My investments as per month Parag Parikh flexi cap -5k Mirae Asset Tax Saver - 6k Icici liquid fund - 5k Sbi gold fund - 2k Rd - 20k for 2 years I earn around 80k per month. I am planning to open sip 10k in one small or mid cap for atleast 3 year. Please advice should i continue with this or do some changes My age is 26 year

Ans: Please continue

I have only one daughter; she is 10. So apart from this I want to invest additional 5000 per month SIP for at least 10 years for her higher education. Kindly guide me for direct SIP looking at my age and purpose.

You may consider these funds:

• Axis Esg Equity Fund - Growth
• Uti Flexi Cap Fund -growth
• Samco Flexi Cap Fund - Growth
• Hdfc Index Fund - Sensex Plan - Growth

Ans: Please continue.

 

Ans: It's great to see your proactive approach towards investing at such a young age. Your current investment portfolio demonstrates a balanced mix of equity, debt, and gold, which is a prudent strategy. Considering your age and risk appetite, adding a small or mid-cap SIP for at least 3 years can potentially enhance the growth potential of your portfolio. However, before making any changes, it's essential to reassess your financial goals, risk tolerance, and investment horizon. Additionally, consult with a Certified Financial Planner to ensure that your investment decisions align with your long-term objectives. Remember, investing is a journey, and it's crucial to stay disciplined, regularly review your portfolio, and make adjustments as needed to achieve your financial aspirations.

Ans: It's great to see your commitment to long-term investing at 35. Your diversified SIP portfolio reflects a thoughtful approach to wealth accumulation. Let's delve into some insights:

Diversification: Your allocation across multiple fund categories - multicap, digital, small cap, flexicap, and index funds - spreads risk and captures growth opportunities across different market segments. This diversification is crucial for long-term wealth creation.
Focus on Growth: By investing in multicap and small cap funds, you're targeting companies across various market capitalizations, aiming for higher growth potential over the long term. Additionally, digital and flexicap funds offer exposure to sectors with significant growth prospects, aligning with your long-term investment horizon.
Index Fund Inclusion: Incorporating an index fund like NIFTY 50 INDEX provides exposure to the broader market while keeping costs low. It complements your actively managed funds and ensures broad market participation.
Review and Rebalance: Periodically review your portfolio's performance and asset allocation to ensure it remains aligned with your long-term goals and risk tolerance. Rebalance if necessary to optimize returns and manage risk effectively.
Overall, your investment strategy appears well-structured for long-term wealth accumulation. However, continue monitoring market trends and adjusting your portfolio as needed. Consulting with a Certified Financial Planner can provide personalized guidance tailored to your financial objectives and aspirations.

Your commitment to long-term investing is commendable, and with diligence and strategic planning, you're on track towards financial success.