Am a working executive. I have been investing in SIPS for past 4 years

Below are my investments:

1, SBI bluechip direct - 2000

2. Mirar asset direct - 5000

3. L&T Midcap fund Growth - 2500

4. HDFC S&P 100 - 5000

I want to accumulate a corpus of 5cr in 15 years. I can increase my investments each year by 10% basis my salary increase. Please advise any funds better for long-term investments and your suggestions on my investments.

Ans: These funds can be considered

1. Axis ESG Equity Fund (Growth)
2. SBI Magnum Global Fund (Growth)
3. DSP Focus Fund (Growth)
4. ICICI Prudential US Bluechip Equity Fund (Growth)

 

Ans: Please continue; although there are too many funds

Ans: I really appreciate your commitment towards investments. I would suggest you may contact a professional for proper evaluation of your financial health. I cannot answer this question without knowing your risk profile, goals, asset allocation, income expenses analysis, etc. Only thing I can say is invest as per your goals and priorities.

Ans: You're already on the right track with your disciplined approach to investing in SIPs. Let's review your portfolio and explore potential adjustments for long-term growth.

Investing in ICICI Prudential Bluechip Fund and Nippon India Growth Fund reflects a balanced mix of large-cap and diversified equity exposure, which is suitable for long-term wealth accumulation.

However, to further diversify your portfolio and potentially enhance returns, consider adding funds from different categories like mid-cap or flexi-cap funds. These categories offer exposure to companies with different market capitalizations and investment styles, thus spreading your risk more effectively.

Mid-cap funds invest in companies with medium-sized market capitalizations, which often have higher growth potential than large-caps but come with increased volatility. Flexi-cap funds provide the flexibility to invest across market caps, allowing fund managers to capitalize on market opportunities across the spectrum.

Adding a mid-cap or flexi-cap fund to your portfolio can complement your existing investments and provide additional avenues for growth. Look for funds with a track record of consistent performance, experienced fund managers, and a robust investment process.

Remember to review your portfolio periodically and rebalance if necessary to ensure it remains aligned with your long-term financial goals and risk tolerance.

Keep up the good work with your investments, and don't hesitate to reach out to a Certified Financial Planner for personalized advice tailored to your specific needs and objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in