My milestones are:
Retirement:25 years – Rs 5,00,00,000
Dwelling: 25 years – Rs 1,00,00,000
Faculty: 15 years – Rs 30,00,000
Automobile: 5 years – Rs 5,00,000
Trip: Each 1 yr – Rs 1,00,000 core
The mutual fund schemes that I invested in are given under:
Mirae Asset Rising Bluechip Fund – Rs 6,000
Parag Parikh Flexi Cap Fund – Rs 6,000
UTI Nifty Index Fund – Rs 6,500
UTI Nifty Next50 Index Fund – Rs 6,000
Brief Length Debt Fund – Rs 2,000
Company Bond Debt Fund – Rs 2,000
Banking and PSU Fund – Rs 3,000
Kotak Rising Fairness Fund – Rs 4,000
Axis Small Cap Fund Direct plan – Rs 4,000
Edelweiss Higher China Fairness Off-shore Fund – Rs 2,500
Commodities: Gold Fund – Rs 3,000
Am I investing appropriately?
— Unnikrishnan RS
You’re broadly moving into the appropriate path. In insurance coverage, you haven’t talked about which product you’ve got taken. I presume it’s a ULIP. Whereas typically ULIPs are greater price and decrease liquidity than mutual funds, there are some low price ULIPs as properly which it’s important to work out from the profit illustrations.
The funds that you’ve picked are good however so many schemes in a portfolio can drag down the returns resulting from over-diversification. There shall be overlapping of portfolios. One ought to have most 5-6 schemes in a portfolio.
Secondly, if you’re a reasonable danger taker, thematic funds like Edelweiss Higher China Fairness FoF won’t match your danger urge for food. Put money into thematic funds provided that you realize concerning the theme very properly and are conscious of the draw back. We typically ask reasonable danger takers to stay to flexi cap methods with a cushion of enormous caps. Small cap funds are solely very dangerous. We’d recommend taking assist from a seasoned monetary planner to take a position your hard-earned cash.