Dear Sree,
Last year i started my investment portfolio with your help and recommendations. Below is my current portfolio. I need to invest 10-15K / month more apart from the below investments. Can you please relook and suggest the best SIP's. I have a 4 year old son and want to invest for his education. My 2nd goal is buying a house.
1.Axis ELSS – 3000/m - 1st year - 5k/month, 2nd year -3000/month. Stopped as of now. How much should i invest in Axis ELSS.. or any other ELSS?
2.HDFC balanced Fund: 2000/m - invested for 3 years . 15 emis paid..21 remaining
3. Franklin Prima fund – 3000/m - 1 year done. should i continue?
4. ICICI value discovery fund: 2000/m - 1year done, should i continue?
5. DSP BR micro cap fund – 2000/m - 1year done, should i continue?
6. Franklin smaller companies small cap – 2000/m - 1year done, should i continue?
7. ICICI Pru dynamic Bond fund: 50000 since june’16 - should i continue?
8. Reliance Cash Liquid – 75000 since oct’16 - when do i withdraw . Not much idea about liquid fund withdrawals.
9.Franklin TMF Super Inst Plan – 75000 since oct’16 - when do i withdraw . Not much idea about liquid fund withdrawals.
10. Axis FD -50000 for an year - maturing in September 2017. What should do of this amount?
11. Term plan of one CR from ICICI pru
Have around 1 lakh laying idle in account. Need to invest 10-15K more. Kindly relook at the whole portfolio and suggest what to continue/ change / add/ remove?
I am really looking at recommendations as in funds names, as it's very confusing to select the right mix.
Regards,
Asma Kapoor
1 Answers
Dear Asma,
You may continue with your MF investments.
8 & 9 are Liquid Funds. You may kindly go through the below articles to understand about them and how they can be useful ;
https://www.relakhs.com/debt-funds-types-benefits-risk-vs-return/
https://www.relakhs.com/emergency-fund-importance/
You may maintain Axis FD towards Emergency Fund.
You may consider investing additional amounts in the existing funds itself.
Do you have health insurance cover and Disability insurance cover?
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