i have an SIP Rs 10k in DSP MID CAP for the last 5 years,,i have a time of another 6 years, should i continue or should i diversify kindly advise

Ans: It's great to see your proactive approach towards investing at such a young age. Your current investment portfolio demonstrates a balanced mix of equity, debt, and gold, which is a prudent strategy. Considering your age and risk appetite, adding a small or mid-cap SIP for at least 3 years can potentially enhance the growth potential of your portfolio. However, before making any changes, it's essential to reassess your financial goals, risk tolerance, and investment horizon. Additionally, consult with a Certified Financial Planner to ensure that your investment decisions align with your long-term objectives. Remember, investing is a journey, and it's crucial to stay disciplined, regularly review your portfolio, and make adjustments as needed to achieve your financial aspirations.

Ans: Hello Vivek. Considering your age factor and requirement , I would advise you to reconsider ICICI liquid fund and start investing in Large & mid cap for same AMC. Your rest portfolio report sounds good. Additionally, You can consider midcap fund for your future investment.

Ans: Your current SIP portfolio seems like a decent start, but it could benefit from some adjustments for better diversification:

Current Mix:

You likely have exposure to:
Large-cap stocks (through Axis Bluechip)
Mid-cap and small-cap stocks (through ICICI Small Cap)
Debt (through ICICI Equity & Debt Aggressive Hybrid)
A specific sector (Resources & Energy)
Areas for Improvement:

Sector Concentration: A sector fund like Resources & Energy carries higher risk compared to broader market funds. Consider if this aligns with your overall risk tolerance. You might want to replace it with a diversified equity fund to spread risk across different sectors.
Debt Allocation: The role of the aggressive hybrid fund is unclear. If it has a high equity allocation, you might have too much equity exposure overall. Consider a pure debt fund for a clearer asset allocation.
General Recommendations for Diversification:

Large, Mid & Small Cap Exposure: Having a mix of large, mid, and small-cap funds provides exposure to companies of different sizes and growth potential.
Multi-Asset Fund: A multi-asset fund can offer diversification across asset classes like equity, debt, and even international exposure. Consider one if you don't already have it.
Remember:

Risk Tolerance: Ensure your overall asset allocation aligns with your risk tolerance.
Review Regularly: Review your portfolio periodically and adjust based on market conditions and your evolving goals.
Professional Advice: Consulting a registered financial advisor can provide personalized guidance based on your specific circumstances.
By considering these points, you can refine your SIP strategy for a more balanced and potentially more resilient portfolio.

Ans: Hello;

You may invest as follows:

1. Flexicap type mutual fund: 4 K
For eg PPFAS flexicap fund

2. Large and Midcap type mutual fund: 4 K
For eg Kotak Emerging Opportunities Fund

3. Small cap type mutual fund: 2 K
For eg Nippon India Small cap fund

If you need ELSS fund for 80-C purpose then you may replace flexicap fund with PPFAS elss scheme but note that it(any ELSS fund)carries lock-in of 3 years.

If you hold this investment till 20 years (18+prev 2) you may end up with a corpus of 86.32 L.

But if you top-up this monthly sip each year by 10% upto 20 years from now, you may expect a corpus of around 3 Cr+.

A modest return of 13% is considered from pure equity mutual funds.

Happy Investing!!

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