Below is my portfolio. Would highly appreciate if you can suggest if it is good or any changes required? Total current investment in SIP is Rs 12,000 (Which now I want to make it Rs 15K) kindly advise a good additional SIP for investing 3K monthly. Also let me know if the MF in lump sum are good? Or any changes required. I am now 45 years of age and my total savings as of date is Rs 13 Lacs only. Kindly advise how much more investment would I have to make to collect a good amount for my son's education and retirement - I have 2 son's aged 12 and 8. My current salary is Rs 1.5 Lacs and wife is also working with a salary of 30 K. Also I keep breaking SIP and lumpsum in between for emergency use. Let me know if that will affect my long terms plans of collecting funds
SIPs:
NAME OF MUTUAL FUND AMT INVESTED PER MONTH - (LONG TERM)
Axis Focused 25 - Growth - RS - 2,OOO /-
ICICI Prudential Focused Equity - Growth RS - 2,OOO /-
HDFC Top 100 - Growth RS - 2,OOO /-
Kotak Standard Multicap Fund - Growth RS - 2,OOO /-
L&T Midcap - Growth RS - 2,OOO /-
Motilal Oswal Multicap 35 - Growth RS - 2,OOO /-
LUMPSUM
NAME OF MUTUAL FUND AMT INVESTED LUMPSUM - (LONG TERM)
DSP Focus - Growth RS - 1 LAC (INVESTED IN APRIL 2016)
ICICI Pru Long Term Eq Fund ( Tax Sav) - Growth RS - 1 LAC (INVESTED IN APRIL 2016)
Kotak Bluechip Fund - Growth RS - 1 LAC (INVESTED IN APRIL 2016)
Nippon India DYNAMIC BOND FUND - Growth Plan RS - 1 LAC (INVESTED IN APRIL 2016)
Mirae Asset Focused Fund - Growth RS - 50K (INVESTED IN AUG 2019)
Mirae Asset Midcap Fund - Growth RS - 25K (INVESTED IN AUG 2019)
Ans: Prudent approach is to have the family covered for medical and life with pure insurance product.
Post that, create a corpus for emergency fund that should be 6 month of monthly expenses.
Only post that investment is recommended.
Depending upon your cash flows, mode of investment can be SIPs or lumpsums; however, SIPs are recommended.
Existing funds are okay; for further investment Axis ESG Equity Fund – Growth or UTI Flexi Cap fund – Growth can be considered
