Is my fund selection good for achieving goals

BSL Frontline Equity Fund(G) - 01/04/2017 Rs.1,400.00, Franklin India Smaller Cos Fund(G) - 05/04/2017 Rs.18000.00, Tata Balanced Fund(G) - 09/03/2017 RS.1400.00, ICICI Pru Value Discovery Fund(G) - 12/03/2017 Rs.1,000.00, Mirae Asset Emerging Bluechip-Reg(G) - 15/03/2017 2100.00, Franklin India Smaller Cos Fund(G) - 19/03/2017 Rs.1,700.00, BSL Frontline Equity Fund(G) - 16/04/2017 Rs.1,400.00, ICICI Pru Value Discovery Fund(G) - 24/03/2017 Rs.1100.00, Mirae Asset Emerging Bluechip-Reg(G) - 28/03/2017 Rs.2100.00 in addition to that I am investing 50k in Axis Long Term Fund & Franklin Tax Shield - 50 per year. Please let me know how is my portfolio. Need any changes? I have 15 years view will going to 10% top up for it. Please let me know any suggestions for it. I need house of 1 Crore and for my kid 25 lacs study and 50 lacs for his marriage and 2 Corers for my retirement?

Mar 5, 2017 by Vamsi, Hyderbad | Mutual Fund

The mutual fund schemes in which you have invested are good performing. We are sure you must have considered your risk profile before investing in these.

However, we are unable to answer your query in detail for following reasons -

1. you have not mentioned which are SIPs and which are lump sum investments out of the entire list

2. Investment dates on which each investment was started

3. You have mentioned goals and the amount. But not mentioned the number of years after/ during which you need to achieve them. We are sure the investment horizon for each goal would be different as they vary from having a house, kids education, marriage of your child and your retirement. Please mention the year in which meeting these goals would be required.

Please revert to us with complete details, through the comment section of this query and we will reply to you with our assessment.

Thanks for writing to us :)

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