My Portfolios:-
SIP
Axis Long Term Equity Fund(Direct)- ₹1000/month
IDFC Tax Advantage(ELSS)Fund-₹1000/month
L&T Ultra Short Term Fund 1000/month
Lumpsum Investment
ICICI PRU Value Discovery Fund- ₹25000 Lumpsum
SBI Blue Chip Fund- Lumpsum ₹30000
L&T Ultra Short Term Fund- ₹25000
I have my plan of SIP for my child marriage/education. I have my plan of investment of 20-25yr and a goal of ₹25Lacs. Give me suggestion on my portfolio.
Can you tell me how long you have invested in those funds? Only then I can see if needed to change and review your porfolio.
Because MF is all about duration of investment [power of compounding]. The longer time you keep invested, the increasing multiplier to your current investment.
Sip are from past 1yr and lumpsum are last 1 month
Aaah, I bet it’s in very bad shape now, but don’t bother to get out of these funds, make it a longer horizon (15-20 years). For SIP, stay there, it can take advantage of down market, so don’t bother there too.
Do you have 6 months expenses as emergency fund allocated?
What is your risk appetite? Have you done any formal discussion with an experienced FEE only financial planner ?
Have you taken enough term insurance cover to protect your family in your absence?
Are your near and Dear ones have adequate health insurance? What about your parents?
Do you take advantage of Sec 80C benefits towards ELSS, PPF etc?
Some points to ponder before you go ahead with the above.
Happy Investing!
Cheers
Vinay
“An investment in knowledge pays the best interest” --Benjamin Franklin