iStockI have a query regarding my investment portfolio. I am 40 years old and I am investing approximately Rs 1 lakh per month in the following mutual funds:
I have a property through which I plan to earn approximately 6 lakh per year rental income from the next year onwards.
I have two children ( 9 and 4) and the aim is to generate a corpus over the next 15 years for their needs and my retirement planning with a minimum corpus of Rs 10 crore.
Should I increase my SIP amount? Should I diversify with some international funds like Motilal Oswal Nasdaq 100 fund of fund or Parag ParekhFflexi cap fund? Should I invest some amount in SGB?
-Abhishek Gadhok
You should always choose mutual funds based on your goals and risk profile. You should also adopt a goal-based investment strategy. For example, you want Rs 10 crore for your retirement. And you have 20 years to retire. Assuming an annual return of 12% on your investment, you need to invest Rs 1 lakh every month to create a corpus of Rs 10 crore. Similarly, you should find out how much you need to invest to create your children’s college fund. First, find out the college fee now. Next, what will be the fee after 10 or 15 years. You can provide for annual inflation of 6 or 8% for the calculation. Once you know the target you can find out how much you need to invest every month. You should do the exercises for each of your goals.
You have not mentioned your risk profile. So it is not possible to comment about the suitability of your mutual fund schemes. Also, you need to map your current investments to your future plan. If you need help, you can consult a reliable mutual fund advisor or financial planner.
- Mirae Asset Large Cap Fund: Rs 10,000 (20% annual step up)
- UTI Nifty Index Fund: Rs 10,000 (20% step up annually )
- Axis Focussed 25 Fund: Rs 5,000 (step up annually 20%)
- Kotak Flexi Cap Fund: Rs 15,000
- L&T Mid Cap Fund: Rs 15,000
- Canara Robeco Flexi Cap: Rs 15,000
- SBI Focussed Equity Fund: Rs 15,000
- Edelweiss Small Cap Fund: Rs 15,000
I have a property through which I plan to earn approximately 6 lakh per year rental income from the next year onwards.
I have two children ( 9 and 4) and the aim is to generate a corpus over the next 15 years for their needs and my retirement planning with a minimum corpus of Rs 10 crore.
Should I increase my SIP amount? Should I diversify with some international funds like Motilal Oswal Nasdaq 100 fund of fund or Parag ParekhFflexi cap fund? Should I invest some amount in SGB?
-Abhishek Gadhok
You should always choose mutual funds based on your goals and risk profile. You should also adopt a goal-based investment strategy. For example, you want Rs 10 crore for your retirement. And you have 20 years to retire. Assuming an annual return of 12% on your investment, you need to invest Rs 1 lakh every month to create a corpus of Rs 10 crore. Similarly, you should find out how much you need to invest to create your children’s college fund. First, find out the college fee now. Next, what will be the fee after 10 or 15 years. You can provide for annual inflation of 6 or 8% for the calculation. Once you know the target you can find out how much you need to invest every month. You should do the exercises for each of your goals.
You have not mentioned your risk profile. So it is not possible to comment about the suitability of your mutual fund schemes. Also, you need to map your current investments to your future plan. If you need help, you can consult a reliable mutual fund advisor or financial planner.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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