I am Sourav Roy from Asansol WB. Sir I am 28 years old unmarried and I am not a service man. I am a private tutor. I invested in mutual fund in last three years. I invested in sum funds in last 1-3 years and want to invest at least 10-15 years. I selected funds on my own research. I request you please evaluate my portfolio as well as my funds selection and I have potential to take risk. Please give me suggestion - 1. SBI Magnum Global-Regular-Growth, 2. SBI Magnum Multiplier-Regular-Growth, 3. UTI Equity-Direct-Growth, 4. Reliance Small Cap-Direct-Growth, 5. Franklin India Smaller Companies Fund-Direct-Growth, 6. Franklin India Ultra Short Bond Fund Super Institutional Plan, 7. HDFC Balanced Fund-Direct-Growth, 8. DHFL Pramerica Low Duration fund, 9. Kotak Select Focus-Direct-Growth, 10. Mirae Asset India Opportunities Fund-Direct-Growth, 11. Mirae Asset Emerging Bluechip Fund-Direct-Growth. Each fund SIP Rs - 1000/month. I am worried about the performance of SBI Magnum Global Fund?
Apologies for replying late.
At the outset, I must congratulate you in doing a good work as far as selecting schemes based on your own research is concerned. However, the total number of funds are bit high.
We have few suggestions on your scheme selection/ portfolio.
1. You can consider replacing SBI magnum Global Fund with SBI Magnum Mid Cap Fund or add the amount in SBI Magnum Multiplier Fund
2. When your investment horizon is 10-15 years and you are ready to take risk, why you have chosen to invest in Franklin India Ultra Short Bond Fund Super Institutional Plan and DHFL Pramerica low duration fund is not known to us. For wealth creation in the long term, investment in these two funds may not be the right decision. You should instead, increase allocation to your existing equity or balanced funds.
Thanks for writing to Advisorkhoj.
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