Hello experts,
Please provide your valuable guidance for my friend’s mutual fund portfolio. His aim is to create a corpus of Rs. 2 crore after 25 years. He can invest Rs.10,000/- per month. His risk profile is medium and risk tolerance is low. He prefers balanced funds as they are less volatile than pure equity funds. His portfolio is as below:
Core portfolio:
1) HDFC Prudence – Rs. 3000/- p.m
2) Reliance RSF Balanced – Rs. 1500/- p.m
3) Birla Sun Life 95 fund – Rs. 1500/- p.m
4) HDFC Top 200 – Rs. 1000/- p.m
Satellite portfolio :
1) ICICI Prudential Dynamic plan – Rs. 1500/- p.m
2) UTI Opportunities – Rs. 500/- p.m
3) Reliance Gold Savings Fund – Rs. 1000/- p.m
Is this a suitable portfolio for him? Suggest changes if any..
Regards,
Sreedhar