POSTED BY June 2, 2013 2:55 pm COMMENTS (3)
ONHi All,
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.
Regards,
HM
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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
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.
Quantum LTEF
Franklin IBCF
IDFC Prem. Eq.
Thanks
Ashal