Hi to all. I am 37 years old. Thanks to you all, I have now dumped my endowment policies and NFOs. Have taken adequate term cover & opened PPF account. Having dumped all rubbish previous funds, I now want to create inflation beating retirement corpus, and would like to invest via SIPs for 23 years.
1> FIBC- 37.5%
2> QLTE- 37.5%
3> HDFC midcap- 12.5%
4> SBI emerging- 12.5%
I did not choose IDFC premier equity, as:
a. IDFC as parent company has not always worked in customer’s best interest.
b. This fund is too dependent on charisma of a star fund manager.
If I take SBI emerging as sectoral fund (due to its concntrated portfolio), cant I put 12.5% of SIP money into it, provided I keep a hawkish eye on it? Just for that extra zing.
I urge everyone including all esteemed experts to enlighten me.