I started investing late, at 39 years..I now have a mutual fund portfolio in Axis, ABSL, HDFC, HSBC, ICICI, KOTAK, MIRAE, SBI.. covering small/mid/large/large and mid cap investing 60000 INR every month... I also have PPF, NPS, APYS, KVPs, FD/RD, GOLD BONDS.. plus, i have HDFC SANCHAY PLUS, SBI SHUBH NIVESH AND ABSLI SECURE PLUS running.. I'm aiming for a decent corpus by the time I turn 60... is there anything i need to do or change ?

Ans: You have too many funds in your portfolio; kindly consolidate to 4-5 funds

Ans: To build a corpus, Equity funds are suitable and Insurance should be used for life protection and cover

Ans: In 16 years the corpus that will get created will be Rs. 1 crs in 16 years.

Ans: Considering your goal of achieving a retirement corpus of 5 Cr by age 45, your current investment strategy seems ok. However, given the long-term horizon, it's advisable to periodically review your portfolio's performance and asset allocation. Consider diversifying further if needed and monitor the funds' consistency in delivering returns aligned with your objectives. Remember, staying informed and adaptable is key to achieving your financial goals. Keep up the good work and stay focused on your long-term objectives!

Ans: It's commendable that you've started investing at a young age and are actively planning for your future financial security. Let's review your current investment strategy and explore opportunities for optimization to achieve your long-term goals.

Assessing Your Current Investments
Mutual Funds and NPS
You have a balanced approach with investments in both mutual funds and NPS, indicating a diversified investment strategy.
Regular contributions to NPS and SIPs in ELSS and small-cap funds demonstrate a disciplined savings habit.
Investment Platform
Utilizing ET Money as your investment platform provides convenience and accessibility to manage your investments digitally.
However, digital platforms may lack personalized advice and guidance compared to engaging with a Certified Financial Planner (CFP) or Mutual Fund Distributor (MFD).
Evaluating the Need for Changes
Disadvantages of Digital Platforms
While digital platforms offer convenience, they may lack personalized advice tailored to your specific financial goals and risk tolerance.
Without expert guidance, investors may miss out on opportunities for optimal portfolio allocation and risk management.
Direct vs. Regular Funds
Investing in direct funds through digital platforms may seem cost-effective due to lower expense ratios.
However, direct funds lack the personalized advice and ongoing support provided by MFDs or CFPs, which are essential for long-term financial planning and goal achievement.
Recommendations for Strategy Optimization
Engagement with a Certified Financial Planner (CFP)
Consider consulting with a CFP to receive personalized financial advice aligned with your goals and risk profile.
A CFP can provide holistic guidance, including tax planning, retirement planning, and wealth accumulation strategies.
Transition to Regular Funds through MFD
Switching from direct funds on digital platforms to regular funds through an MFD offers several benefits:
Access to personalized advice and ongoing support from a qualified financial professional.
Assistance in selecting the most suitable funds based on your financial goals, risk appetite, and investment horizon.
Regular reviews and portfolio rebalancing to ensure alignment with changing market conditions and personal circumstances.
Estimating Future Corpus by Age 60
Projected Growth
Based on your current investments and assuming a conservative annual return of 12-15%, we can estimate the future corpus by age 60.
Importance of Regular Monitoring and Adjustments
It's crucial to monitor your investments regularly and make adjustments as needed to stay on track towards your financial goals.
Engaging with a CFP or MFD ensures ongoing support and guidance to optimize your investment strategy over time.
Conclusion
While your current investment strategy demonstrates proactive financial planning, there's potential for further optimization by engaging with a Certified Financial Planner (CFP) or Mutual Fund Distributor (MFD). By transitioning to regular funds and receiving personalized advice, you can enhance the effectiveness of your investment strategy and maximize your long-term wealth accumulation potential.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in