I am 46 years old male. I invest Rs 3500 in Quant Small Cap Fund Growth, Rs 2500 in Mirae Asset Large and Mid Cap Fund, Rs 1000 in HDFC ELSS Tax saver growth and Rs 1000 in Aditya Birla Sun Money Manager Fund Direct Growth monthly. I also invest 150000 yearly in PPF. My monthly salary is 61000. Should I invest more as I am planning to retire within next 10 years.
Ans: The provided information is not sufficient to comment on any kind of investment being made, however it would be good if you make systematic investment in a disciplined manner every month. We would not be able to give you any suggestion on choice of fund to continue as it can be given only if we are aware about your targets, goals and ability to face volatility in the markets. However prima facie the funds selected are of good fundamentals and sustainable too continue. ABSL money manager is suggested to continue only if you are accumulating the fund to fund out some near term requirement or contingency.
We will suggest you to increase your investment by fixed percentage by every year to fund well for your goals.
We highly recommend consulting a certified financial advisor who can provide personalized advice based on your risk tolerance, financial goals, and specific circumstances.
