Hi sir,Myself Sujit Singha- Private sector service holder & i am 41yrs my Financial goal plan is 45/50 Lcs in next 15 to 20yrs so following investment portfolio for last 5 yrs so far & kindly suggest if any switch or new investment in MF to be done/add.No-1) IDFC Emerging Business Fund-Regu-Growth=Rs.1000/- No-2) Axis Bluechip Fund Growth =Rs.3000/- No-3) Axis Small Cap Fund Reg (G) =Rs.2000/- No-4)DSP Mid Cap Duns Reg(G) = Rs.2000/- No-5)Axis Flexi cap Fund (G) =Rs.1500/- No-6) Kotak Emerging Equity (G) =Rs.2000/- Other than this if any shares can i Hold for long term plz advice
Ans: You have a total of Rs 11,500 of SIPs per month. You will easily reach your target of Rs 50 Lakhs even in 15 years with the portfolio you are following, even after not taking into account the amount you have accumulated in the past 5 years!
And magic will happen if you increase your SIP by 10% each year as your salary increases.
However, remember that your portfolio is very aggressive, 100% equity oriented and would need a review and if required, rebalancing once a year.
My recommendations on your funds:-
1. Axis Bluechip Fund – Large Cap – Continue
2. Axis Flexicap Fund – Flexi Cap – Poor performance. Switch to Parag Parikh Flexi Cap Fund
3. Kotak Emerging Equity Fund – Mid Cap - Continue
4. DSP Mid Cap Fund – Mid Cap – Poor performance. Switch to PGIM India Midcap Opp Fund
5. IDFC Emerging Business – Small Cap - A very new fund with hardly any track record. Switch instead to SBI Small Cap Fund
6. Axis Small Cap Fund – Small Cap – Continue