SSY seems political motivated and I am not sure about their constant interest rates in future. So on safer side I intentionally investing in ELSS. I assume my portfolio looks crowded and some unnecessary funds should be omitted.
I am planning to keep 2 in Large Cap and 1 each in Mid, Small, Balanced, ELSS & Diversified Fund or you please advice which fund should I omit to keep balanced portfolio. For Additional monthly Investment(Lumpsum) I will go with short term gilt or ultra short term debt fund. Can you please advice for funds here?
I am high risk appetite Customer and can take high risk.My age is 37 years old.I want to create 4 crore wealth as part of my Retirement,Child Education,Marriage & Travel plan.
Currently I m investing Rs 29500 every month into the below SIP.
1)ELSS Category-a) L &T Tax Advantage Growth- Monthly SIP of Rs 2000
b) Axis Long Term Equity Fund Growth-Monthly SIP of RS 2000
c)Aditya Birla SunLife Tax Relief 96 Growth- Monthly SIP of RS 3000
2)Multicap Category: a)Franklin India Flexi Fund(G)- Monthly SIP of RS 3000
b)Parag Parikh Flexi Fund(G)- Monthly SIP of RS 2500
c)Kotak Flexicap Fund(G)- Monthly SIP of RS 2500
3)Largecap Category: a)Axis Bluechip Fund(G)- Monthly SIP of RS 2500
b)HDFC Index Fund-Sensex Plan G- Monthly SIP of RS 1500(Index Fund)
4)Midcap Fund: a)Axis Midcap Fund(G)- Monthly SIP of RS 1000
5)SmallCap Fund:Axis Small Cap Fund(G)- Monthly SIP of RS 2500
6)Equity Hybrid Balanced Fund:a)HDFC Hybrid Equity Fund(G)- Monthly SIP of RS 2500
b)ICICI Prudential Equity & Debt Fund- Monthly SIP of RS 3000
7)Value Oriented Fund-Invesco Contra Fund (G)- Monthly SIP of RS 1500
Goals.
1)Children study Preparation- Expenses-10 lakh(7 years from now)
2)Children Education Expenses-1 crore(9 years from now)
3)Son Marriage -80 lakh(20 years from now)
4)Retirement Corpus fund-2 crore(23 years from now)
5)Travel & Tour Expenses- 10 lakh(5 to 20 years from now).Need one SIP Fund name and SIP Amount Contribution from your end.This can be only used for Travel expeses towards india or outside india tour.
I want to do additional SIP of 20k every Month going forward.
Please review my existing Funds and let us know if you want to do any changes into existing one.
Also share the Allocation percentage or SIP contribution amount based on the funds and goals.
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