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Mutual Fund Corner: Is my mutual fund portfolio good?

Updated : November 20, 2018 05:53 PM IST

Want to invest in mutual funds but don’t know how to go about it?

Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

Q: 28-year-old Raunak Surana writes to us from Rajasthan. I started investing in mutual funds since January 2018. I am currently investing Rs 20,000 per month as SIP in mutual funds linked with my goals. Please suggest me about my portfolio, are these funds good, do they need any change either in specific fund or amount of SIP pertaining to my goals.

My portfolio is:
1. For child's education - Rs 1 crore in 20 years
Funds are -
a. ICICI Bluechip: Rs 5,000 per month
b. ABSL Focussed Equity: Rs 2,500 per month

c. ABSL Tax RLF 96: Rs 2,500 per month

2. For child's marriage - Rs 1 crore in 27 years
Funds are -
a. HDFC Midcap Opp: Rs 2,500 per month

b. PPFAS Long Term Equity: Rs 1,500 per month

3. For my retirement - Rs 4 crore in 32 years
Funds are -
a. Mirae EMG Bluechip: Rs 2,500 per month
b. Axis Multicap: Rs 2,500 per month

c. Tata Consumer: Rs 1,000 per month

All funds are growth option and direct plan. I have a term plan of Rs 1.5 crore from Max Life and health insurance from Max Bupa (floater).

A: You can continue with your term and health plans.

Child’s education – Rs 1 crore in 20 years

With your current investments, you’ll be able to accumulate close to Rs 65 lakh. We would suggest you to increase your investments to Rs 15,000 and keep increasing it gradually.

You can continue to invest in ICICI Pru Bluechip Fund and ABSL Tax Relief’96.
Instead of ABSL Focused Equity, we would suggest you to invest in SBI Focused Equity Fund.

Child’s marriage – Rs 1 crore in 27 years

You will able to accumulate close to Rs 1.5 crore with your current investments for this goal. If you want to beat inflation, we would suggest you to increase the SIP every year.

You can continue to invest in HDFC Mid-Cap Opp fund.

We would suggest you to redeem your investments in PPFAS Long-Term Equity and invest in Kotak Standard Multi-Cap Fund.

Retirement – Rs 4 crore in 32 years

You’ll be able to accumulate around Rs 5.5 crore with your current investments.

You can continue to invest in Mirae Asset Emerging Bluechip Fund.

You can redeem your investments in Axis Multicap and Tata India Consumer and invest in Mirae Asset India Equity Fund and Reliance Large-Cap Fund.

Click here to watch the full episode of Mutual Fund Corner

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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