug 2017 with investment plan for 20 years. My Risk appetite is moderate to high. I want to accumulate wealth for my retirement fund of approx. Rs 1.5 crore from MF. I may increase my investment another 2-3 thousand from Dec’17.
Should I keep SBI balanced fund in MF portfolio considering CPF allocation towards debt fund? and please suggest portfolio modifications/additions to achieve my goals.
My current portfolio:
1.SBI Blue chip Fund (G): Rs 3K
2.SBI Balanced Fund (G): Rs 2K
3.Kotak Select Focus Fund (G):3K
4.Mirae Asset Emerging Blue chip Fund (G): Rs 2K
Thanks in advance
1 Answers
Hi,
You may go through below article regarding 'goal corpus calculations'.
https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
Your portfolio looks fine to me.
Suggested readings :
https://www.relakhs.com/best-mutual-fund-schemes-2017/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
https://www.relakhs.com/200-day-moving-average-dma-mutual-funds/
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