Hi, I am 32 years old, married & have 1 child (1 year old). Me & wife have combined income from salary of 2.5 lakh post taxes. We are investing in following funds & have investment horizon of more than 15 years.
UTI Nifty 50 Index fund - 12K
Axis Nifty Next 50 Index fund - 8K
Kotak Emerging fund - 10K
Motilal Oswal Midcap 150 Index Fund - 10K
Parag Parikh Flexi Cap fund - 10K
NPS - 15K
Please comments on existing portfolio and suggest better investment ideas.
Ans: Hi Saurabh. Based on your current portfolio, I would suggest you reconsider Motilal Oswal & Parag Parikh AMC schemes. It appears you have a high percentage of investments in Index Funds. You can keep investing in the UTI Nifty 50 Index fund in the index fund category.
With 15-year investment horizon, I would advise to introduce small cap, Large & mid cap in your portfolio. Moreover, avoid over diversifying with too many schemes when introducing new schemes.