My Goals are given below:
Child Education -- child-01 -- 45 Lakh (AFter 12Yrs) Child -02 - 65 Lakh (17 Yrs) -- Total -1.1 Cr.
Child Marriage -- 80 Lakh
Retirement -- 2.5 CR
My age is 38 Yrs. I still can work for another 15 to 20 yrs.
Current value of the Mutual fund is 10.5 lakh for the below given funds. My invested funds are given below:
Quantum India ESG Equity Fund | Sep-19 | 2000 |
Quantum Long term Equity Value Fund | Sep-19 | 2000 |
HDFC SMALL CAP FUND - | Sep-19 | 2500 |
BNP Paribas Substantial Equity Hybrid Growth Direct Plan | Nov-19 | 3000 |
Mirae Asset Emerging Bluechip Growth Direct Plan | Nov-19 | 3000 |
Motilal Oswal Nasdaq 100 Fund Of Fund Growth Direct Plan | Nov-19 | 1500 |
Motilal Oswal Nifty 50 Index Growth Direct Plan | Nov-19 | 1000 |
Axis Mid Cap Growth Direct Plan | Nov-19 | 2500 |
Axis Focused 25 Growth Direct Plan | Nov-19 | 3000 |
Axis Flexi Cap Growth Direct Plan | Nov-19 | 2500 |
Kotak Flexicap Growth Direct Plan | Nov-19 | 2500 |
Kotak Emerging Equity Scheme Growth Direct Plan | Nov-19 | 2500 |
ICICI Prudential US Bluechip Equity Growth Direct Plan | Nov-19 | 1500 |
| | 29500 |
Also My EPF is around 15 K each month. I am ready to put in 10 to 15 thousand. Please suggest if these funds are good to meet my target or need to make any changes.
Ans: Too many funds, however most are good funds.
Do a goal based planning and attach schemes to goals, that way there will be discipline.
One set of investment with multiple goals is not advisable.