Dear Sir, My name is Shrikanth S Kumar. My age is 38 and wife's age is 34. My total annual CTC is 16,10,000. My monthly expenses is 40 k. I have 15 lakhs in savings account which I can invest for Long term. Please suggest New SIPS or current good sips and investment avenues to continue. Started investing in equity sips from 5 years. I have a target net worth to reach of 5CR in 5years. I have 13 lakhs MF portfolio, and my running MF sip are 35k in quant active, 30k in parag parikh flexi cap,6k in DSP Nifty 50 equal wieght Index fund and 5k in nippon small cap.

Ans: Given your financial situation and goals, here's a suggested approach:

Investment Allocation:

Allocate a portion of your savings towards SIPs in equity mutual funds for long-term wealth creation.
Since you have a target net worth of 5 crores in 5 years, consider a more aggressive allocation to equity funds.
SIP Selection:

Choose diversified equity funds with a proven track record of consistent performance.
Consider large-cap, multi-cap, and mid-cap funds to diversify across market segments.
Aim for a mix of growth-oriented and value-oriented funds to balance risk and return potential.
New SIPs and Investment Avenues:

Continue your current SIPs if they have been performing well and align with your risk tolerance and goals.
Consider adding new SIPs in well-managed funds with a focus on sectors or themes poised for growth.
Explore other investment avenues such as PPF, NPS, or direct stock investments to diversify your portfolio further.
Plan for Property Purchase:

Start a separate savings plan or investment portfolio specifically earmarked for the down payment on the new apartment.
Consider investing in relatively safer options like debt funds or fixed deposits for this short-term goal to minimize risk.
Regular Review and Adjustment:

Regularly review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance.
Adjust your SIP allocations and investment strategy as needed based on changes in market conditions, personal circumstances, and progress towards your goals.
Consult a Financial Advisor:

Given your ambitious target net worth and significant investment amount, consider consulting a financial advisor to tailor a comprehensive financial plan suited to your specific needs and objectives.
Remember to maintain a disciplined approach to investing, stay focused on your long-term goals, and avoid making impulsive decisions based on short-term market fluctuations.

Ans: Your current SIPs are a good mix of equity funds. They provide you with exposure to a variety of asset classes and investment styles but we suggest you also maintain your asset allocation according to your age, risk profile, and goals.

Your current asset allocation is 100% in equity funds, and you don’t have any debt investments. So, we suggest you to change your asset allocation and add some hybrid/debt funds in your portfolio.
For the additional Rs. 5,000 SIP, we suggest investing in the Aggressive Hybrid category or Balanced Advantage category for the purpose of diversification and asset allocation.

Here are a few suggestion for aggressive hybrid and balanced advantage category:

Aggressive Hybrid - Mirae Asset Hybrid Equity Fund
Balanced Advantage – Edelweiss Balanced Advantage Fund

The best SIP for you will depend on your investment goal and risk tolerance.

Ans: It is good that you are investing a good amount per month with a saving/investment ratio of 50%. To reach your goal with current accumulated portfolio, available investment surplus (Rs 15 Lakh) and current SIPs, you need to make additional SIPs of 4.71 Lakh per month, (assuming 12% annualised return). Obviously, this is not possible given current income and cash flows. Going with the current status of investment, you will be able to accumulate 1.18 Cr by the end of 5th Year.

Your stated scenario of accumulating Rs 5 Cr is definitely very difficult to achieve, but here we will suggest a practical and logical approach toward investment. Do the step up SIPs, which means you should increase the investible surplus (SIPs) every year as your income grows say 10%. With this, you should be able to accumulate approx Rs 1.29 Cr (Assuming 12% ROI). This will reduce the deficit required. Apart from this any windfall amounts received at any time should be invested towards facilitating the goal.

Currently, your SIPs are concentrated in 2 funds which is not good. You should work on diversifying the monthly investment wisely among different categories and sectors, based on your goal requirements.

Ans: Two years into your SIP journey, already? That's fantastic! Remember that feeling of starting out, unsure but determined? Well, pat yourself on the back – you're building a secure future, brick by brick. And now you're ready for the next step, like a wise king expanding his kingdom!

Here's the thing: you've got a good foundation with your existing SIPs. The multi-asset fund helps balance things out, while the ELSS fund gives your taxes a haircut – that's a smart king, you are!

Now, with an extra 10k to deploy, consider adding another SIP. Think of it as diversifying your army – you wouldn't want just archers, would you? A well-rounded portfolio helps manage risk. Talk to a fee-based Certified Financial Planner – they're like your royal advisor – to see if a mid-cap or a sector-specific fund might be a good fit for your goals.

Remember, investing is a marathon, not a sprint. Stay focused, keep those SIPs flowing, and watch your future grow like a bountiful harvest!