MF - Suggestions - Q & A Forum

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vijaya asked 7 years ago

Dear Mr.Sreekanth, 84 year old mother and me ...i am 55. Practising Doctors with regular monthly incomes from practice., No particular goals. No time frame. Questions: 1.Is it wise to park money in Equity Funds only ?(considering that the Markets going down.) 2.So what should be the percentage of fund allocation in Equity,Balanced and Debt at this time of the year October 2018 ? 3.Why does everyone talk about the elections in 2019 ? 4.Is it okay to invest in new fund houses or stick to investing in the existing ones in the portfolio? Please reply by Monday 22nd. Regards, Vijaya

2 Answers

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Sreekanth Staff answered 7 years ago

Dear Vijaya ji, Could you kindly share the MF scheme names that are part of your Portfolio??

vijaya replied 7 years ago

Sure Mr.Sreekanth

84 year old mother
EQUITY FUNDS

1.HDFC Capital builder fund
2,HDFC Equity fund
3.Axis long term
4.HDFC Midcap Opportunities
5.Birla Frontline Equity
6.ICICI FMCG
7.SBI FMCG
8.L and T Midcap
9.SBI Blue chip

BALANCED MF

1.HDFC Balanced Fund
2.Tata Balanced Fund
3.Balanced 95
4.HDFC Prudential
5.SBI Balanced
6.Birla Balanced
7.HDFC Balanced Advantage

DEBT MFs

1.HDFC MIdterm Opportunity Fund
2.ICICI Prudential Advisor Series Dynamic Acrual
3.Birla Sunlife Treasury Optimizer Fund

Vijaya -age 55

EQUITY

1.Birla top 100
2.SBI Blue Chip
3.HDFC Small cap
4.Axis long term
5.HDFC Midcap Opportunity
6.Birla Frontline
7.ICICI FMCG
8.SBI FMCG
9.L and T Midcap

BALANCED MFs

1.Tata Balanced
2.HDFC Balanced
3.ICICI Prudential Advantage Fund
4.Birla Frontline
5.SBI Balanced
6.HDFC Balanced Advantage
7.HDFC Hybrid

DEBT MFs

1.Birla Sunlife Medium term
2.BSL Dynamic Retail
3.HDFC MTOGT
4.ICICI Prudential Advisor Series
5.BSLTreasury Optimizer

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Sreekanth Staff answered 7 years ago

Dear Vijaya ji, I believe that you have invested in way too many funds. Too many funds may lead to over-diversification and may not really beneficial. You may kindly take help of a fee-only advisor/planner and try to trim down your Portfolios as per your Investment goals and time-frame. As your objective is to build wealth, advisable to invest in current market dips. Can consider investing in some of your existing MF schemes itself. Related articles :