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14-Year-Old's Investment Portfolio: Is It Good?

Nitin Narkhede |63 Answers |Ask -Follow

MF, PF Expert - Answered on Sep 23, 2024

Nitin Narkhede, founder of the Prosperity Lifestyle Hub, is a certified financial advisor with eight years of experience in helping clients design and implement comprehensive financial life plans.
As a mentor, Nitin has trained over 1,000 individuals, many of whom have seen remarkable financial transformations.
Nitin holds various certifications including the Association Of Mutual Funds in India (AMFI), the Insurance Regulatory and Development Authority and accreditations from several insurance and mutual fund aggregators.
He is a mechanical engineer from the J T Mahajan College, Jalgaon, with 34 years of experience of working with MNCs like Skoda Auto India, Volkswagen India and ThyssenKrupp Electrical Steel India.... more

Question by Munni on Sep 21, 2024Hindi

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Hlo sir , I am a 14 year old lady and recently I have started an SIP of Rs 5000 per month through HDFC Bank MF advisor and my portfolio consists - HDFC mid cap opportunities fund regular growth plan Rs 1500 HDFC Top 100 growth - Rs. 1000 HDFC Multi cap regular plan growth - Rs. 1500 HDFC small cap-Regular plan growth Kindly analyse my portfolio. As I was new in this investment whatever was suggested by the advisor I did the same . Some of my friends later said that I should have used Grow app for the investment. Kindly clarify

Ans: It's great to see that you've started investing at such a young age! Knowing the need for financial dicipline at age of 14 is really rare. You did not share what are your goals, investing without Goals will not give you good growth, Your portfolio is diversified across different types of funds (large-cap, mid-cap, multi-cap, and small-cap), which is a good strategy for managing risk while aiming for growth. However, it is a bit heavy on HDFC funds, meaning all your investments are within one fund house. Diversifying across different fund houses (not just HDFC) could provide more safety and better exposure to various fund management styles.
within my Prosperity Lifestyle Hub community we share such topics to get our financial challenges resolved.
Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
Free Webinar https://bit.ly/PLH-Webinar

Asked on - Sep 23, 2024 | Answered on Sep 24, 2024

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Thank you sir for your valuable guidance

Ans: Welcome.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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