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POSTED BY ON November 27, 2012 6:56 am COMMENTS (3)
I’m 31 and planning to retire in 25 years. My current monthly expenses are around 20K and planning to invest 15K regularly in SIP for retirement expenses alone – I put these numbers to get retirement goal – 15% return and 10% inflation.
Few funds in my mind are
HDFC Prudence / Balance – 5K
HDFC Top 200 / HDFC Equity / UTI Opportunities – 5K
Franklin India Bluechip / ICICI Focused Bluechip – 5K
IDFC Premier Equity – 5K
Your suggestions are always welcomed.
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Raj,
HDFC Equity – Multi cap
Franklin India Bluechip- large cap
IDFC Premier Equity- small and midcap
this should provide enough diversification to your portfolio
Thanks Manish. I’ll try with Jagoinvestor tools as well.
My main concern was does these funds provide enough diversification? When I used Morningstar x-ray to analyze these funds after finalizing HDFC Prudence, UTI Opportunities, and IDFC Premier Equity sector allocation ratio looked like 10:30:60 (Software/Tele vs Financial Services vs Consumer Goods/Industrial Materials). Is it a good sector allocation?
I’ve added HDFC Prudence to mitigate the risks, but since I’m a NRE can I use FDs and a introduce a high risk / high return fund to achieve the same goal?
Yes these are good funds to start with , but does the amount of 15k investments for next 25 yrs generating the kind of corpus you want ?
I would say use our retirement calculator – https://www.jagoinvestor.com/calculators/html/Retirement-Calculator.html