Dear sir,
I am currently 35 years old. I am investing in mutual fund for last three years.The amount was 7500/ month.Goal was for retirement corpus of 3-4 crore without considering inflation. My sips are regular and are mentioned below:
Uti opportunities fund: 1000/ month
Uti mid cap fund : 500/month
Icici value discovery fund: 1000/month
Icici pru focussed blueship fund : 1000/month
Axis long term equity fund (elss ) : 3000/ month.
Dsp black rock micro cap fund: 1000/month.
From june onwards I am planiing to stop all these regular fund sip ,but will not withdraw the amount. A new set of mutual funds I have added to my kitty with moderate to aggressive risk profile for two main goals.
Retirement corpus : 3-4 crore
Education fund after 16-18 years. Current value is 12 lakh.
My sip are for each goal:
Retirement: (rs. 7500/month)
Absl pure value direct-growth-rs. 2000/month
Invesco india contra fund: rs. 2000/mont
L&t mid cap fund: rs. 1500/month
Idfc tax advantage fund: rs. 2000/month
Child education (rs. 2500/month)
Sbi small cap fund: 1000/month
Axis long term equity -direct-rs. 1500/month
I have a corporate nps with current value of more than 6 lakh.
Please rate my portfolio and advise me if anything has to be changed in this.
Besides, I have a housing loan and a car loan total outstanding rs. 15 laks and emi is rs. 14000/month. I have a rd of rs. 15000/ month.
Please suggest a fund so that I can generate 15 lakhs in 7-10 years with monthly sip of rs. 5000 to close my loans.
Please guide me.
1 Answers
Hi,
ICICI Focused Bluechip & Axis LTE are decent choices. You may continue with them in Direct plans.
Personally, I would like to pick a multi-cap fund instead of Value/Focused/contra based funds.
L&T Mid-cap is a decent pick.
There are better ELSS tax saving funds than IDFC one. Ex : Franklin Taxshield/ Birla Tax Relief '96 fund / Axis LTE.
Suggest you to kindly go through below articles :
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Sir,
I’m 36, I don’t have job right now. I have my hard earnings from past 10 years of working around 8 lacks. I have 2 children, son is 5 & daughter is 2 years old. I want to invest this amount for the security of their future with a time frame of 10 years. Kindly advise where to invest.
Thank you ,