Hello Sir, I am 31 years old and just started my investments 3 months back (SIP) and in the beginning I invested the following amounts in the below mutual funds and the total investments as of now are:
1) Quant Multi Asset Fund - 4000
2) Quant Absolute Fund - 4000
3) Edelweiss Balanced Advantage Fund - 4000
4) ICICI Prudential Balanced Advantage Fund - 4000
5) ICICI Prudential Medium Term Bond Fund - 4000
6) Aditya Birla Sun Life Digital India Fund - 3500
7) Tata Digital India Fund - 3500
8) ICICI Prudential Technology Fund - 3500
9) Axis Strategic Bond Fund - 3000
After reevaluating my above investments I realised that this is not the correct mix and as a result I am going to modify my portfolio with the following changes. My investments are for a long time as I need to accumulate wealth.
ELSS --> Quant Tax Plan Direct Growth - 10000
Flexi Cap --> Quant Flexi Cap Direct Growth - 5000
Mid Cap -- PGIM India Midcap Opportunities Direct Growth - 5000
ETMoney Genius -- > 5000
Apart from above I am also investing in US stocks with an amount of 2000 per month
Please let me know if my above investments are appropriate or not and if there is any rebalancing or changes that needs to be made. Also I am planning to buy a house in the next 2-3 years so considering that I would need to make a down payment (20 - 25 Lakh) what all will be the changes required?
Ans: Hello Kevin Paulson. Your modified portfolio is finely chosen as per the market. Furthermore, I would advice to continue with Edelweiss &ICICI Prudential Balanced Advantage Fund sips as your goal in near future.
To achieve a goal of 20-25 lakh in 3 years, I would suggest increasing your sip to Rs 50,000.
