My name is Vipul and I am 39 years old. Looking to build a corpus of 5-6 crores in next 10 years.
I am currently investing ₹77,000 monthly in following schemes. Please suggest if this portfolio seems in line with market conditions also I am looking for investment horizon of 10 years. Also please suggest more scheme/s for ₹23,000.
1. SBI Magnum Medium Duration Fund (15,000)
2. SBI Focused Equity Fund (10,000)
3. Kotak Equity Opportunity Fund (10,000)
4. Mirae Asset Focused Fund (10,000)
5. UTI Flexi Cap (5,000)
6. SBI Small Cap (5,000)
7. UTI Hybrid Equity (2,500)
8. UTI Transportation and Logistics (2,500)
9. SBI Retirement Benefit Fund (3,000)
10. LIC MF Banking and PSU Debt Fund (15,000).
Appreciate your guidance.
Ans: Hello Vipul. You have apparently targeted a few AMCs and invested in their schemes despite the fact that the selected schemes are in line with the market. Instead, I suggest limiting AMC diversification as this could have a negative effect on portfolios due to overlapping holdings. Select one scheme per AMC.
A clear vision in allocating Debt, Hybrid, and Equity assets would also be helpful. If you invest 1 lakh as sip, your portfolio is over-diversified, the portfolio needs to be reshuffled and rebalanced.
Assuming your investment time horizon has begun now, since your past investment time horizon is not disclosed. It will also require sip investments of 1.91 lakh monthly to achieve a corpus of 5 crore in 10 years.
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