I am 30 years old. I want to invest 1.5 lakh monthly into mutual funds through sip. Objective is to aim 1cr in next 4.5 years. Would continue the investment going forward. Currently invested in PPF(1.5L), VPF(5k), PPFAS (3000/mo), UTI Nifty 50 Index fund(3000/mo). I have moderate risk appetite. Please suggest me funds to invest in. Also would like to explore faang. Should i broaden my debt part as i already have ppf and vpf?
Ans: Given your investment horizon and goal of reaching 1 crore in 4.5 years with a monthly SIP of 1.5 lakhs, it's important to adopt a balanced approach considering your moderate risk appetite.
For equity mutual funds, you can consider a mix of large-cap, multi-cap, and sectoral funds to diversify your portfolio. Funds with a consistent track record of performance and a strong portfolio management team may be suitable. Additionally, considering your interest in FAANG stocks (Facebook, Apple, Amazon, Netflix, Google), you may explore global equity funds or technology sector funds that invest in these companies or similar tech giants.
For the debt portion, since you already have substantial investments in PPF and VPF, you may explore other debt options such as short-duration debt funds or corporate bond funds to enhance diversification and potentially optimize returns.
It's crucial to conduct thorough research and consult with a Certified Financial Planner to select suitable mutual funds aligned with your financial goals, risk tolerance, and investment horizon. They can provide personalized recommendations and help you build a well-rounded investment portfolio. Additionally, periodically review your portfolio to ensure it remains aligned with your objectives and make adjustments as needed.
