Sir
I am 50 yrs old. Following are the investment details.
1. Almost 3 lakhs in ABSL Frontline equity. STP of Rs 2500 to ABSL Banking and financial fund.
2. 3 lakh plus in ABSL midcap fund, STP of Rs 2500 to ABSL Pharma and healthcare fund.
3. 3 lakhs ICICI prudential multi asset fund, STP of Rs 2500 to ICICI prudential technology fund
4. sip of 3000, in Nippon India value fund.(value of 7lakhs)
5. sip of 3000in DSP Flexi cap fund. value 6lakhs.
6. 4 lakhs in HDFC top 100 fund
please advise, further investments if any, for next 10 yrs for retirement.
Have housing loan of 32 lakhs since 2016.
Ans: Given your age and investment horizon, it's essential to focus on a balanced and diversified portfolio that aligns with your retirement goals. Consider increasing exposure to debt or balanced funds to reduce risk as you approach retirement. Additionally, consider gradually reducing equity exposure to protect capital. Prioritize paying off the housing loan to reduce financial burden and improve cash flow. For retirement, aim to build a sufficient corpus through regular savings and disciplined investing in a mix of equity, debt, and balanced funds. Consult a financial advisor to tailor an investment strategy based on your risk tolerance and financial goals.