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Ramalingam Kalirajan |6995 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Question by MuraliKrishna on May 12, 2023Hindi

Hi.. I have SIP in HDFC Balanced advantage fund -3600/-, Tata Retirement saving fund -progressive plan -6300/-,Parag Parikh flexi cap -3600/- & Mirae asset emerging blue chip fund -2500/- since last 5 years.Can you please suggest me about the funds allocated shall provide good wealth in long time orgin as 15 years.or else any changes to be implemented. G.MuraliKrishna

Ans: Hello Mr. G. MuraliKrishna,

Let's review your SIP investments in HDFC Balanced Advantage Fund, Tata Retirement Saving Fund - Progressive Plan, Parag Parikh Flexi Cap Fund, and Mirae Asset Emerging Blue Chip Fund with a focus on long-term wealth creation over a 15-year horizon.

Portfolio Review:

HDFC Balanced Advantage Fund:
This fund follows a dynamic asset allocation strategy between equity and debt, aiming to capitalize on market opportunities while managing risk.
Tata Retirement Saving Fund - Progressive Plan:
This retirement-focused fund aims to provide growth through equity investments while gradually reducing equity exposure as you approach retirement.
Parag Parikh Flexi Cap Fund:
This fund offers flexibility to invest across market caps and sectors, focusing on long-term growth potential with a blend of domestic and international equities.
Mirae Asset Emerging Blue Chip Fund:
This fund focuses on emerging blue-chip companies with high growth potential, aiming to generate superior returns over the long term.
Recommendations:

Review Asset Allocation:
Ensure your portfolio's asset allocation aligns with your risk tolerance and investment horizon. A balanced approach with a mix of equity and debt can provide stability while capturing growth opportunities.
Emphasize Long-Term Growth:
Focus on funds with a strong track record of long-term performance and a proven ability to generate wealth over time. Funds like Parag Parikh Flexi Cap Fund and Mirae Asset Emerging Blue Chip Fund have demonstrated potential for long-term growth.
Consider Regular Reviews:
Periodically review your portfolio's performance and make necessary adjustments to ensure it remains aligned with your financial goals and market conditions.
Continue SIPs with Discipline:
Continue your SIPs with discipline and consider increasing contributions over time to benefit from the power of compounding. Regular investing can help navigate market volatility and capture growth opportunities.
Conclusion:

Your current SIP investments are diversified and well-suited for long-term wealth creation. Emphasizing long-term growth with a focus on funds like Parag Parikh Flexi Cap Fund and Mirae Asset Emerging Blue Chip Fund can potentially enhance your wealth over a 15-year horizon.

Regularly reviewing your portfolio's performance, ensuring a balanced asset allocation, and maintaining discipline in your SIP contributions are key to achieving your financial goals. Consider consulting with a Certified Financial Planner to personalize your investment strategy and navigate market dynamics effectively.

Remember, investing is a journey, and patience, discipline, and regular reviews are crucial for long-term success. Embrace this journey with confidence and commitment, and may your investments flourish over the years.

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