ICICI PRU BALANCEADV (G) 3000 monthly
TATA BALANCED RP (G) 3000 monthly
ICICI PRU LONGTERM (G) 8000 monthly
RELIANCE LIQUIDITY (G) 4100 monthly
DSP BR MMF (G) 1000 monthly
Please suggest if I need to remove any of the above or should i continue with them for horizon 15 years.
Also, i want to invest lumpsum of 5 lacs immediately lockin period of 5 to 8 years where i can get max returns ? pls advise
I am a Moderately High Risk Taker
How you selected these funds? Whether your lump sum investment period is 5 years or 8 years (just need specific answer).
I have selected the above funds based on suggestions and blogs I read online, I am not an expert in this.
For Lumpsum investment I seek your help in choosing the right product, investment horizon is 8 years only.
See, for your 15 years goal first try to do proper asset allocation like debt:equity in ratio of 30:70. For debt, even you can utilize PPF or use the short term debt funds like HDFC Banking PSU Debt Funds. For equity, two funds are enough. One large cap like Birla Sunlife Frontline Equity or Franklin India Bluechip Fund. One mid cap like HDFC Midcap Opp Fund or Franklin India Prima Fund.
For your 8 years lump sum investment, debt to equity must be in ratio of 65:35. For debt, again use the same fund which I selected and shared above. For equity also, same two funds.
That’s it. The foremost important of investing is keeping investments simple. There are many ways to complicate. But keep it simple.