Hai Srikanth,
I am 40 Years old Govt servant. My SIP purpose is Daughters marriage (after 18 years) & Sons Education (after 19 Yrs). I started SIP from 2010 & now cost value=4,44,000/- & Market Value=6,30,000/-. My SIPs are as follows, all are Direct Fund.
FUND SIP Amt. Mkt Value XIRR SIP Since
HDFC
- Equity Fund -SIP Rs.1500- Now Holding Rs.1,40,000/- ROI 11% -5.5 Years
- TOP-200 - 500- 1,20,000/- 10%- 5.5 yrs
- Mid Cap Opp- 2,000- 20,000/- 7% - 1 Yr
- Value Discovery- 3000/- 2,10,000/- 21% - 5.5 Years
- Dynamic 1000/ 9,000/ 9% - 0.9 yr
- Focussed BlueChip 1000/ 9,000/ 7% - 0.9 yr
- Premier Equity Fund- 2,000 16,000/- 6% - 0.8 yr
- Equity Fund -- Stopped- 39,000/- 11.7% -5.5 yr
3 Answers
Dear Sir,
Considering the fact that you have been investing in MFs for the last 6 years or so, you are surely not a novice to MF investments :)
I observe that you have invested in multiple funds within the same fund category, which may not be really beneficial in case both the funds' portfolios have high overlap percentage.
Kindly read the below articles:
For example, you have multiple Muti-cap or Diversified Equity funds like ICICI Value discovery, HDFC Equity, DSP Equity & ICICI Dynamic funds. As you are investing for long-term, you may opt for ICICI Pru value discovery fund out of these.
Also, you can opt for either Birla Frontline or ICICI focused fund, the overlap % is around 57%. You may switch from HDFC Top 200 & HDFC equity fund amounts to ICICI Pru value discovery & Birla frontline/icici focused bluechip funds.
Read:
Thanks Sreekanth,
As per your advise & guidance I decided to change SIPs as follow.
1. ICICI Pru Discovery- Rs. 5,000/
2. Birla Front Line Eqty-Rs. 3,000/
3. HDFC MidCap Oppty- Rs. 3,000/
4. IDFC Premier Eqty —Rs.2,000/
I will close HDFC Eqty, HDFC Top-200 & DSP BR Eqty and transfer all the holdings to ICICI PRU Discovery & Birla SL Frontline Eqty 50:50%.
After your concurrence I will execute the above Plans.
My target is 50 Lakhs after 17 Years(Daughters Marriage) & 50 Lakhs after 20 Years(Son's Education). Is this amount of SIP i.e. Rs 13,000 will fulfill my purpose. I can spare another 3-4 Thousand PM for SIP. In which Category i.e. Small, Mid, Large, Multi Should I put it. Please advise the best fund for long term SIP of Rs 4,000, keeping view of my above SIPs.
Hi Sir,
Your MF portfolio looks good. You may divert some portion of funds to Mid-cap funds too (as you are investing for more than 10 years, for long-term goals). Kindly note that the fund manager of IDFC premier fund has been changed, so keep an eye on its performance for the next 1 year or so.
Kindly download the calculators available in the below articles to arrive at approx savings required to achieve your goal target amounts;
Can U suggest one good Midcap fund for SIP for long term.
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Thanks Sreekanth,
As per your advise & guidance I decided to change SIPs as follow.
1. ICICI Pru Discovery- Rs. 5,000/
2. Birla Front Line Eqty-Rs. 3,000/
3. HDFC MidCap Oppty- Rs. 3,000/
4. IDFC Premier Eqty —Rs.2,000/
I will close HDFC Eqty, HDFC Top-200 & DSP BR Eqty and transfer all the holdings to ICICI PRU Discovery & Birla SL Frontline Eqty 50:50%.
After your concurrence I will execute the above Plans.
My target is 50 Lakhs after 17 Years & 50 Lakhs after 20 Years. Is this amount of SIP i.e. Rs 13,000 will fulfill my purpose. I can spare another 3-4 Thousand PM for SIP. In which Category i.e. Small, Mid, Large, Multi Should I put it. Please advise the best fund for long term SIP of Rs 4,000, keeping view of my above SIPs.