I am 27 years old and had started investing in MF and other instruments for retirement from last year. I currently invest in the following:
1. Axis Bluechip- 4000
2. Canara Robeco Equity tax saver- 3000
3. HDFC Index Nifty 50- 5000
4. Parag Parikh Flexicap- 3000
5. Axis Small cap- 4000
6. Quant Absolute- 2750
7. Tata Digital India Fund- 2200
8. ICICI Prudential nasdaq 100 Index Fund- 3000
9. PPF- 1.5 lakh annually
10. NPS- 50 k annually
Please advice whether I should discard, change or add any funds to my portfolio. I want to plan for an early retirement at the age of 40 and aiming for a corpus of 5 crore. Please advice on the monthly sip amount to achieve the same and appropriate funds. Thank you!
Ans: Hi Kirti Sharma. The portfolio is well diversified, if you are planning for early retirement with corpus of 5 cr in the next 13-14 years. From your current 27k sips, I would suggest increasing it to 1 lakh sips per month.
In addition to the current SIPs, you can increase them by investing in categories like large & mid-cap, mid cap, etc.