POSTED BY June 2, 2013 2:55 pm COMMENTS (3)ON
I wanted suggestions for chosen MFs based on life goals. Please suggest if you think it should be any different.
1) Emergency Fund: 75% Liquid fund from FT + 25% long term FDs
2) Retirement Fund: 50% EPF (cant reduce this now but %age allocation to this goal will reduce from next year onwards) + 50% in following MFs:
a) IDFC Premier Equity – 20% of 50%
b) Quantum Long term Equity – 30% of 50%
c) Franklin India Bluechip – 30% of 50%
d) HDFC Top 200 – 20% of 50%
3) Children Education Fund (kid is right now 1.5 year old): HDFC Prudence
4) Additional Expenses (Vacation, Car): HDFC Prudence
Thanks for all the help.
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3 replies on this article “Choice of MFs for various goals”
Dear HM, why limit to just 4 & not make the list 40? If 2-3 funds can not do it for you, more funds also, can not do it for you.
Thanks Ashal for the quick answer.
Do you think IDFC Premier alone is a good satellite fund. When I did the analysis for returns (3Y, 5Y) & the various ratios it can at the top.
My idea to choose 4 funds & hence HDFC Top 200 was 60:40 ratio for Core-Satellite funds.
Dear HM, for vacation & car please park in a liquid fund if the time frame is anywhere from next 1-3Y. Regarding loan term goals, please invest in only 3 funds.
IDFC Prem. Eq.