went through your blog on SIP investment for 2016 & its really helpful. Thanks for sharing the info on the SIP’s. I am 30 year old & I am investing in SIP since 2008. Due to hectic work now a days I am not able to do research on the funds. Could you please advice me on my portfolio?
My current portfolio is
SBI Emerging Business Fund – Regular – 2k
ICICI Prudential Long Term Equity Fund (Tax) – Regular – 2k
ICICI Prudential Focused Bluechip Equity Fund – Regular – 2k
HDFC Balance fund- Direct plan – growth – 2k
Franklin india taxshield – growth – 2k
Canara Robeco Equity Tax Saver – Regular Growth – 3k
Please let me know if above portfolio looks good or any change is required.
The following funds I have already completed the SIP investment in the respective dates mentioned. Lemme know if I can stay invested in all or any switch is required. all these funds I want to keep till 15-20 years.
UTI Opportunities Fund – Growth [June-2014 completed last SIP investment]
L&T Tax Advantage Fund – Growth [Jan-2013 completed last SIP investment]
HDFC Top 200 Fund – Growth [Jan-2016 completed last SIP investment]
HDFC Tax saver – Regular Plan – Growth [Sep-2014 completed last SIP investment]
HDFC Tax saver – Regular Plan – Divident [Invested in Feb 2010 ]
I wanted to start fresh investment in the following. Please let me know your view.
Franklin India Prima Plus (instead of ICICI Prudential Focused Bluechip Equity Fund )
UTI Equity Fund (instead of SBI Emerging Business Fund – Regular)
Axis Long Term Equity Fund (instead of ICICI Prudential Long Term Equity Fund (Tax)
I am bit late in the game but I want to start it asap. Currently I have no investment so thinking about long term SIP investment.
I am contributing to employee provident fund 6K per month so now want to invest in ELSS for tax saving and other non ELSS mutual funds for 20 years horizon.
I searched many sites and thinking to invest in following funds.
ELSS : Axis Bank Growth 3K and Franklin India Tax Shield 2K
Franklin midcap fund – 1500 INR
DSP BR micro fund – 1500 INR
Mirae Asset Emerginf bluechip fund – 1500 INR
ICICI Pru Value Discovery Fund : 1500 INR
UTI or Birla : 1500 INR
HDFC balanced fund : 1000 INR
Please suggest what should be the balanced portfolio with some high risk for next 20 years investment.
15,000 per month for ELSS and non ELSS would be fine for my daughter education, marriage etc.?
I noticed your are suggesting 4-5 funds but I am not having that much of idea so need your inputs for 15K investment in ELSS and non ELSS funds. I am 33 year old so thinking to take little high risk to maximize the return in 15-20 years.
What is your time period?
I want to stay invested for 15-20 years
All money I am currently investing is for my retirement (25 years). Then 2 funds I am planning for my daughter higher education (15 years)
Do you feel these many funds necessary? Maximum 3-4 funds are enough. First try to consolidate and bring to the numbers I suggested.
Shall I consolidate all the funds in following funds.
Franklin India Prima Plus – 3k
UTI Equity Fund -3k
Franklin india taxshield -3k
HDFC Balance fund- Direct plan -3k
Franklin India Prima Plus and UTI both are multi cap funds. Retain one fund among them. Also, try to include one pure large cap fund like Franklin India Bluechip Fund. Rest is fine, but try to do asset allocation of 30:70 between debt:equity.
For both 15 years and 25 years goals, you can use the same funds. No need to add new funds for each new goal.
Thanks sir for your valuable reply. Based on your suggestion I will be including one large cap fund & one smaller cap in my portfolio. The final portfolio looks like this
Franklin India Prima Plus – 3k
SBI Blue chip Fund (G) – 3k
HDFC Balanced Fund – 3k
Franklin india taxshield – 3k
franklin smaller company – 3k
Also I have 5k debt amount saving in regular deposit account & bonds every month. Hope this will be fine..