View on mutual funds selected - Basunivesh

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Rahul asked 2 years ago

Hi,
I am 32 years old and having kid of 3 years old and new to this MF market. I started SIP investment (in FEB 2016) of 5000 per month in below funds for 10 years at least:

1.Franklin India Prima plus fund(G) 1500 INR
2.Mirae asset Emerging blue chip reg-1500 INR
3.Tata Balanced fund -2000 inr
PPF -80,000 per year
If I need to increase my SIP investment from 5000 to 10,000 which funds to choose?above one or new one?
For lump sum investment of 50,000 to 1 lac which fund should be selected (for 10 years investment)

Question Tags: mutual funds selected, SIP

3 Answers

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basunivesh Staff answered 2 years ago

I feel the portfolio is more tilted towards midcap. Try to reduce it either retaining any one of Franklin or Mirae. Instead include one pure large cap fund. For 10 years, manage equity:debt in ratio of 40:60. Your goal is 10 years, why you are investing in PPF, which is 15 years product.

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Rahul answered 2 years ago

Thanks Basu ji.. Could you please suggest one pur large cap fund which you suggested?
Which one I need to retain?
And which fund I should select for lump sump investment of 1 lac?

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basunivesh Staff answered 2 years ago

You can invest in Franklin India Bluechip Fund. In my view, retain Mirae. For lump sum also use the same fund but with proper asset allocation based on how long you want to stay.