Randomly google suggested me ur ask mf and read this page many times, today i have an question regarding my investments.

Mainly i am investing for my retirement but i want to spare something for my 2 daughter's marriages, but not able to decide how. I have created two folios myself without any knowledge, read google, watched youtube and started investing... First folio, all direct fund sips:

1. axis nifty 100 index-500

2. parag parikh flexi-1000

3. axis small cap-500

4. nippon small cap-500

5. icici midcap 150 index-500

6. icici nasdaq 100-100

7. icici technology-500

Total-4000rs

Second folio with wife id:

1. pgim india flexi cap-1000

2. axis small cap-1000

3. nippon small cap-1000

4. axis nifty 100 index-lumpsump only

Total 3000rs

Started from 500rs month and reached 7000 in 1.5years, have plan to step up sip by 5-10% every year now.

Sir, daughters age are 13 and 7. didnt know about sip and mf 2 years back, else i wud have done this from many years.

Kindly suggest me best for future. 

Goals r daughters education (priority)

Daughters marriage (secondary)

Retirement (last but very imp.)

Ans: No changes are required; however, please keep the expectation of returns between 12% and 15%.

Basic thumb rule is risk free returns (10 years govt bond returns) + inflation + equity risk premium.

Ans: Congratulations on taking proactive steps towards securing your daughter's future and planning for your retirement. Let's evaluate your current financial situation and chart a course of action to achieve your goals.

Considering your existing investments in PPF, LIC policies, FDs, mutual funds, and gold, you've demonstrated a disciplined approach towards savings and investment. Your prudent decision to invest a lump sum for your newborn's future reflects your commitment to her well-being.

For aggressive investment for your daughter's future, you may consider equity mutual funds tailored to long-term wealth creation. These funds offer the potential for higher returns over the long term, aligning with your target of 15 years. Diversification across multiple funds can help manage risk effectively.

Regarding retirement planning, it's essential to assess your risk tolerance and time horizon to determine the appropriate investment strategy. While equity investments offer growth potential, they also come with higher volatility. Consider a balanced approach with a mix of equity and debt investments to mitigate risk and ensure steady returns.

Opening a PPF account can complement your existing investments and provide additional tax benefits. PPF offers attractive interest rates and tax-free returns, making it a suitable option for long-term wealth accumulation.

As a Certified Financial Planner, I encourage you to review your investment portfolio regularly and make adjustments as needed to stay on track towards your financial goals. Consider consulting with a CFP to develop a comprehensive financial plan tailored to your needs and aspirations.

In conclusion, by adopting a diversified investment approach, staying disciplined in your savings habits, and seeking professional guidance, you can secure a bright future for your daughter and achieve a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: It's commendable that you've started investing and are thinking ahead for your daughters' education and marriage. Let's review your current investment choices and see if any adjustments are needed.

Your portfolio seems diversified across various mutual funds, covering different segments of the market. However, it's essential to ensure that your investments align with your financial goals and risk tolerance.

Given your daughters' ages and the timeframe for their education and marriage, you have a reasonably long investment horizon. This allows you to consider a balanced approach between growth-oriented and stable investments.

Regarding specific funds, while I can't provide detailed recommendations on individual schemes, I can offer some general guidance. Evaluate each fund's performance, expense ratio, and consistency over time. Ensure that the funds you've chosen have a track record of delivering returns in line with your expectations and risk profile.

Regularly monitor your portfolio's performance and make adjustments as needed. As your daughters' milestones approach, you may consider gradually shifting your investments to more conservative options to safeguard the capital.

Remember, investing is a long-term commitment, and patience is key. Stick to your investment strategy, and avoid making impulsive decisions based on short-term market fluctuations.

Consider consulting with a Certified Financial Planner to get personalized advice tailored to your financial goals and family needs. They can help you fine-tune your investment strategy and ensure you're on track to meet your objectives.

Keep up the good work with your investments, and stay focused on your long-term financial goals!

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in