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POSTED BY ON April 30, 2011 1:46 pm COMMENTS (4)
Hi,
I am a 37 yrs old person and have been investing in mutual funds since 2005, gradually increasing my investements. As of now, I am putting Rs 20k per month via SIPs in various funds as
| DWS Alpha Eqt Reg-G | Equity: Large Cap | Rs 2000 pm |
| Franklin India Prima-D | Equity: Mid & Small Cap | Stopped |
| HDFC Equity-D | Equity: Multi Cap | Rs 3000 pm |
| HDFC Prudence-D | Hybrid: Equity-oriented | Stopped |
| HDFC Prudence-G | Hybrid: Equity-oriented | Rs 3000 pm |
| HDFC Top 200-G | Equity: Large & Mid Cap | Rs 3000 pm |
|
UTI Dividend Yield Magnum Contra-D |
Equity: Multi Cap Equity: Multi Cap |
Rs 3000 pm Stopped |
| Morgan Stanley Growth-G | Equity: Large & Mid Cap | Rs 2000 pm |
| Reliance Growth-D | Equity: Mid & Small Cap | Rs 2000 pm |
| Sundaram Select Midcap Reg-D | Equity: Mid & Small Cap | Stopped |
| Templeton India Eqt Income-G | Equity: Multi Cap | Rs 2000 pm |
My time horizon is for long term, around 15 years. My goals are to accumulate corpus of around 50 -75 Lacs for my child’s higher education, marriage and my retirement.
I would like to get your view on my fund selection and investments.
Thanks,
Ganesh
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I will not select Templeton India Equity Fund and UTI fund from the above list. Rather I will select Reliance Regular Savings Fund – Equity and IDFC Premier Equity Fund. Don’t get attracted to funds just on the basis of short term performance. Rather, see at least 3-5 years performance and comparison with Sensex and other peers.
Hope it will help you.
InvestmentKit.com
Keep 2 multicaps (HDFC equity, TIEI)
1 mid-small cap
1 hybrid. thats it.
Thanks for the reply. Taking inputs from your suggestions and considering my existing SIPs, I am planning to reshuffle my portfolio as below
HDFC Equity-G – 4000
Templeton India Eqt Income-G – 2000
HDFC Prudence-G – 3000
HDFC Top 200-G – 3000
UTI Dividend Yield-G – 4000
IDFC Small and Mid Cap-G – 4000
In the above plan, I have 3 funds from HDFC. To prevent over dependence on one fund house, I could replace HDFC Equity with Quantum Long term Equity-G fund.
Does this look good?
-Ganesh
First of all, you have over-diversified your portfolio. Just keep 4-5 funds and manage them wisely like your children. The following portfolio will be better.
HDFC Top 200
HDFC Equity Fund
IDFC Premier Equity Fund
Reliance Regular Savings Fund – Equity
IDFC Small and Mid Cap
All with growth option.
Divide you monthly SIP amount in these funds.
Review your portfolio at least once in a year.
Also, how did you arrive at figure of Rs.75 lacs for all your liabilities? This amount is not sufficient to manage all your financial goals. Consider inflation also while selecting your target. There are various financial calculators to get the idea of such figures.
Hope it will help you.
InvestmentKit.com