I'm 35 years old I had started my mutual fund journey a couple of years ago. CURRENT INVESTMENT:

Parag Parikh 5,000

UTI FLEXI Cap 5000

Navi nifty index fund 5000

I would like to increase my SIP investment for an additional amount of 35,000/- (total 50k). Please suggest few more options. I would like to build a corpus fund for my child's education 15 years from now and for my retirement.

Ans:

Ans: In 17 years Rs. 70K can create a corpus of Rs. 6 cr

Rs. 39 lakh can grow up to Rs. 3.2 cr

Total of 9 cr.

Ans: Hello Rishu, thanks for writing to me. The funds you invest in are good funds. As you want to increase your investment by Rs.9,000 every month, you can consider beginning investments in:

1-Edelweiss NIFTY Quality 100 30 Index Fund: Rs.3,000 per month
2-SBI Focused Equity Fund: Rs.3,000 per month
3-Motilal Oswal Focused Fund: Rs.3,000 per month.

Ans: It's great to see that you're actively investing for your long-term wealth creation goals. Here are some suggestions regarding your portfolio and the additional investment you plan to make:
1. Review Existing Portfolio: Firstly, review the performance of your current mutual fund holdings relative to their benchmarks and peer group. Ensure that they are in line with your long-term investment objectives and risk tolerance.
2. Diversification: Your existing portfolio seems to have a mix of flexi-cap, large-cap, mid-cap, and index funds, providing diversification across different market segments. This diversification helps spread risk and optimize returns over the long term.
3. Top-Up Allocation: Considering your goal of wealth creation over a 15-year period, you may consider allocating the additional ?40,000 across your existing funds based on your risk appetite and asset allocation strategy. You could distribute the top-up amount proportionally based on the current allocation of your portfolio.
4. Consider Flexi-Cap Funds: Since you already have exposure to large-cap and mid-cap funds, you may consider allocating a significant portion of the top-up amount to flexi-cap funds like Parag Parikh Flexi Cap. Flexi-cap funds offer the flexibility to invest across market capitalizations based on prevailing market conditions, making them suitable for long-term wealth creation goals.
5. Regular Review: Regularly review your portfolio's performance and make adjustments if necessary to ensure alignment with your financial goals and risk tolerance. Keep an eye on market trends and economic indicators that may influence the performance of your investments.
6. Professional Advice: Consider consulting with a Certified Financial Planner to get personalized advice tailored to your financial situation and goals. They can help you optimize your investment strategy and make informed decisions.
By maintaining a disciplined approach to investing and regularly reviewing your portfolio, you can enhance the likelihood of achieving your long-term wealth creation objectives.