Respected Sir,
I am a private MNC employee. I have a financial portfolio as per my future goals. My investment horizon for long run like 20 to 25 years. My present age is 31 years (Married).My father is alive but he is not dependent on me. I have a family floater insurance cover of Rs.5,00,000/-.
Debt Portfolio:-
PPF Rs.5,000/- P.M. from April’2019 (for myself) and another PPF Rs. 1,500/- P.M from Sep'2020 (for my spouse), VPF @10% of my basis salary with EPF.
Equity Portfolio(SIP Mode):-
HDFC Mid cap Opportunities Fund (Direct Growth) of Rs.1500/- from Oct’2016 ( Upto Aug’2020, total investment Rs.70,500/-, I have stopped the SIP from this month.)
Kotak Standared Multi Cap Fund (Direct Growth) of Rs.1,500/- from June’2018 ( Upto Aug'2020, total investment Rs.40,500/- , I have stopped the SIP from this month) and started another SIP in the same fund of Rs. 1,000/- from Nov'2019 and still investing.
Axis Blue chip Fund (Direct Growth) of Rs.1,000/- from May’2019 and continue the SIP and step up by Rs.1,000/- from July'2020.
Axis Mid Cap Fund (Direct Growth) of Rs.1,000/- from Nov’2019 and continue the SIP and step up by Rs.1,000/- from July'2020.
Parag Parikh Long Term Equity Fund (Direct Growth) of Rs.2,000/- from Aug’2020.
I want to add another Rs.1,500/- as monthly SIP, so should I step up in any existing fund or choose any other fund like DSP Mid Cap?
Please review my portfolio and give your valuable observation
3 Answers
Hi,
May I know if you have adequate life insurance cover?
Your MF list looks fine.
However, are you aware of the recent update on 'Multi-cap funds'?? (as you have couple of Multi cap oriented funds)..
Related article :
Multi-cap Mutual Funds Asset Allocation (NEW) Rules | SEBI’s New Norms
Respected Sir,
1.I would like to inform you that I have 3 numbers life insurance policy but no term insurance. All are traditional policies. All are started by my father in my name.
2. Yes Sir, I am aware of the recent update on ‘Multi-cap funds’ and I have already read your article regarding this topic.
So, please give your suggestion regarding my existing equity investments along with additional investment option for Rs. 1,500/- per month. Should I continue my existing portfolio or need any change? and please suggest a good term insurance plan for myself.
Please comment on Motilal Oswal Nasdaq 100 FOF?
Hi,
1 - Suggest you to kindly get a term life insurance cover and then can get rid off unwanted policies (if any).
Read :
2 - Ok.
Your portfolio looks ok.
You can continue with your investments. Regarding Multi-cap funds, kindly wait for few more months and take corrective action (if required).
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