Not many investors know whether they have invested in the right funds and if their fund portfolio is on track.

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures.

The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

| Nitin Mirza is saving for his children’s goals and retirement. Here’s what the doctor has advised him:

Goals

Portfolio check-up

• Investing in a mix of equity and hybrid funds for the past 4-5 years.
• Targets seem a little too high. Consider downsizing to realistic levels.
• To reach the high targets, all SIPs must be hiked by 15% every year.
• Opt for the maximum permissible equity exposure in NPS.

Investor’s existing portfolio

Note from the doctor

• Avoid investing in too many funds. Just 5-6 funds are enough.
• Also avoid tax inefficient fixed deposits. Debt funds are better.
• Review investments and rebalance at least once in a year.
• Reduce risk when goal is near so that you don’t miss the target.

|| Don’t stop SIPs due to temporary decline
Ajay Tomar is investing in equity funds to buy a house. Here’s what the doctor has advised:

Goals

Portfolio check-up

• Started investing in equity funds three years ago.
• Investments are in losses but has time to recover. Don’t stop SIPs.
• In 12 years, corpus will grow to Rs 80 lakh. Take a loan to bridge shortfall.
• Review mutual fund portfolio at least once a year. Change if any fund’s performance slips.
• Reduce risk when goal is near so that you don’t miss the target.

Investor’s existing portfolio

Assumptions used in the calculations
Inflation
Education expenses: 10%
For all other goals: 7%

Returns
Equity funds: 12%
Debt options: 8%

(Portfolios analysed by Raj Khosla, Managing Director and Founder, MyMoneyMantra)

If you want your portfolio examined, write to etwealth@timesgroup.com with "Portfolio Doctor" as the subject. Mention the following information:

• Names of the funds you hold.
• Current value of the investment.
• If you have SIPs running in any of them.
• The financial goals for which you invested.
• How much you need for each financial goal.
• How far away is each goal.