Hi Srikanth ,
First of all big thanks for creating this blog, it helped me a lot to understand the investment basics and streamline my portfolio. Your suggestion helped me to get intended return toward my goal.I am a big fan of your blog and regular follower.
One year back , with your suggestion have aligned the portfolio and investing in below listed funds. Currently I am investing 3000 in each fund. I want your help to review this portfolio and suggest if nay changes need to be done.
Goal is long term wealth creation with a view of 10 year specifically for my children (Son 6 month old and daughter 2.5 yr). I am having 50 lkh term policy and home loan of 7 lakh remaining.
Can you please review the portfolio and suggest if nay change is required. Also in ICICI PRUDENTIAL VALUE DISCOVERY FUND I am not seeing much return when compared to others funds which are giving min 15 % and this fund giving mere 2% over last one year.
Also I have 5 lkh in lum sump amount which I want to invest can you suggest somthing ? Also 3 lkh emergency fund have created over the year and wanted to put in MF rather than in saving account. Can you suggest somthing for this as well.
HDFC BALANCED FUND - REGULAR PLAN - GROWTH
ADITYA BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH
Franklin India High Growth Companies Fund GROWTH
Franklin India PRIMA PLUS GROWTH
ICICI PRUDENTIAL VALUE DISCOVERY FUND - GROWTH
SBI BLUE CHIP FUND - REGULAR PLAN - GROWTH
Thanks and Regards
Ketan Shah
3 Answers
Dear Ketan,
Thank you for being a loyal reader!
1 - Do you have permanent disability risk cover in your term insurance plan?
2 - Regarding emergency fund, kindly read ;
https://www.relakhs.com/emergency-fund-importance/
3 - ICICI Value discovery is a decent fund.
If you are not satisfied with its performance, you may discontinue future SIPs and hold on the existing units, as you have two more multi-cap funds.
4 - Rs 5 Lakh lump sum investment - may I know your time-frame for this?
Hi Srikant,
Here are my answer in order you asked :
1. Yes
2. Its close to my one year expense.
3. If i decide to stop SIP in ICICI Value discovery , should I replace it with any other fund so that over all portfolio can be more balanced ? If yes then which ? 4. minimum 5 yrs .
2. Its close to my one year expense.
3. If i decide to stop SIP in ICICI Value discovery , should I replace it with any other fund so that over all portfolio can be more balanced ? If yes then which ? 4. minimum 5 yrs .
Hi,
Regarding Emergency Fund - As suggested in my related article, a combination of Savings balance + FD + Liquid fund / Arbitrage fund can be considered.
You may consider adding one Mid-cap fund as your investment horizon is long-term. Ex : HDFC Mid-cap opportunities fund or Mirae Emerging bluechip etc.,
Lump sum investment can be done in your existing balanced fund, may be through an STP (systematic transfer plan) route. Ex : HDFC Liquid fund to HDFC Balanced fund.
Please login or Register to submit your answer