Dear Mr. Reddy
My existing portfolio managed by my Relationship Manager. I am 66 years of age and have no liabilities. Your review and recommendation will be much appreciated.
Regards
Mohammed
Mutual Funds Start Date: Current Value Rs. Gain Rs.
1. HDFC Prudent Fund Growth Feb 2012 93,249 51,325
2. HDFC Regular Saving FG June 2017 221,663 250
3. ICICI Prud. Sort Term RPG June 2013 1,189,927 352,171
4. Birla SLF Equity Fund Growth Feb 2012 1,038,896 532,550*
5. Franklin India Bluechip Fund Growth Feb 2012 367,441 180,352
6. Franklin India Prima Fund Growth July 2014 173,851 74,819
7. Franklin India Prima Plus Growth Jan 2017 666,713 46,714**
8. HDFC Equity Fund Growth Jan 2017 128,511 8,511^
9. HDFC Midcap Opp. Fund Growth Dec 2013 13,098 8,098
10. HSBC Midcap Equity Growth May 2017 20,025 025!
11. ICICI Pru.Foc.Blchip Eqt.Fund RPG May 2017 339,927 161,884!!
12. ICICI Pru.Val. Disc. Fund RPG July 2014 143,823 44,608
13. IDFC Premier Equity RPG April 2012 46,272 28,601
14. Birla Sun Life Savings FG June 2017 517,370 623
15. Franklin India Ultra STBF SIPG June 2017 2,284,911 4700
16. ICICI Pru.Flex. Income RPG June 2017 967,240 1690
Total Investment 82, 129, 917 14, 88,823
*SIP @ Rs. 10,000/pm Initiated Feb 2012 and Closed Jan 2014
**SIP @ Rs. 20,000/pm Initiated Jan 2017 with Lump sum of Rs. 500,000/ one time investment in Feb 2017.
^ SIP @ Rs. 20,000/pm Initiated Jan 2017
! SIP @ Rs. 10,000/pm Initiated May 2017
!! SIP @ Rs. 20,000/pm Initiated May 2017 & Merged earlier Funds from 2012 with this.
Booked profit and invested in Liquid Funds for further investment.
10 Answers
Hi Sir,
Are these unrealized gains?
May I know the reason for investing in so many schemes?
What are you investment objective(s) and time-frame?
Hi Mr. Reddy,
Yes they are Unrealized Gains. Reason for investing in these schemes is Diversification. Investment objective is Wealth Accumulation. Time Frame is 7 to 10 Years.
Regards
Mohammed
Hi Sir,
Too many funds that too within same fund category may not be really beneficial. You may request your Advisor to trim down your portfolio a bit.
Kindly read :
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-categories-market-capitalization-large-cap-vs-mid-cap-vs-small-cap-funds/
Hi Sir,
(Below is my reply to your PVT query..)
I somehow getting a feeling that your banker/RM is mis-leading / mis-guiding you. (I may be wrong)
How are they going to transfer your assets by suggesting an ULIP under MWP Act?
Kindly read :
https://www.relakhs.com/maintenance-welfare-senior-citizens-act/
Yes, writing a WILL is a better option. Suggest you to get this done through online WILL drafting service providers or any trusted civil lawyer.
Kindly read :
https://www.relakhs.com/nominee-legal-heir-will-importance/
https://www.relakhs.com/last-will-testament-benefits/
https://www.relakhs.com/write-will-sample-will-india-draft-will/
https://www.relakhs.com/now-draft-will-online-e-will/
Dear Sir,
I am glad to know that my suggestions have been helpful and useful to you!
As discussed earlier, your age is not a criteria here, as you are planning to create a corpus/wealth for your legal heirs.
Yes, your plan of setting up STPs from liquid funds to equity funds sounds good to me.
You may consider investing in 2 to 4 funds, may be 1 each from Diversified fund, Balanced fund and Mid cap fund categories.
If you want to build a moderate risk portfolio, you may allocate higher STP amount to Balanced fund.
Personally, my favorite fund category is balanced fund (not trying to influence your thinking here!). I am strong advocate of balanced funds.
I do not provide suggestions on Direct equity.
Suggested readings :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
https://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
Thank you so much sir for your recommendation, this is very much appreciated. I am indebted to you for the advice.
Regards
Mohammed
You are most welcome sir.
Keep visiting ReLakhs.com
You may kindly share the articles with your friends and well-wishers. Thank you!
It’s my pleasure sir, not a day goes by without visiting ReLakhs. I will certainly share the articles.
Regards
Mohammed
Hi,
Given a choice and considering your profile, I would include an equity oriented balanced fund in place of TATA PE fund and Franklin Smaller companies fund instead of Birla Mdi/Small cap fund.
Thank you very much sir for your quick response and advice. I will highlight your recommendations to my wealth advisor. Your support is very much appreciated.
Regards
Mohammed
Dear Sir,
These are my suggestions and not recommendations.
Your advisor may be equally talented, may be more talented than me (considering their experience..).
So, you may kindly understand their viewpoint and then based on your requirements you may pick final MF portfolio.
All the very best!
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