Hello Sree,
I have been reading you blogs since 2015 and learned a lot form here. So thanks and congratulations...
Over the time, my MF looks like as....
My current SIPs from 2015 are as below. My age is 35. My plan is to continue for next 18 years...
ABSL focused equity: 3.5k /m
Axis LTE: 4k /m
Mirae asset emer bluechip: 5k /m
Principal bluechip: 5k /m
L&T midcap: 4k /m
Lumpsum in staggered manner:
icici pru val disc: 30k
HDFC hybrid equity: 40k
Mirae asset india equity: 70k
My questions to you:
- My over all portfolio overlap is below 25%. I am aware that Mirae bluechip and Principal bluechip are Large and midcap category. Currently I am maintaining like equity to debut as 70:30. Under equity large cap 65, mid 30, small 5 %. Is my portfolio looks okey...
- I am little skeptical about ABSL focused equity. Though I do not want to discontinue it. Do you see any issue with this fund. (as i have seen ABSL frontline as preferred choice in TV/news)
- Currently I have term cover provided from my employer. I have finalized Max Life insurance term plan for 1 Cr and cost coming as 13455 Rs. Is it okey.
2 Answers
Dear Mukul,
Thank you following my blog posts!
1 & 2 - You have three large-cap oriented funds ABSL focused equity (Focused Large cap fund), Principal bluechip & Mirae asset emer bluechip (large+mid-cap).
You may retain a pure large cap fund. Ex : Principal Bluechip Fund. Or can switch to a Large cap index fund like UTI nifty.
Axis LTE, L&T mid-cap, HDFC Hybrid equity, ICICI pru value discovery funds are fine.
You may also continue with Mirae Equity fund.
3 - Kindly do not depend on employer provided Term cover alone. Get a stand-alone basic term life cover at the earliest. Also, buy a Personal accident cover.
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Mutual fund investments have always been the popular choice for creating wealth in a shorter time span. An investor can choose from a wide range of funds, based on his risk appetite. You can invest in mutual funds offline or online.
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Fund allocation: Determine your risk appetite, investment amounts and allocate your funds. Diversify your portfolio for optimum gains from various funds.
Review your portfolio: Portfolio review is an important part of mutual fund investments and should be done from time to time. Reference by Angel Bee Mutual Fund.
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