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POSTED BY ON May 10, 2012 10:18 am COMMENTS (5)
Hello
I am 39 yrs old ,single and have been investing since 2 years in these Mutual Funds via SIP Monthly.
My time horizon is 15 yrs.
How is my portfolio? Does it need any correction?
Roughly how much can I generate from this portfolio.
Franklin India Blue Chip- Rs 4K
Hdfc Top 200- Rs 6k
IDFC Premiur Equity- 3K
ICICI Pru DIscovery Fund- 3k(will start this next month)
SBI Dynamic Bond Fund- 3K
Reliance Gold Saving Fund- 2K (Since last yr)
PPF – Rs 1.5 K
New Pension Scheme- Rs 3K
All r monthly SIPS…
R these funds Ok…do i need changes
…
Pls analyse my portfolio and suggest me accordingly..
Thanks…
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Dear Ashal
Thanks for the reply…Yes I m investing for my retirement..l..Remember we left our discussion in the middle at F.Book…Can u give me final picture of my portfolio with some important tips…Thanks again
Dear Reveal all, as we were discussing the matter in pvt. chat, I w’d like to discuss there itself as & when both of us are available on FB at the same time.
Thanks
Ashal
Dear Reveal all, IDFC Prem. Eq. & IPru Discovery both are mid cap oriented funds. In my opinion,. you should invest in only one of the 2 funds. As you are already investing in IDFC Prem. Eq. I w’d ask you to increase your amount there itself.
By the way, are you saving for your retirement through all these things?
Please clarify.
Thanks
Ashal
Thanks for ur advise Mr Bala Krishnan
I do not have any liablities ,loans as such. I have a medical insurance also.
Since my portfolio is very new…I am open to make changes if needed for the long run…My risk appetite is 75 %….So shall I cut down on some equity funds and increase exposure to debt .
Pls tell me which funds should I drop and which one should I include as the portfolio is too new and I have not gone too far ahead with it…
It would be appreciated if you give a detailed advice,process and procedures..I have gone thru ur rebalance articles..But as I am new…It was a bit techincal for me…So pls share that input here also seeing my portfolio..I mean what procedure should I adapt;
Thanks
Awaiting your response
Regards
have a good day
I hope you don’t have money draining liabilities like a Car Loan/Credit card dues etc. If so close them first.
You fund selection is good for wealth generation in general while I would not know it may necessarily be suited for you.
I see you have 13k SIP in Euity funds now and will start 3k more. Assuming you have invested 13k already for 2 years and assuming a 6% return over the last 2 years your fund value must be INR 332,268.50 [=FV(0.5%,24,-13000,0,1) in excel].
Thus assuming you now contribute 16k each month for 15 years then the future value assuming a CAGR of 12% would be INR 1,00,65,432.12 [=FV(1%,180,-16000,-332268.5,1) in excel] ~ 1 crore.
Similarly:
SBI Bond fund@ 9% post tax over 15 years = 11.43 lacs
Gold at 7.5% over 15 years = 6.66 lacs
I would recommend moving the NPS contributions to PPF instead. At 8% long term growth PPF corpus @ 4.5k per month=15.56 lacs
All of these have an exit load/lock in period. So if you ever want to rebalance it will be difficult. Read in detail on Asset allocation and rebalancing at http://wp.me/p1Y418-24
I would break the Bond fund contribution as 1000+2000 and move the latter to a scheme like HDFC Cash Mgmt. TAP – Monthly dividend to keep a part of the debt portfolio liquid.