My Mutual Fund Portfolio - Advice required (Retiree)

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

ranbir asked 9 years ago

I am 70 yrs old, leading a retired life (self & spouse) with fairly handsome pension & FDs in bank (int on FDs is on maturity). No liabilities. Currently an investment of 1.8L is in HDFC bal Fund & Rs 2 L each in Debt Fund of Franklin India Corp Bond Opportunities Fund Growth & BSL Med Term Plan Regular Growth. This was done about 6 months back. I have lump sum amount of Rs 4L to be invested in ELSS & any other MF for about 3 years. Your suggestion by name of the fund is requested. Also I am willing to go in for more investment based on your suggestion, keeping in mind the age factor. Med cover is available.

1 Answers

0 Vote Up Vote Down

Sreekanth Staff answered 9 years ago

Dear Sir, May I know the investment objective(s) and time-frame for these MF investments? Are you planning to invest in ELSS funds for tax saving purpose?

ranbir replied 9 years ago

Dear Mr Sreekanth,
1. Some how somewhere i have gone wrong that my mail has not reached you in pro[per sequence. I am forwarding it again..
2. I am 70 years old retired Army Officer and am drawing enough pension to take care of routine expenses, apart from this I have FDs in bank. Medically I am covered 100% Also i have invested about 4/5 months back in MF as under:-
a) BSL Medium term plan regular growth – Rs2.0 L – Debt Fund
b) Franklin India corporate bond opportunities fund growth -Rs 2.0 L – Debt Fundf
c) HDFC Bal Fund (G)- 1.8 L
3. I am willing to spend about Rs 7 to 8 L in lump-sum, time frame is say 3 years or what ever you suggest.. Objective is additional money.. I plan 1.5L in ELSS for tax saving & bal for some other scheme. But being new to MF, I seek your help as to how to go about investing this amount. I have held up investment for fairly long as the buzz was to be more careful in the present scenario. So your guidance is solicited.

Regards.Ranbir