Portfolio advise

POSTED BY whitecar ON May 23, 2013 12:37 pm COMMENTS (9)

Hi – I have my following in my portfolio and want to invest in couple of more SIPs – purely for savings for long term (more than 10 yrs) and retirement (I’m 31 now). Please advise as to where I can invest and how much should I invest if I need 2 lacs per month after my 55. Is there a need to adjust my portfolio. Idea is to generate wealth in long term. 

BSL Relief 96- Gr – 1000

HDFC Prudence – Gr – 2000

Franklin Temp High Growth Companies – Gr  – 1000

and there is a 1 time of investment of 2 lacs split in 6 funds (50,50,25,25,25,25) – all in MIP funds of HDFC, Reliance and Birla.

 

9 replies on this article “Portfolio advise”

  1. Dear Karthik, saving for retirement should not mean that you invest in a product which has the words ‘Retirement’ or ‘Pension’ in it’s name. Please invest in the funds discussed above & later on when you are 2-3Y away from your goals, please shift major part of your corpus into Debt. Interestingly for Retirement goal, even after retirement there should be a good amount in Eq. to fight out Inflation for long term in post retired life.

    thanks

    Ashal

  2. Dear Karthik, here is my take on your funds.

    BSL Relief 96- Gr – 1000 (So far invested – 36,000) – It’s a tax saver fund, if it’s part of your 80C related saving, keep it continue. If your 80C limit of 1L Rs. is already exhausted, no need to continue in this fund. Old units ‘ll have lock in period of 3Y, so you can not redeem all units in one go. Please keep this thing in mind.

    HDFC Prudence – Gr – 2000 (so far invested – 74,000) – Continue

    Franklin Temp High Growth Companies – Gr – 1000 ( 37,000) – Stop your investment in this fund & divert the fresh SIP amount to Franklin India Bluechip fund. After exit load period is over, transfer old units also to FIBCF.

    One time investments..
    HDFC Top 200 Fund – Div – 25,000 – It’s advisable to switch it to HDFC Prudence Growth option

    HDFC Prudence Fund – Gr – 25,000 – OK
    HDFC Prudence Fund – Div – 25,000 – It’s advisable to switch it to HDFC Prudence Growth option

    Franklin India High Gr Companies Fund – Gr Plan – 25,000 – It’s advisable to switch it to FIBCF Growth option

    Reliance Gold Savings Fund-Gr plan- Gr – 50,000 – what was your thinking to invest in this Gold fund? Please elaborate. In all probability you may be already in loss here due to gold price crash.

    Sundaram Bal Fund – Appreciation Option – 50,000 – Switch it to HDFC Prudence Growth option

    Thanks

    Ashal

    1. Karthik says:

      Thanks for your suggestion…as I said I’m planning to invest in couple of more sips more focussed towards generating corpus for ritirement…would you suggest TATA retirement savings fund for that?

  3. Dear Karthik, where are the MIPs?

    Thanks

    Ashal

    1. Karthik says:

      Hi – This is my entire portfolio now…Can you please let me know your thoughts..

  4. Dear Karthik, please provide the details of all the 6-7 funds you are invested in as on date.

    Thanks

    Ashal

    1. Karthik says:

      Sure.. here it is..

      SIP..

      BSL Relief 96- Gr – 1000 (So far invested – 36,000)
      HDFC Prudence – Gr – 2000 (so far invested – 74,000)
      Franklin Temp High Growth Companies – Gr – 1000 ( 37,000)

      One time investments..

      HDFC Top 200 Fund – Div – 25,000
      HDFC Prudence Fund – Gr – 25,000
      HDFC Prudence Fund – Div – 25,000
      Franklin India High Gr Companies Fund – Gr Plan – 25,000
      Reliance Gold Savings Fund-Gr plan- Gr – 50,000
      Sundaram Bal Fund – Appreciation Option – 50,000

  5. Dear Karthik, can we have your total portfolio details?

    thanks

    Ashal

    1. Karthik says:

      Hi Ashal – Thanks for your reply. May I know what details you need?

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