Good Evening. I like to start my SIP on below Mutual Funds. Please review.
ICICI PRUDENTIAL FOCUSED BLUE CHIP – LARGE CAP
Franklin India prima Fund – Midcap
Reliance small cap fund. – Small cap
Franklin India Prima Plus Fund -Multicap
Franklin India Ultra Short Bond Fund – Super Institutional Plan
My time Horizon : 10 years
Asset allocation : 60 :40
Invest a small portion in small cap and majority should be towards large cap in your equity portfolio. Regarding debt, the fund you selected is not meant for retail investors.
Thanks Basu Sir. I have invested Lumpsum ( 1 Lakh) in Franklin ultra short bond fund to do the STP in Franklin Smaller companies..let me know if i need to change anything
If your goal is long term and did proper asset allocation, then no need to go for STP. It is the game created by AMCs and MF advisers. Also, to park such fund, you need to invest in Ultra Short Term Debt Fund. You can keep the money in savings account or in Liquid Funds.
Thanks Basu. This Frankin fund is Ultra short term fund and they mentioned I will get more gains compared to Liquid Funds. Please correct me if i am doing anything wrong.
one more thing. This Fund not having any exit load. i can sell anytime. Please let me know
Fund may generate more return that Liquid but risk is also higher right?
yes basu.. You are right. i will move to Liquid Fund. Could you please review my equity portfolio and let me know if i need change any fund.
I already replied about your equity portfolio in above comments.