Planning to start investment in following MFs from next month.
Time Horizon is 8-10 years.
Goal: To get 20% (or 33% more than Nifty 50) return overall in 8-10 years. Will pull out as soon as I see 20% (or 33%+ on nifty 50) in total at 8-10 years, otherwise will pull out individual MFs from 10-12years with best CAGRs achievable. Planning to buy a house next year with a loan of 70 lakh, will clear the home loan with that money. All are direct.
1. Quant Active: 10K
2. Nippon India Small Cap Nifty Index: 5k
3. Nippon India Mid cap Nifty Index: 5k
4. Quant Infrastructure Fund: 5k
5. Quant Tax Fund: 3k
6. SBI Consumption opportunities: 2.5k
7. ICICI prudential Bharat Consumption Fund :-2.5k
Will double as soon as I see a 13% drop in Nifty for the time horizon mentioned and keep on doing that till the time it reaches within 3% from the top. Let me know if I need to change the funds or the funds are okay. Would replacing small or mid cap index funds with smallcap funds like SBI Smallcap Fund or Canara Robeco Small Cap fund be a better thing?
Ans: Hi Amrit, In accordance with your goals and current MF selection. I could see you have selected multiple sectoral funds which are aggressive risk & allocated proportion is more than advisable. Therefore, I suggest you concise the schemes with the amount in sectoral funds.
Furthermore, you can replace the small-cap and mid-cap index funds with small-cap funds such as SBI Small Cap Fund or Canara Robeco Small Cap Fund in order to improve your portfolio.
Additionally, you can introduce Flexi cap & mid cap categories to your selection. Diversify your portfolio with different categories and AMCs.
