BY TENSING RODRIGUES
My investment portfolios is as below :
I want to ask 4 questions:
a. Are the above chosen funds good?
b. When I should exit from lump sum investments (SBI & Axis Funds)?
c. I want to add SIPs of `5,000 to `10,000 per month. Should I go with the present MFs or new MFs ?
d. My present salary is `70,000 /m, approximately 40 per cent my present investment, how much further I can invest? My family monthly expenses would be 20 -25 thousand.
- Aditya Madgaonker
Your choice of funds is not bad; but you need to reduce the number of schemes. Keep your investments in just 2 - 4 schemes, if your total portfolio is between `2 lakh to `20 lakh - say roughly about `5 lakh in one scheme. Since you have four major fund houses in your portfolio - SBI MF, HDFC MF, ICICI Pru MF and BSL MF, I would suggest you pick one scheme from each of these fund houses and aggregate all your investments in these four schemes. From HDFC MF and ICICI Pru MF, you can retain HDFC Top 200 Fund and ICICI Prudential Focused Bluechip Equity respectively. For the third scheme, from SBI MF and BSL MF, choose between another large cap and mid/small cap, depending upon your risk appetite; if you wish to take a little more risk, choose the latter (BSL Midcap or SBI Magnum Global); if not stick to the former (SBI Magnum Equity). For the fourth scheme I would suggest a Gold FOF - SBI Gold or BSL Gold. You can maintain more or less equal weightage to the four schemes.
There is no question of exiting from lump sum funds unless you are in a need of money; of course, for a reshuffling of your portfolio, as mentioned above, you will have to exit some funds.
You can definitely scale up your investments. But do not deploy all your savings into Equity MFs. Keep around 40 per cent as Bank Fixed Deposits.