Hi - I would like you to review my MF Schemes and suggest your feedback on the same. Below are the schemes and the respective allocation
Franklin Prima Plus - 23.3%
Birla Sunlife Frontline Quity - 23.3%
Mirae Asset Emerging Bluechip -23.3%
Franklin Smaller Companies - 15%
DSP BR Microcap Fund - 15%
My questions:
- My earliest goal is at-least 18 years away and hence I have gone for a diversified equity portfolio only (No Debt) - This is one thing I am unsure about despite of the fact that my investment horizon is quite long and I would be transferring desired target amount to FD about 3 years before my goal. I am an NRI and hence I do not have any PF contribution either.
- I have do not have immediate commitments now (housing loan paid up by prepayment of loan, No kids at present) and hence stepped up my contribution to SIP (in the same proportion as above) to give more time for my funds to work. I can roll-it back to original contribution when my cashflow is tight. Is it ok to do this? Or are there any alternative /better ways to invest?
4 Answers
Hi,
Your MF Portfolio looks fine.
I believe your approach is a prudent one. Invest as much as possible and as frequently as possible in Equity oriented schemes and give the maximum time to your investments to grow..
I believe that physical presence in India may not be a criteria with all the Insurers. However, you may have to bear expenses related to Medical Tests if you take policy from outside India.
Thanks for the comments!
Just hoping I have the courage to hold on to all the investments when a crash happens (haven't seen one yet in this short span eventhough I was a by-stander during the 2008 crash without any investments) - Do you have any articles written up that can help with this?
Hi,
Considering the inflation levels, especially in India, raising Education / Medical costs, there is no other option but to invest substantial amount/savings in investment avenues that can beat the inflation and taxes..
If possible and required, you may diversify across Asset classes too.
Kindly read this article :
https://www.relakhs.com/mutual-funds-subject-market-risks/
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Couple of things to add – a) I have been investing in this portfolio for the last 1 year b) I do not have a term insurance yet – I intend to purchase one when I visit India next time. I checked with online vendors like policybazaar.com and they have confirmed my physical presence is required to take up a Term Insurance.