Sir, I am 40 yrs male & have monthly contribution in MF in following manner: 1. Mirae Asster Tax Saving (G)- 2000/- 2. Quant Tax Plan (G)- 2000/- 3. Parag Parikh Tax Saver (G)- 2000/- 4. Canara Robeco Tax Saver (G)- 2000/- 5. ABSL PSU Equity Fund (G)- 1000/- 6. Nippon India Liquid Fund (G)- 1000/- More over I have monthly contribution to NPS: 7. Through Corporate - 3500/- 8. Individual Contribution- 4000/- (50 K/yr in total) Sir, Please review my current portfolio and also suggest MF which I want for the following horizon: A) Daughters education (UG) - 10 yrs B) Daughters education (PG) - 12 yrs c) Retirement Corpus - 20 Yrs. I can invest 20K more per month apart from the existing contribution. I am OK with moderate to higher risk as I want stay invested for 15-20 yrs. Regards, Pranjal Sarma

Ans: Hello Pranjal. Your current portfolio diversification sounds good except ABSL PSU Equity Fund. With multiple goal align in next 10-20yrs. I would suggest to consider small cap , midcap , and flexicap categories for your additional portfolio.

Ans: As per the data provided by you, I feel that:-

1. You have over diversified your portfolio by investing in so many funds. There seems to be a lot of overlapping in your portfolio. Ultimately equity funds invest in stocks and if your funds are investing in similar stocks, you are not achieving any diversification which you may think you are doing.

2. You also hold multiple ELSS fund which are used for tax benefit purpose and come with lock in for 3 years. If you are solely investing under this for the tax saving then we suggest you to have only one good fund.

Regarding your funds:-

1. DSP Tax Saver Fund, Canara Robeco Tax Saver Fund and Quant Tax plan: These funds have a decent track record in their category. Having one tax saver fund is enough.

2. Parag Parikh Flexi Cap Fund: The scheme is not bound by any market capitalisation. It also has the freedom to invest in stocks listed overseas. Therefore, I would suggest you to continue with this fund.

4. DSP Small Cap & Quant Small Cap : The lump sum investment in this fund indicates a concentrated bet on small-cap stocks. Small-cap funds can be volatile, but they also offer growth potential. Monitor its performance closely and be prepared for potential fluctuations in returns. We recommend you to hold one fund in this category to get the exposure of small cap which is risky in nature as compared to large & mid cap category.

5. DSP Quant Fund: Similar to DSP Small Cap, this fund focuses on quant-based strategies based on macro and micro factors. Evaluate its performance and consider your risk tolerance before making any decisions.

7. Motilal Oswal Nasdaq 100 FOF: The fund invests in international companies and sectors that helps in eliminating the concentration risk. Continue with this fund.

8. Motilal Oswal Midcap, UTI Mid Cap fund, DSP Mid Cap Fund and PGIM India Midcap Opportunities Fund: I recommend you to hold just one fund in this category to get the exposure of mid cap which is risky in nature as compared to large cap category.

9. SBI Bluechip Fund: This lump sum investment in a large-cap fund can provide stability to your portfolio. Continue with it and continue monitoring its performance relative to its benchmark.

10. UTI Flexi Cap Fund: Similar to DSP Mid, assess its performance and alignment with your investment goals, especially since you've stopped investing in it. I recommend you to redeem from this fund once the exit load period is over.

11. PPF: Contributing to PPF is a good long-term savings option due to its tax benefits and guaranteed returns. It's wise to continue investing in it unless you have specific financial goals or liquidity needs but if you have a goal of your retirement then we would suggest you to invest in NPS (National Pension Scheme) instead of this.

Regarding your plan to add SBI Contra and Mirae Asset NYSE FANG+ ETF FoF, it's important to evaluate these funds based on their historical performance, expense ratios, and risk factors. Make sure they align with your investment strategy and risk tolerance before adding them to your portfolio.

I do not recommend you to add more funds in your portfolio as you already have too many funds which you need to cut down on.

Disclaimer:
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.

Ans: Currently, your portfolio is overly diversified in a similar category funds (ELSS), although the funds are well performing and have delivered decent returns till date. The ongoing SIPs in these funds will help you in accomplishing your goals along with tax savings but we recommend you to reduce the funds to two. The other funds in your portfolio are also fundamentally strong and decent performers. Hence, we recommend you to not introduce new funds in your portfolio and allocate the additional SIPs amount in the existing funds.

For your post retirements commitments, NPS is a good investment asset class as it will maintain your cashflows. You also have a decent health insurance for medical uncertainties but I recommend you to increase the term plan to 1 Cr.

Ans: Given your goal of building a retirement corpus of 2 crores in 10 years and your current portfolio, here are some suggestions:

Increase SIP Contributions: Consider increasing your SIP amounts in high-performing funds like Parag Parikh Flexi Cap and PGIM India Midcap Opportunities Fund, which have shown good potential for long-term growth.

Review and Consolidate: Evaluate the performance of all your funds and consider consolidating your portfolio to fewer, well-performing funds to simplify management and potentially enhance returns.

Focus on Quality: Prioritize funds with strong track records, consistent performance, and experienced fund management teams. Consider adding large-cap and diversified equity funds for stability and balanced growth.

Asset Allocation: Ensure a balanced asset allocation across equity, debt, and gold funds based on your risk tolerance and investment horizon. Reallocate surplus funds strategically to maintain a diversified portfolio.

Regular Review: Monitor your portfolio regularly and make adjustments as needed based on changes in market conditions, fund performance, and your financial goals.

Consider consulting with a financial advisor for personalized advice tailored to your specific circumstances and goals.