I am 31 years old. I want to build a corpus of Rs 1crore in 15-17 years. I am going to invest Rs 20,000 every month in following mutual funds:
BSL Tax Relief ’96 -3K
DSP BlackRock Tax Saver -2K
Large Cap (35%)
BIRLA SUN LIFE FRONTLINE EQUITY FUND -3K
Kotak Select Focus Fund -2K
SBI Bluechip -2K
Mid Cap (10%)
Mirae Asset Emerging Bluechip Fund -2K
Small Cap (20%)
FRANKLIN INDIA SMALLER COMPANIES FUND -2K
Ralience small cap -2K
How is my portfolio? Please guide
In my view debt to equity should be around 30:70. 10% debt seems to be high risk to me. Also, a single fund in each category is suffice than holding many funds within the same category. Third, increase more in mid cap space and reduce proportionally in small cap.
Thank you for your response sir. I am keeping 10% for PPF because it has better flexibility to increase/decrease the amount every month. Actually from last 2 moths I am contributing 6K/month(30%). Second, I gone through the portfolio of the each fund to make sure not much overlapping and invested in more than one fund in same cap. And third, I am keeping Mid cap space for future investment, in case I got better income(salary). Apart from % allocation, do you think that the funds I selected are good one? If not, please let me know the fund to add/remove.