I have the following monthly SIP portfolio for past 1 year. Can you please check if any change/switch/redeem is advisable?
Reliance Small Cap-Rs.1,000
Franklin Smaller companies-Rs.1,000
Birla Sunlife frontline equity-Rs.1,000
Reliance equity opportunities-Rs.1,000
ICICI focussed bluechip-Rs.1,000
DSP Black rock micro-Rs.1,000
Axis long term-Rs.500
Birla 96 tax savings-Rs.500
Arun-How you selected these funds? Any logic in investing in each of these funds?
These are selected based on the following:
- my previous financial advisor’s advise 1 year back
- my own research in valueresearchonline/moneycontrol
- target 2 crore after 25 years (mostly for retirement) assuming 12-14 percent annualized return.
Then what prompted you to doubt now? Also what points you and your adviser considered to arrive at these funds? Sorry for asking too many questions. But it is important to guide you.
Actually, I have no doubt and quite convinced these folio will perform over long term. But in the last one year, my MF SIP folio is just marginally positive return. I know it is due to recent market fall and SIP s are meant to be very long term. Having said that, As my advisor is not available anymore, just wanted to check with you that I am on right track or any change of fund is better. Also I wanted to check if this folio is in-line with my target ( atleast 2 crore in next 25 years).