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POSTED BY ON May 21, 2014 10:33 pm COMMENTS (2)
I am considering following portfolio (SIP PER MONTH) for my daughter 19 yr old
ICICI PRU REG GOLD FUND 5000/-
ICICI PRU NIFTY JR INDEX FUND 5000/-
FI PRIMA FUND 4000/-
QTM LTE FUND 6000/-
ICICI PRU TOP 100 4000/-
HDFC INDEX – SENSEX 4000/-
ICICI PRU INDEX NIFTY 5000/-
PPFAS LTV FUND 3000/-
IN ADDITION 1 LAC PA IN PPF AND FDs OF REST OF MONEY. IS IT OK, EXPERTS ADVICE PLEASE.
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I hope you are not starting a PPF account now. Since it is for 15 years and if you start now, it will mature in 2029, by then your daughter would be 34 yrs. I am sure you must be planning for her marriage, so please do consider the maturity time of PPF.
Investing in FD is ok, but it is not going to get you high returns as these are not going to beat inflation. Today return on FD is about 8.5 to 9%, whereas inflation is almost 7-9%. You may consider debt funds instead of FD, if you are looking at somewhat 5 yrs or above.
As far as SIPs in above funds is concerned, these are way too many and also there must be good amount of duplication among their holdings. So please select the funds carefully and not just last 1-3 yrs returns / ranking. Out of these 8 funds, select just 2-3 funds.
Ashish
Sir, Why so many funds? You will spend too much time maintaining these.
Your query is perfect for a financial-planner.