Hi Sree,
After reading ur blog and some reasearch i have finalised below MFs to achive my long term goal and i am ready to wait for next 10-20 yrs;
1. icici pru focused bluechip equity-2000pm
2. franklin india prima plus-2000pm
3. HDFC mid cap-2000pm or uti midcap
4.HDFC children gift fund 2000 pm.
Please do give me your valuable feedback.
2 Answers
Hi Priya,
Considering your financial profile, investment objectives & time-frame, you may replace Franklin Prima plus with ICICI Pru Value Discovery Fund.
The portfolio overlap between Franklin prima plus and ICICI Focused bluechip is around 42%, though the overlap % is not on a higher side but let's pick a fund which can be more beneficial and can fit in to your portfolio well.
If you do not want two funds from the same AMC, you can consider Birla Sunlife Frontline Equity fund.
May I know the reason for shortlisting HDFC Childrens Gift Fund?
Kindly go through below articles;
All about Children s' Gift Funds
MF Portfolio overlap analysis tools
I have no.specific reason to select ths fund… i just thought i should i some investment fr children so i hv choosen it.. so you want me to go with ICICI Pru Value Discovery Fund, Birla Sunlife Frontline Equity fund. And HDFC mid cap-2000pm. Should i go with uti midcap instead of HDFC children gift fund… also.i need one more advice i hv 1.5 lac whr should i invest it in in stock or in mf. Plzz do advice
Dear Priya,
Instead of UTI mid-cap fund, you may consider Franklin Smaller Companies Fund (considering you have a long-term goal)..
ICICI Pru Value Discovery Fund
Birla Frontline Equity
HDFC Mid-cap opp Fund
Franklin Smaller Companies Fund.
Kindly note that I do not provide suggestions on Direct Equities (Stocks).
May I know the investment horizon for lump sum investment? Any specific investment objective?
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