Investors should restart closed mutual fund SIPs to reach goals

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.

Sanjeev Rekhi is saving for his daughter’s goals and his retirement. Here’s what the doctor advised.

Portfolio check up
Note from the doctor

• Don’t invest in more funds.
• Just keep adding to existing ones.
• Opt for maximum exposure to equity funds in NPS.
• Review investments and rebalance at least once in a year.
• Reduce risk when goal is near so that you don’t miss the target.

Ravindra Nagar is saving for his child’s education and retirement. Here’s what the doctor advised.


Portfolio check up

• Started investing in equity funds to save tax 3-4 years ago.
• Goals are ambitious and need big increase in monthly investments.
• SIPs also need to be hiked by 10% every year.
• Review investments and rebalance at least once in a year.
• Reduce risk when goal is near so that you don’t miss the target.

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

Write to us for help
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.