I have recently started investing in mutual funds- direct, growth plans - as an NRI. I am 33 years old. I am a high risk-taker. I have 18 years of time horizon. This is for my retirement: Asset allocation: 70% - Equity and 30% - Debt Monthly total: Rs 18,000 I have put a lumpsum in liquid funds and transferring some amount every week through STP to equity funds below. Equity: Axis Mid cap Fund -> 30% of equity part Parag Parikh Long term Equity Fund -> 35% of equity part Mirae Asset Large cap Fund -> 17.5 % of equity part ICICI Prud Equity & Debt Fund -> 17.5 % of equity part Debt: SBI Magnum Constant Maturity Fund: 50% of Debt part Axis PSU & Banking Fund: 50% of Debt part Could you please review my portfolio? Please let me know if I need to make any change. I also would like to invest extra RS 8000-10000 for my child's education. I'll need the money after 15 years. Should I invest in the same above funds for my child's education? or Should I add one more … [Read more...] about Should I invest in the same mutual funds for children’s education?
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I have been investing in the following mutual funds since last yearSIP of Rs 5,000 in Aditya Birla Sun Life Tax Relief '96 Fund (Growth, Regular Plan)SIP Rs 4,000 in DSP Tax Saver Fund (Growth, Regular Plan)SIP Rs 5,000 in Franklin India Smaller Companies Fund (Growth, Regular Plan)SIP Rs 2,500 in HDFC Equity Fund (Growth, Regular Plan)SIP Rs 2,500 in HDFC Top 100 Fund (Growth, Regular Plan)SIP Rs 6,000 in UTI Mid Cap Fund (Growth, Regular Plan)Apart from these I am also investing Rs 5,000 monthly in NPS, PPF and SSY.Please guide about my folio. I want to continue this for 10-15 years.-Bhaskar Mehra Rishabh Parakh, Founder, Money Plant Consultancy, responds: It is great to know that you are investing for long term and have created a diversified portfolio already, which also includes ELSS to provide you tax savings. You can replace HDFC Equity Fund and Franklin Smaller Companies Fund with Kotak Emerging Equity Fund or Axis Mid Cap Fund or Mirae Focused Fund. However, you should … [Read more...] about Am I investing in right mutual funds?
Can I invest a lump sum in small cap mutual funds?I want to make use of this opportunity. Should I invest a lumpsum now?Should I invest now or wait for some more?I am new to mutual funds. I want to invest now. How do I start? Questions abound. ETMutualFunds.com receives several queries like these every day. Most of the queries we receive on our official Facebook page deal with the hot topic of the conversation: how to get richer by using the sharp fall in the stock market. We have responded to most of these queries, you may see in our Ask the Expertsection. We talked to some financial planners and mutual fund distributors to find out whether they also face similar queries every day. Indeed, they do. This is what a financial planner had to say about the behaviour of mutual fund investors these days. "Earlier, a fall of such a magnitude used to scare most people. Now, 80% of the people are not even bothered. But 20% are getting adventurous - they want to go bottom fishing. It is scary … [Read more...] about Are mutual fund investors getting adventurous? Some advisors think so
I am 25 years old. I am investing in following schemes through SIP:ICICI Prudential Value Discovery Fund: Rs 3,000 since 2017SBI Small Cap Fund: Rs 2,000 since 2019Aditya Birla Sun Life Tax Relief 96: Rs 2,000 since 2019HDFC Index Nifty 50 Plan: Rs 2,000 since March 2020I want to invest in multi cap/large cap fund. My investment horizon is long term (5-7) years. My risk profile is moderate to aggressive. Please suggest if I need to add any fund and how is my profile.-Shaurya Subala You are currently investing in a value fund, small cap fund, ELSS fund, and a large cap index plan. Clearly, your portfolio is not sharply focused. You should try to define your risk profile a bit more clearly and build a focused portfolio in line with your profile. We have noticed that definitions like moderate to aggressive or conservative to moderate, etc are convenient risk profiles that keep changing depending on the markets. Try to define your profile more sharply. Take a quiz if need be. Here are … [Read more...] about Should I add multi cap or large cap mutual funds to my portfolio?
In March, TSA screened just under half of the passengers it did in March 2019 -- with the numbers slightly above last year's level toward the beginning of the month, during a flurry of travel as people returned home, and dropped to percentages in the single digits in the final days of March. … [Read more...] about The number of people traveling by plane has hit a 10-year low
The U.S. firm expects to proceed with the required processes to complete the transaction to take full ownership of China International Fund Management Co. (CIFM), including seeking approval from the China Securities Regulatory Commission， according to an emailed statement from the company on Friday. … [Read more...] about JPMorgan reaches agreement to increase stake in China mutual fund venture to 100%