Want to invest in mutual funds but don’t know how to go about it?
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Get all your mutual fund related queries answered by our expert, Pankaj Mathpal, managing director, Optima Money Manager, on our show Mutual Fund Corner.
Q: 39-year-old Koti M writes us from Andhra Pradesh. These are my financial goals: My first child's education in nine years (Rs 1 crore), second child's education in 12 years (Rs 1.2 crore) and my first child's wedding in 15 years (Rs 1 crore). My retirement in 20 years (Monthly income of Rs 2 lakh). Note that I have not tied my financial goals to my investments yet. Please evaluate my portfolio and help me in setting a scheme to a goal.
Here is the list of my SIP:
| ABSL Tax Relief 96 | 5,000 |
| Axis Long Term Equity Fund | 5,000 |
| BNP Paribas Mid Cap Fund | 9,000 |
| HDFC Mid Cap | 5,000 |
| HDFC Small Cap Fund | 9,000 |
| Invesco India Small Cap Fund | 6,000 |
| Kotak Emerging Equity Scheme | 9,000 |
| L&T Emerging Businesses Fund | 6,000 |
| L&T Midcap Fund | 9,000 |
| RELIANCE SMALL CAP FUND | 6,000 |
| RELIANCE GROWTH FUND | 9,000 |
| SBI Small Cap Fund | 6,000 |
A: You have very high exposure in small and mid cap funds. As BNP Paribas Mid Cap has been underperforming its benchmark, you can replace this scheme with a large cap fund. You can add ICICI Prudential Bluechip or SBI Bluechip Fund. Replace Reliance Growth Fund with Reliance Large Cap Fund. Your current monthly investment is good in ratio of your month income, but increase the amount every year in line of increment in your income.
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