I have a portfolio of mutual funds of worth 69Lakhs after the SIPs for December month were done. I invest another 50K as part of SIP though with December all my active SIPs are over. I will be continuing the SIP by initiating new SIPs of same amount. As of now around 70% of my protfolio is debt and the rest in equity (Assuming 65% equity for balanced funds and 20% equity for other hybrid plans). My target is to have a 50:50 debt,equity proportion as I am not comfortable with more equity. I made a plan of maintaining the following portfolio.
10% each in HDFC top 200 and ICICI discovery, 15% each in HDFC prudence and Reliance RSF balanced and 25% each in Reliance MIP and HDFC MIP – LTP.
This gives around 50-60% in equity and 40-50% in Debt for me. I am thinking of transfering all my funds to direct investment plans from January. So I will initiate new SIP in this proportion once the situation for those plans gets clear and I will transfer my exisiting portfolio in this proportion by redeeming and investing at a shot if and when they get redeemed (in case of FMPs) or turn into long term investments. For the new SIPs, I will create in this proportion from the begining. Can you give comments on my plan?
My existing portfolio is HDFC top 200 – 1.75%, ICICI discovery – 4.5%, BSL div yield and UTI div yield – 1.75% each, HDFC prudence – 10%, Reliance RSF Balanced – 6.5%, Reliance MIP – 12%, BSL multiple yield – 17%, HDFC high interest – 3%.
One HDFC 1120D FMP (maturing in June 2015) – 15%, One Reliance FHF XIX series and Reliance Dual advantage FTF series J – 13.5% each maturing in May 2014. (The percentages are approximate so may not add upto 100).