I am 43 and want to get retire with at least 1.5cr through mf sip starting today. Total 10k per month for next 15 years as 2k in parag parikh flexi fund, 2k in canara robecco bluechip, 2k in quant active fund, 2k in mirae asset large midcap fund, 1k in motilal oswal focused fund and 1k in sbi focused equity fund. Is this good to have the above investment?
Ans: Starting your retirement planning at 43 with a clear goal of Rs. 1.5 crore is a great decision! Your choice of SIP (Systematic Investment Plan) is a smart way to invest regularly. Let's see how your chosen funds can help you reach your target.
Strengths of Your Plan:
Diversification: Your selection includes flexi-cap, blue-chip, large & mid-cap, and focused funds, offering diversification across market capitalizations and investment styles.
Long-Term Focus: A 15-year investment horizon allows you to benefit from the potential of equity markets for long-term growth.
Regular Investment: SIP ensures disciplined investing and benefits from rupee-cost averaging.
Points to Consider:
Target Achievement: Reaching Rs. 1.5 crore depends on market performance. Actively managed funds aim to outperform the market, but past performance doesn't guarantee future results.
Asset Allocation: Review the percentage allocation across each fund category to ensure it aligns with your risk tolerance.
Benefits of a CFP
A Certified Financial Planner (CFP) professional can provide a more personalized assessment. They can help you:
Calculate Retirement Corpus: Determine the total investment amount needed for your desired retirement lifestyle.
Refine Asset Allocation: Ensure your chosen mix of funds matches your risk tolerance and goals.
Monitor & Rebalance: Track your portfolio performance and rebalance periodically to maintain your asset allocation.
Regular Plan vs Direct Plan
Regular plans with a CFP professional can offer some advantages over direct plans. A CFP can:
Minimize Costs: Help you potentially find ways to reduce investment expenses.
Stay on Track: Guide you through market volatility and keep you invested for the long term.
Remember:
Market fluctuations can impact your returns. However, your diversified approach, long-term focus, and SIP strategy are positive steps towards your Rs. 1.5 crore goal.
Next Steps:
Consider consulting a CFP professional for a detailed analysis of your plan.
Regularly monitor your portfolio performance and rebalance as needed.
Keep saving and investing for a happy retirement!
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
