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Ramalingam Kalirajan2617 Answers |Ask - Follow
Mutual Funds, Financial Planning Expert - Answered on May 06, 2024
Asked on - Apr 07, 2024Hindi
I am a Government Employee. My age is 32 and I invest in several Mutual Funds . All of which are Small cap & Mid cap. As I am very aggressive investor , my investment horizon is 20 years . My investment are in following funds.
1.Axis Small cap fund - 3000
2. Axis Mid cap fund - 2000
3. HDFC Midcap opportunities fund -3000
4. Canara Robacco Small cap fund- 2000
5. Parag Parikh Flexicap Fund -2000
6. Motilal Oswal Midcap fund - 2000
7. Nippon India Small cap fund - 4000
With the increase salary I will also increase the amount of SIP
Please suggest me any further changes of the above said portfolio to create a corpus of 10 Cr.+ .
Ans: Given your aggressive investment approach and long-term horizon, your portfolio seems well-aligned with your risk appetite and goals. However, there are a few considerations to keep in mind:
Diversification: While small and mid-cap funds have the potential for high growth, they also come with increased volatility. Consider diversifying your portfolio by adding exposure to large-cap or multi-cap funds to balance risk.
Fund Selection: Review the performance and consistency of your existing funds regularly. Ensure they continue to meet your investment objectives and are managed by reputable fund houses with a proven track record.
Regular Monitoring: Stay informed about market trends, economic developments, and fund performance. Periodically review your portfolio and make adjustments as needed to optimize returns and manage risk effectively.
Increase SIP Amounts: As your income increases, consider gradually increasing the SIP amounts in your existing funds or adding new funds to accelerate wealth accumulation. However, ensure you maintain a disciplined approach and avoid overextending yourself financially.
Consider Professional Advice: Consulting with a Certified Financial Planner can provide personalized guidance and help fine-tune your investment strategy based on your specific goals, risk tolerance, and financial situation.
With disciplined investing, regular monitoring, and a well-diversified portfolio, you can work towards achieving your goal of building a corpus of 10 Cr.+ over the next 20 years.
Diversification: While small and mid-cap funds have the potential for high growth, they also come with increased volatility. Consider diversifying your portfolio by adding exposure to large-cap or multi-cap funds to balance risk.
Fund Selection: Review the performance and consistency of your existing funds regularly. Ensure they continue to meet your investment objectives and are managed by reputable fund houses with a proven track record.
Regular Monitoring: Stay informed about market trends, economic developments, and fund performance. Periodically review your portfolio and make adjustments as needed to optimize returns and manage risk effectively.
Increase SIP Amounts: As your income increases, consider gradually increasing the SIP amounts in your existing funds or adding new funds to accelerate wealth accumulation. However, ensure you maintain a disciplined approach and avoid overextending yourself financially.
Consider Professional Advice: Consulting with a Certified Financial Planner can provide personalized guidance and help fine-tune your investment strategy based on your specific goals, risk tolerance, and financial situation.
With disciplined investing, regular monitoring, and a well-diversified portfolio, you can work towards achieving your goal of building a corpus of 10 Cr.+ over the next 20 years.
Asked on - May 08, 2024 | Answered on May 08, 2024
Thank you sir for your valuable suggestions.
Ans: Welcome :)