Portfolio review – My MF Investments

Q & A Forum › Category: Financial Planning › Portfolio review – My MF Investments
Yorelakhs asked 10 years ago
Dear Shree, Please could you help me review my investment portfolio and provide your valuable suggestions and let me know for any corrections required anywhere? I am 26 years old IT professional with ~50k monthly salary. My goal is to accumulate 5 Crores for an early retirement in next 15-17 years. I have been investing in equity mutual funds since last 2 years (started with very little, Rs. 1000 per month and then increased significantly) and have zeroed in on the portfolio enumerated below. Have accumulated around 7 lakhs so far. I’m planning to increase the investments by 10-15% every year. Apart from below SIP’s, I have also invested in an ELSS fund (Axis Long Term) via lump sum to save tax. Have formed a contingency fund using ICICI & Axis liquid mutual funds. Have bought a term insurance of worth 1 Crores since last two years. Have got health insurance policy of Rs. 2.5 lakhs from the organization and I have personally bought a top-up cover worth 3 lakhs. MF Portfolio is as follows – (Have invested in all the SIP’s through DIRECT mode using Mutual Fund Utility) 1) Birla Sun Life Frontline Equity Fund – Large Cap – 3k/month 2) Mirae Asset Emerging Bluechip Fund – Mid Cap Fund – 4k/month 3) Franklin India smaller companies Fund – Small Cap – 7k/month 4) ICICI Prudential Value Discovery Fund – Multi Cap – 5k/month 5) HDFC Balanced Fund – Hybrid Equity-oriented Agressive – 5k/month 6) Birla Sun Life Monthly Income Plan || – Wealth 25 Plan – Hybrid – Debt-oriented Agressive – 4k/month
1 Answers
Sreekanth Staff answered 10 years ago
Hi, Appreciate your analysis and planning. You are on the right path  :) 1 - You may consider taking a stand-alone mediclaim policy in near future (besides company provided cover & a top up policy). Kindly note that a Super top up plan is a better choice than a Top up one. Read: https://www.relakhs.com/top-up-health-insurance-plans-super-top-up-india/ 2 - Kindly go through below article on Retirement planning; https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ 3 - Kindly note that even Liquid debt funds can be subject to risks, so you may diversify your contingency fund, have a mix of Cash/bank balance + Liquid funds + FDs/RDs etc., 4 - Your portfolio looks fine. You may continue with your investment plan. Suggested readings; https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
Yorelakhs replied 10 years ago

Many thanks Shreekanth. Will surely go through the suggestions and take corrective actions. Your blog is the reason why I started investing. You are an inspiration behind this investment planning!
Thank you once again.

Scroll to Top
Secret Link