Hi, I am 52 years old and want to retire at the age of 60. I currently invest Rs 10,000 in three MFs (33% each) -
- FRANKLIN INDIA FEEDER - FRANKLIN U.S. OPPORTUNITIES FUND - GROWTH
- ICICI PRUDENTIAL US BLUECHIP EQUITY FUND - GROWTH
- MOTILAL OSWAL NASDAQ100 FUND OF FUND - REGULAR - GROWTH
The purpose of this investment is to get good returns. Can I continue to invest? My risk profile is high.
Ans: Given your risk profile and investment horizon, investing in international funds like the ones you've mentioned can offer diversification and potential for higher returns. However, it's essential to consider a few factors:
Performance: Assess the historical performance of the funds and compare them with relevant benchmarks and peers. Ensure they have consistently outperformed over the long term.
Fund Objectives: Understand the investment objectives and strategies of each fund. Ensure they align with your financial goals and risk tolerance.
Risk Management: International funds, especially those investing in the US market, can be subject to currency risk, geopolitical events, and regulatory changes. Be prepared for higher volatility compared to domestic funds.
Diversification: Review your overall investment portfolio to ensure proper diversification across asset classes and geographical regions. Don't overly concentrate your investments in international funds.
Regular Review: Continuously monitor the performance of your investments and periodically review your portfolio to make adjustments as needed based on changing market conditions and your financial goals.
Considering these factors, if the international funds you've chosen have a strong track record and align with your risk profile and investment objectives, continuing to invest in them can be a viable option. However, it's always prudent to consult with a Certified Financial Planner to ensure your investment strategy is well-suited to your individual circumstances and goals.
