POSTED BY April 24, 2013 9:49 am COMMENTS (4)
ON
Hi
Am currently invested in the following funds through monthly SIP(Rs. 12,000 per month) –
Am investing for Long Term(10- 15 years) and am 29 years of age
I want to increase my monthly investment to Rs. 20000 per month. Please advise on how to allocate these additional Rs. 8000 per month i.e which of the above funds i should select
Also, please let me know if you think if i have too many funds in my portfolio and need to drop 1. If yes, which one should i drop
Thanks a lot for your advise
Regards,
Shashi
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Dear Shashi, please stop investing in 1 fund & keep holding the units as of now. Increase the SIP amount into your remaining funds.
thanks
Ashal
Dear Shashi, I can understand fund no. 1, 2, 3 but why 4 & 5 both are there? Please explain.
Are you having PF & PPF? If yes please specify, how much you are investing in both cases.
Thanks
Ashal
Hi Ashal – Since this was my first experience investing in mutual funds i wanted to have 2 balanced funds . I went through the performance history of both these funds and liked them for their invidividual characteristics i.e HDFC balanced for consistent performance and Prudence for its aggressive nature despite being a balanced fund. I do have PF and invest moderately in PPF as well
However i do feel that having both these funds are redundant and will have unnecessary overlaps in portfolio. I want to drop one as soon as i complete 1 year of investment(to avoid exit load)
Please suggest which one i should drop? Balanced or Prudence?
My investment horizon is in range of 15 years and am not averse to risk exposure
Any other suggestions on my mutual fund portfolio are also welcome. Many Thanks
No need for 4 and 5. Just go with 4 as it is less riskier of the two.
If I were you I will Increase contribution to 1,2 and 4 alone equally
There are many many ways to do this. No one can say which is perfect. Depends more on the time frame of the goal in this case then your risk appetite