Can you help me design portfolio for my 19 yr old daughter ?

POSTED BY sandhu b 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.

2 replies on this article “Can you help me design portfolio for my 19 yr old daughter ?”

  1. Ashish Garg says:

    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

  2. Sambaran Mitra says:

    Sir, Why so many funds? You will spend too much time maintaining these.
    Your query is perfect for a financial-planner.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today