SIP for 15 years and all are Direct – Growth
1 – Axis LTE: 3000 Rs
2 – UTI mid cap: 1000 Rs
3 – ICICI Pru value discovery: 1500 Rs (Not started)
4 – DSPBR Micro cap: 1000 Rs
5 – debt investment in PPF (40K each year)
a – Review Portfolio
b – Point 3 selection is correct or not. I checked fund overlap and it is below 11%. I am little confused between Multi cap and large cap. I have coosed multi cap as ICICI pru valuse discovery.
c – I have another plan of investing 25K in Birla sunlife wealth 25 MIP for 2.3 to 3 years for short term goal. Is this correct or not.
d – goals which are 4-5 years away can I consider balanced fund. Please recommend.
Why you went for DIRECT options? How you selected these funds? Since how many days you are investing? While investing what was your expected return?
Hello Basu ji.
I am following valueresearch and your blogs.
Direct plans offer higher returns I read in blogs.
I have selected funds based on my goals.
I read about standard deviation n R square
on valueresearch. UTI and DSPBR have little
higher standard deviation. But when I check
Fund overlap its below 11%. My assumption I need
to compronise at one point while doing
selection. Thats why requested for portfolio review.
All sips I started in sept15.
I am expecting 12-13 percent return.
I don’t think UTI Midcap a necessary. Because your DSPBR have mid cap exposure of around 31% (even though it is in small cap segment). Overlap between DSPBR and UTI may be around 11% but your exposure to midcap will increase. Hence, retain ICICI, DSPBR and add one large cap like Franklin India Bluechip, Birla Sunlife Frontline equity fund. For 15 years goal, I suggest 30:70 debt:equity ratio. Hope you manage it.