I am following this group/blog from last 5 month & after few study/guides I have started my first investment in ICICI Prudential Focussed Bluechip Direct(Growth) for SIP of 3000/- per Month from November – 2015.
From next month, I want to invest following funds for SIP of 3k each.
1) HDFC Midcap opportunity Direct(Growth)
2) ICICI Prudential Value Discovery Direct(Growth)
Planning to invest for Minimum 10-15 years.
I have covered my Emergency fund(3 Month in SB Account), Term Insurance(HDFC for 75 Lakhs), Health Insurance (From employer as well as Family floater for personal).
Wants your advice am I on the right path or any changes required in it.
Dinesh-Pleasure to know your progress. However, considering your investment, I felt debt portfolio is missing. When your investment time horizon is around 10-15 years, you must not invest all 100% into equity alone. Instead, create a portfolio of equity:debt in range of 60:40 or 70:30. This will create a diversification. For debt category, you can use the equity-oriented balanced funds like HDFC Balanced fund, Short term debt funds or PPF (in my view best debt product if time horizon is 15 years or so). Rest is fine to me.