Sir, I am 48 years, investing 60,000/ per month since 2016 and have MF Investment in name of my wife, sister and myself, my main fund are below given with SIP amount. besides I have kept 10L in Debt Funds (SBI ST, ICICI ST, Axis ST, Kotak ST (Short Term) for emergency or Top Up on market falls. In coming year I want stop SIP of Small Cap, Mid Cap and like to Add Balance Advantage fund for 25000 PM, Which fund you suggest.
Do you advise to stop either of below fund or revise SIP amount. My Target is to retire at age 55Yrs and travel India and live in nature/hill area.
ELSS (Invested VALUE 1.45/LATEST VAL:1.60)
1) AXIS LONG TERM - 5000
2) KOTAK TAX SAVER -5000
FLEXI CAP (INV-V: 5.70/ LAT VAL 7.20L)
3) KOT FLEXY - LATEST VAL: 3.52L, SIP STOPPED)
4) PARAG PAREKH FLEXY C: 10000 SIP
LARGE CAP (INV. VALUE 6.10L - LATEST VALUE 8.25L)
5) ICICI BLUCHIP - 5000
6) SBI BLUCHIP - 10000
LARGE & MID CAP (INV VALUE 6.40L/LATEST VALUE 8.70L)
7) MIRAE EMERGING - 5000
8) KOT OPPORTINITY - 10000
9) AXIS GROWTH OPPORTUNITY – 5000
MID CAP (INV VALUE 2.20L/LATEST VALUE 2.70L)
10) AXIS MIDCAP - 5000
SMALL CAP (INV VALUE 4.95 L - LATEST VALUE 8.30 L)
11) NIPPON SMALL CAP - 10000
12) SBI SMALL CAP - 5000
13) ICICI VALEU DISCOVERY - 5000 SIP
14) SBI TECH - 5000 SIP
15) NIPPONBALANCE FUND: 15000 SIP (INV 5.0L- LAT VALUE 5.20L)
Ans: Hello RP, I guess you have already maintained well diversified portfolio. With your age factor, yes it would required now to reduce your portfolio risk to low risk appetite categories like Large Cap fund or balanced advantage funds.
Hence, I will suggest you to stop the sips with high risk schemes other than large cap fund.
