Am I investing in best performing mutual funds

I need suggestion. I feel I have missed the bus as it has been 10 years of job and no savings / MF as such. But it is never too late. I need suggestions on below. I have started a SIP of around 16000 as below. My horizon is around 10 years. 1. HDFC Prudence - 3000, 2. L&T Prudence - Rs 3000, 3. Franklin India Prima Plus - Rs 4000, 4. Birla Sun Life Equity Fund - Rs 4000, 5. Mosl 30 - Rs 2000. In addition I had 2 Lakhs surplus. Which I have distributed as below. 1 Lakh for liquidity & Rest 1 lakh for high return Liquid 1. Birla Sun Life Cash Manager = 25000, 2. Franklin India Ultra Short Bond Fund Super Institutional fund:- 25000, 3. Reliance Money Manager:- 50000. 1. HDFC Balanced = 15000, 2. Reliance Regular Savings Fund Rs 15000, 3. L&T Emerging Business Fund Rs 25000, 4 Reliance Small Cap = 25000, 5. DSPBR Opportunities Fund. Please advice if I am in right direction or suggest improvements?

Aug 16, 2017 by Alok, Noida  |   Mutual Fund

It is never too late to start your investments! There is no point regretting what opportunity you have already lost as you can always make a fresh beginning by starting to invest in mutual funds for the long term. With equities being the best asset class, you can still make very good returns by investing over the remaining period of your job.

We are happy to see that you have already started your SIPs in good balanced and diversified equity funds. With monthly Sips of Rs 16,000, you can expect to have a corpus of Rs over 37 Lakhs against your investment of Rs 19.20 Lakhs in 10 years (Assuming annual returns of 12% on your SIPs)

With regards to your lump sum investments, we find that you have invested Rs 1 Lakh in liquid and ultra short funds. These funds provide superior post tax return over bank savings accounts and ideal for having an emergency corpus. Please see how - https://www.advisorkhoj.com/mutual-funds...

You have also invested lump sum amounts in Balanced Funds diversified equity funds and mid & small cap funds. Here also, you have selected the right funds.

Overall, we can say that you are in the right direction. Just focus on 3 things and you are set to get desired returns from your investments while fulfilling your investment objectives -

1. Keep your investment horizon long, at least 5 years+ for your lump sum as well as SIPs

2. Review your mutual fund portfolio once every year

3. Increase your SIP amounts every year to the extent of rise in your annual income. Please check this tool to know how it can be a game changer https://www.advisorkhoj.com/tools-and-calculators...

Hope you find our suggestions useful and thanks for writing to us.

Search
You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY
ICICI Prudential Gold ETF 300x250
ICICI Prudential Gold ETF 300x600
Feedback
Notification