Hi Mr Shreekanth,
I am 40 Years of age married (spouse & 8 yrs daughter) and earning 80K per month take home salary (after all deduction). My investment horizon is approx 10-15 Years max. Since i don not have knowledge in market & investment plan, i seek your advice & guidance to re-plan, streamline my investment as well as meet my basic objectives.
My primary goals and amount needed for them are as below,
- Child education and marriage at around 20 Years (2026-2031-2036) – 15 + 25 + 35 Lakhs
- Retirement at around 55-60 Years – 1.5 Crores (lump sum)
- To build a retirement fund from which I can make systematic withdrawals of about 1L monthly from 2031 onwards or 1.5L monthly from 2036 onwards
- Car in 5 Years – 5 lakhs (rest will be used from car loan; Total Value of car 15 Lakhs).
- Mid term goals like family vacations, home decoration/upgrade etc – 1 Lakhs in every year.
- HDFC Tax Saver Growth – 5K/month SIP – since Jan’15 – 95K accumulated till date.
- Axis Long Term Equity Fund Growth – 5K/month SIP – since Jan’15 -- 95K accumulated till date.
- DSP Black Rock Small & Mid Cap Fund - Regular Growth – 5K/month SIP – since Jan’15 -- 95K accumulated till date.
- HDFC Mid Cap Opportunity Fund – Growth – 5K/month SIP – since Jan’15 -- 95K accumulated till date.
- ICICI Prudential Value Discovery Fund – 5K/month SIP – since May’16 -- 15K accumulated till date.
- DSP Back Rock Micro Cap – 5K/month SIP – since May’16 -- 15K accumulated till date.
- UTI Mid Cap – 2.5K/month SIP – since May’16 – 7.5K accumulated till date
- Franklin India Prima Plus – 2.5K/month SIP – since May’16 – 7.5K accumulated till date
- DSP Black Rock Tax Saver Fund - Regular Growth – 45K onetime – since Jan’15 -- 45K accumulated till date
- ICICI Prudential Value Discovery Fund – 50K onetime – since May’16 -- 50K accumulated till date
- Birla Sun Life Frontline Equity Fund – 50K onetime – since May’16 -- 50K accumulated till date
- DSP Back Rock Micro Cap – 50K onetime – since May’16 -- 50K accumulated till date
- Birla Sun Life Banking & Financial Solution – 50K onetime – since Jan’15 -- 50K accumulated till date
- VPF – 12K/month deducted from monthly salary
- LIC – 25K/year – starts 2009 & year of maturity 2031
- Mediclame – 15K/year for 15 Lacs of Insurance
- Term Insurance – 15K/Year for 1Cr sum assured
- Post Office – 2K/month
- Are my overall investment meets my objective goals?
- I want to balance my SIP investment MF to mid (max 5 years) & long term (10-15 years). Are my all investment are in line?
- Do you find any change (stop/restart) is required to SIP investment & One-time investment for high returns?
- Do you find any switchover required in MF from one to another?
- I want to invest additional 10K/month. What will be the best MF I should choose with balancing my overall MF investment & high returns meeting my objectives.
- I want to invest additional 100K lump sum (on time). What will be best fund/policy/others should I invest?
1 Answers
Dear Samir,
1 - All the funds that you have invested in are good ones. But investing in too many funds (over diversification) may or may not be really beneficial especially if the funds are from the same fund category.
So suggest you to go through below articles and try to trim down your portfolio a bit.
http://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
http://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
http://www.relakhs.com/mutual-fund-categories-market-capitalization-large-cap-vs-mid-cap-vs-small-cap-funds/
2 - Kindly share details of your LIC policy : Commencement date, Plan name & Tenure.
3 - Post office savings - is it towards RD?
4 - Kindly use the calculators available in the below articles and calculate the approx amount to be saved for your long-term goals;
http://www.relakhs.com/calculate-kids-education-goal-amount/
http://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
5 - May I know your investment objective and time-frame for one-time investment?
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