I have two daughters, the oldest is 17 and the youngest is 13. I invest money in mutual funds. I invested via systematic investment plans (SIP), i.e. approximately ??37,500 in several plans. Now I am planning my daughters’ education and marriage. I work in a private company and my monthly income is ??1 lakh.
My investments are in the Kotak Mahindra mutual fund, Nippon India ( ??2000 each), DSP Small cap Fund Regular plan, IDFC Flexi cap Growth Fund Regular Plan, Mirae Asset Emerging Service Fund Regular, SBI Banking Fincial Services Fund Regular, SBI Flexi Cap Fund Regular Plan Growth, SBI Mangnum Mid Cap Fund Regular, SBI Saving fund regular, SBI Small cap, SBI Technology Opportunities regular, Tata digital india regular, UTI Valur Opportunities regular ( ??2500), the Aditya Birla Sun Life mutual fund and the L&T mutual fund ( ??3000 each). In addition, in LIC, I pay more than ??1 lakh in the year.
-Name hidden on request
You make a monthly SIP investment of ??37,500 in equity and debt focused programs to build a healthy corpus over a period of time. The question seems incomplete as there are a lot of schemas with incorrect names in the question (instead of the schemas name the AMC name is mentioned). Regarding the existing portfolio, you can continue your SIP with Mirae Asset Emerging Bluechip Fund and UTI Value Opportunity Fund.
There are many funds in the portfolio which are thematic / sectoral in nature and not recommended for SIP. You can consider rebuilding the portfolio with a healthy mix of equities from the Large & Mid Cap, Flexi Cap, Multi Cap, Mid Cap and Value categories. Suggested funds are HDFC Large & Mid Cap Fund, Axis Growth Opportunity Fund, Canara Robeco Flexi Cap Fund, Parag Parikh Flexi Cap Fund, Nippon India Multi Cap Fund, Kotak Emerging Equity Fund, PGIM India Mid Cap Opportunity Fund and IDFC Sterling Value Fund . This way your portfolio will be diversified across category, geography, and AMCs. It is advisable to review the portfolio at least once a year.
– Sanjiv Bajaj, Co-Chairman and Managing Director, Bajaj Capital.
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