Hi experts,
Please suggest your views and changes(if any) to the following portfolio for my friend, a 30 year old person, who wants to retire with 3 crores in 15 years. His risk appetite is medium. He is willing to invest Rs. 15,000/- every month. He can invest in both equity and debt in the ratio 60:40 . He prefers having 5-8% in gold. As he does not have the time (and expertise) to do portfolio rebalancing, he prefers balanced funds. He already has two SIPs in HDFC Top 200(Rs.1000/- p.m) and UTI Opportunities(Rs.500/- p.m), the present market value of which is Rs. 21,000/-. He has shortlisted the following funds:
1) HDFC Prudence – Rs. 3500/- p.m (New SIP)
2) Reliance RSF Balanced – Rs. 3500/- p.m (New SIP)
3) DSP BR Balanced – Rs. 3000/- p.m (New SIP)
4) Birla Sun Life 95 Balanced -Rs. 2500/- p.m (New SIP)
5) Relaince GOld Savings Fund – Rs. 1000/- p.m (New SIP)
6) HDFC Top 200 – Rs. 1000/- p.m (Existing SIP)
7) UTI Opportunities -Rs. 500/- p.m (Existing SIP)
Is this a suitable portfolio for him? Any changes required?
Regards,
Sreedhar