Sir,
I am 29, self-employed, married now. I am planning to invest in Mutual funds by doing some SIPs of Rs.20K every month for a time horizon of atleast 12-15 years. My target is maximum wealth generation to secure my children's (max 2 kids) higher education and also save to plan for my early retirement. I am a moderate to aggressive investor.
I have sorted out few SIPs for my portfolio which are as follows:
1.SBI Bluechip Fund (G) - 5K,
2.ICICI Prudential Value Discovery Fund - 3K,
3.Mirae Asset Emerging Bluechip Fund - Regular Plan - 4K,
4.Birla SL Small and Midcap Fund (G) - 4k, and
5.DSP-BRTax Saver Fund (G) - 4K.
I request you to advice me and let me know if my portfolio will be ideal as per my requirement and time that I am willing to invest. And aso I wish to invest a lumpsum amount of Rs.5 lakhs and request for your suggest as to which funds I can invest this amount in for 15years time.
Thank you
4 Answers
Hi,
Your Current MF portfolio looks fine.
If you would like to consider a Small cap fund which has higher allocation to Small cap stocks then Birla Small & medium may not be the right choice. Currently, it has 70% to mid-cap stocks. You may consider Franklin Smaller cos fund in its place.
Are you investing in DSP fund for tax saving? (or) just for diversification?
You may start STP for Rs 5 Lakh lump sum investment to mid-cap fund and diversified equity fund / an equity balanced fund.
Kindly read :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
Both funds are decent ones. Kindly note that fresh investments into Dsp micro cap fund have been temporarily suspended.
If Tax saving is not your primary investment objective, a good Diversified Equity fund can serve the purpose.
Balanced funds suggestions : HDFC Balanced fund / ICICI Balanced fund / SBI balanced fund
Mid cap - You may consider - HDFC Mid cap opportunities, Mirae Emerging bluechip, or Franklin Prima fund etc.,
Dear Sir, I was advised by an Edelweiss Tokio executive to invest some funds in two of their schemes which they showed have given a steady growth, namely Edelweiss Tokio Life - Wealth Accumulation - Accelerated Cover - Equity Large Cap Fund and Edelweiss Tokio Life - Wealth Accumulation - Comprehensive Cover - Equity Top 250. He suggested me to invest half of my amount to these two funds and the rest of the half I can invest in my selected Equity funds (to maintain liquidity). They claimed that the scheme has diversified funds allocation and come with a lock-in period of 5 years, and also will be completely tax free as per 10-10G and 80C, with an insurance coverage of a sum assured 10 times my annual investment amount. All these sounds really good, but sir I would like to have your expert opinion as I find no online sites where they are referring these two schemes as one of the best ones to invest.
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Sir instead of Birla SL Small and Midcap Fund can I opt for DSP BlackRock Micro Cap Fund – Regular Plan as their asset allocation is more with the Small cap companies. is Franklin India Smaller Companies Fund better than DSP BlackRock Micro Cap Fund – Regular Plan?
My investment in DSP-BRTax Saver Fund is more of a diversity than tax savings. But also I read in a lot of articles that an ideal portfolio should have ELSS investments. I do not have sufficient knowledge to judge this. Please throw some light on the same.
And also kindly recommend some mid-cap and balanced equity funds where I can do STP of the 5lakhs lump-sum.