Dear Mr Sreekanth,
I request you to comments on the following investment made by my son aged 42 years with a spare able amount of Rs 25000 including these investments:
UTI Mastershare SIP- Rs 1000/month since last 17 moNTHS
UTI Equity Fund SIP- Rs 1000/month since last 17 months
UTI Opportunity Funds SIP- Rs 1000/month since last 17 months
ICICI Balanced Advantage SIP- Rs 5000/month since Sept\'2016
ICICI Value Discovery Fund SIP- Rs 10000/month since Sept\'2016 .
His liability is Loan of Rs 13 lacs for housing loan. Having Term loan Policy for 75 lacs in ICICI Pru I protect. Do u suggest changing the schemes if yes which schemes and for what period. He does not need immediate funds till next 4-5 years.
Regards BISWA BIJAY PAUL
1 Answers
Hi Biswa Bijay Ji,
Can continue with ICICI funds and may consider switching from UTI funds to other schemes.
Instead of UTI opp fund, can consider Birla frontline equity fund.
As the expected time-frame is around 5 years, he may allocate more monies to large-cap & balanced funds.
Kindly read:
http://www.relakhs.com/best-mutual-fund-schemes-2017/
http://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
http://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
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