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65-Year-Old Investor Seeking Portfolio Advice: What Adjustments Should I Make?

Milind

Milind Vadjikar  |599 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 16, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Sep 15, 2024Hindi
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Sir, I m 65 yrs having following funds. ABSL nifty next 50 index fund..G HSBC value fund..G Edelweiss liquid fund. G Motilal oswal liquid fund G Motilal Oswal Tax saver..G Mirae tax saver .G Kotak tax saver .G ICICI flexi cap. G ICICI BAF. G SBI multicap..G SBI innovative opportunities..G Kindly advise for any changes. Thank u.

Ans: Considering your age I would recommend you to avoid pure equity and thematic funds due to volatility & high risk and shift to following fund types(one example of each type is mentioned based on 5 year returns):

Arbitrage fund: Kotak Equity Arbitrage Fund
Conservative hybrid debt fund: SBI Conservative hybrid fund
Equity Savings fund: Mirae Asset Equity Savings fund
Liquid Fund: ICICI Pru Liquid fund(6M return criteria)
Gilt fund: DSP Gilt Fund

The risks in these funds range from Low to moderately high.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates

Happy Investing!!
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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Asked by Anonymous - Apr 12, 2024Hindi
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Sir, i am 34 Years investing around 10k in SBI small cap fund, 10k in HSBC midcap, 10k in Kotak flexicap, 10k in Aditya large cap, 10k in ICICI All season bond fund for next 10 years, any suggestions for change ?
Ans: Your investment strategy appears well-diversified across different market caps and fund categories, which is a good approach. However, here are a few suggestions for potential improvements:

Review Small Cap Fund: While SBI Small Cap Fund has performed well historically, small-cap funds can be more volatile. Consider reviewing its performance and risk profile periodically to ensure it aligns with your investment goals and risk tolerance.

Evaluate Midcap and Flexicap Funds: HSBC Midcap and Kotak Flexicap Funds are good choices, but periodically review their performance compared to peers and benchmark indices. Ensure they continue to meet your expectations in terms of returns and risk.

Assess Large Cap Fund: Aditya Birla Sun Life Large Cap Fund is a reputable fund, but consider reviewing its performance relative to other large-cap funds in the market. Ensure it remains competitive in terms of returns and consistency.

Monitor Bond Fund: ICICI All Season Bond Fund is suitable for providing stability to your portfolio, especially during market downturns. However, periodically review its performance and the prevailing interest rate environment to ensure it continues to meet your expectations.

Regular Review: Periodically review your portfolio's performance, asset allocation, and your financial goals. Consider rebalancing your portfolio if necessary to maintain your desired asset allocation.

Consider Professional Advice: If you're unsure about managing your investments or need personalized advice, consider consulting with a financial advisor. They can provide tailored recommendations based on your financial situation, goals, and risk tolerance.

Overall, continue to monitor your portfolio's performance and make adjustments as needed to stay on track towards achieving your financial objectives.

..Read more

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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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