My Mutual Fund Portfolio - Advice required

Q & A Forum › Category: Investments › My Mutual Fund Portfolio – Advice required

hadja asked 9 years ago

Dear Mr. Sreekanth Please give your valuable advise to rearrange or continue my MF portfolio as follows: All Schemes are started on 2012. Scheme Amount Duration Mode Axis Hybrid Series 19 Regular growth. Rs 50000 5 Years Lum sum Birla SL Manufacturing Equity Regular growth Rs 1000 5 Years Monthly SIP Reliance Close Ended Equity series B Direct Dividend Rs 2000 3 Years Lum sum UTI Capital Protection oriented scheme series IV -I(1103 days) -Regular growth Rs 200,000 3 Years Lum sum UTI Dividend Yield-Dividend Growth Rs 5000 5 Years Monthly SIP UTI Mid Cap Direct-G Rs 5000 10 Years Monthly SIP UTI Opportunities-G Rs 5000 10 Years Monthly SIP UTI Retirement Benefit Pension fund Rs 5000 10 Years Monthly SIP UTI Wealth Builder Direct - Growth Rs 5000 10 Years Monthly SIP

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Sreekanth Staff answered 9 years ago

Hi, May I know your financial goals and investment time-frame? Any specific reason/strategy for investing in multiple funds from same AMC? (UTI)

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hadja answered 9 years ago

Dear Mr. Sreekanth Thank you for your prompt reply. I have one daughter at the age of 13 and two boys at the age of 10 and 5 . My financial goal will be children study and daughter marriage and retirement corpus. There is no specific reason for investing in UTI, that time I knew only UTI MF. Thanks

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Sreekanth Staff answered 9 years ago

Hi, Axis Hyrbid fund is a Debt oriented Conservative Fund. Birla Manufacturing Equity - You may redeem and switch to better performing Multi-cap fund. You may continue with your investments in UTI Mid-cap fund. Reliance Close Ended Equity series B Direct Dividend - is a closed ended one and matures in 2019, so we can not do anything on this . This is a mid-cap fund. Suggest you not to invest in a dividend option going forward , if wealth accumulation is your investment objective. You may redeem units of UTI dividend yield and invest in a Balanced fund. You may switch from UTI opp fund to a better Large cap fund. You may swtich from UTI wealth builder to a balanced fund. As your high priority goal is kid's education , you may allocate more corpus for balanced funds and large cap funds. For your retirement goal you may consider Mid cap funds and diversified equity funds. Kindly read : https://www.relakhs.com/calculate-kids-education-goal-amount/ https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/ https://www.relakhs.com/best-mutual-fund-schemes-2017/ https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ May I know if you have adequate life insurance cover (self) and health insurance cover (for self & family)??