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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jun 13, 2022

Mutual Fund Expert... more
Satyasourav Question by Satyasourav on Jun 13, 2022Hindi
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I will turn 19 years in July. I am currently investing in these funds and plan on investing till 45. What changes should I make? 

Current amount-5000

1. ICICI Prudential Nasdaq 100-500

2. ICICI Prudential Nifty Index-500

3. Axis Blue Chip Fund-1000

4. Parag Parikh Flexi Cap-1000

5. ICICI Prudential Technology Fund-1000

6. Axis Long term Eliss Fund-500

7. ICICI Prudential Nifty Next 50-500

Ans: No change is required presently

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

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Hi Sir, i am 50 years old investing in HDFC Top 100 regular growth - 2k, ICICI prudential blue chip fund direct growth -3k, ICICI (P.H.D) fund direct growth - 1k, Kotak flexi cap fund direct growth - 1k, PPFAS flexi cap direct growth - 3k, DSP midcap direct plan growth - 3k, ABSL frontline equity fund regular growth - 3k, Axis blue chip fund regular growth - 3k, PGIM midcap Opportunities fund direct growth- 3k, Motilal oswal S&P 500 index fund direct growth - 1k, Nippon India Multicap fund direct growth - 3k from last 5 years and want to invest for another 5 years. Any suggestions for change
Ans: You've demonstrated a commendable commitment to your financial well-being through your diversified investment portfolio. As you look ahead to the next five years, it's wise to periodically review and reassess your investment strategy.

Consider reflecting on your financial goals, risk tolerance, and the performance of your current holdings. Are there any funds that have consistently underperformed or no longer align with your investment objectives? Are there emerging opportunities or sectors you wish to explore?

Engaging with a Certified Financial Planner can provide invaluable insights and personalized recommendations tailored to your unique circumstances. They can help fine-tune your portfolio, optimize asset allocation, and navigate market dynamics effectively.

Remember, investing is a journey, not a destination. Stay adaptable, stay informed, and continue striving towards your long-term financial goals with confidence and clarity. Your proactive approach to financial planning is a testament to your commitment to securing a brighter future.

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Ramalingam

Ramalingam Kalirajan  |6999 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 25, 2024

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Hi Sir, i am 50 years old investing in HDFC Top 100 regular growth - 2k, ICICI prudential blue chip fund direct growth -3k, ICICI (P.H.D) fund direct growth - 1k, Kotak flexi cap fund direct growth - 1k, PPFAS flexi cap direct growth - 3k, DSP midcap direct plan growth - 3k, ABSL frontline equity fund regular growth - 3k, Axis blue chip fund regular growth - 3k, PGIM midcap Opportunities fund direct growth- 3k, Motilal oswal S&P 500 index fund direct growth - 1k, Nippon India Multicap fund direct growth - 3k from last 4 years and want to invest for another 5 years. Any suggestions for change
Ans: It's commendable to see your disciplined approach towards investing at 50. Your current portfolio is well-diversified across large-cap, flexi-cap, mid-cap, and index funds. Let's review your portfolio and suggest some potential changes or adjustments considering your age and investment horizon.

Portfolio Review:

Diversification: Your portfolio is diversified across different mutual fund categories, which is good for risk management.
Expense Ratio: As you're investing in regular plans, consider shifting to direct plans of the same funds to save on expense ratio and increase returns over the long term.
Mid-cap Exposure: Given your age and proximity to retirement, you might consider reducing exposure to mid-cap funds as they are generally more volatile compared to large-cap funds.
Suggestions:

Consolidation: Consider consolidating similar categories of funds to streamline your portfolio and reduce overlap. For example, you have exposure to multiple large-cap and flexi-cap funds; you can consider retaining 2-3 funds from each category based on performance and consistency.
Shift to Direct Plans:
While shifting to direct plans can help in reducing the expense ratio, staying with regular plans has its benefits. Regular plans offer the advantage of having the support and guidance from a Mutual Fund Distributor (MFD). An MFD can provide valuable insights, updates on market trends, and personalized advice tailored to your investment needs. They can assist in navigating the complexities of mutual fund investments and ensure your portfolio remains aligned with your financial goals and risk tolerance. Additionally, the expertise and ongoing support from an MFD can be particularly beneficial, especially for investors who prefer professional guidance and assistance in managing their investments effectively.
Reduce Mid-cap Exposure: Given your age and risk profile, consider reducing exposure to mid-cap funds. You can shift a portion of your mid-cap investments to large-cap or flexi-cap funds to maintain a balanced portfolio.
Review Performance: Periodically review the performance of your funds compared to their benchmarks and peers. Consider replacing underperforming funds with better-performing ones.
Consult a Certified Financial Planner: Given the complexities of mutual fund selection and individual financial situations, it's beneficial to consult a Certified Financial Planner. They can provide personalized advice tailored to your financial goals, risk tolerance, and investment horizon. They can help you optimize your portfolio, suggest suitable changes, and guide you on achieving your financial goals.
Remember, regular review and adjustments are essential to ensure your portfolio remains aligned with your financial goals and risk tolerance. Best wishes on your investment journey!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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