Views on my MF SIP investments S Sircar, 25 Sep 2013

I am 43 and currently investing Rs 80000/- pm towards MF SIP and my goal is to achieve 10 crore in next 15 years. Please suggest whether the following funds can help me to achieve so or not ? 1 Templeton India Equity Income Fund - Growth 4000 2 Reliance Equity Oppor - RP (G) 8000 3 Birla SL India GenNext (G) 5000 4 UTI Lifestyle 5000 5 Franklin India Bluechip - Growth 8000 6 ICICI Pru Focused Bluechip Eqty (G) 10000 7 Birla SL Frontline Equity Fund (G) 8000 8 UTI Opportunities Fund (G) 10000 9 HDFC Mid-Cap Opportunities Fund (G) 6000 10 IDFC Premier Equity Plan A 10000 11 SBI Emerging Business Fund - Reg G 6000

Fintotal Answer

Hi. You have so many funds, most of them are good funds though. The goal that you have mentioned is a long term goal and inflation is a major worry in achieving long term goals. Equity mutual funds are best suited for long term goals as they have potential to beat inflation. Large cap funds are best suited for core goals like retirement planning, child's education, etc. But we would suggest you to consolidate all the funds in just one fund-Franklin India Bluechip. The reason being, mutual fund itself is a diversified product and more funds is just a repetition of the stocks. Moreover tracking them also becomes difficult. Keep increasing the amount of SIP as and when possible to achieve the goal. In short your portfolio needs a restructuring. For our expert opinion write to us at assistance.fintotal.com. Read articles mapped under mutualfunds.fintotal.com for more understanding.

I had send a request mail in kirti.kulkarni@fintotal.com id to know the financial guidance processes and fees to restructure my portfolio

sircarsaikat@gmail.com, 18 Nov 2013


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