iStockI am a new investor and I started investing in mutual funds two two years ago:
1) SBI Magnum Medium Duration Fund: Rs 2,000 (Rs 36,000 already invested)
2) Axis Strategic Bond Fund: Rs 2,000 (Rs 36,000 already invested)
3) Axis Long Term Equity (ELSS): Rs 4,000 (Rs 56,000 already invested)
4) ICICI Prudential Equity & Debt Fund: Rs 3,000 (Rs 51,000 already invested)
5) DSP Tax Saver Fund: Lumpsum in last quarter for the last-minute tax saving in past two year (Rs 67,500 invested)
I have a home loan with a Rs 30,000 monthly EMI for the next 18 years. I have a moderately high-risk profile. I have an investment horizon for more than six years.
Currently, I've stopped my SIP as soon as the market went down last month.
What would be the expert advice for me, based on the current scenario? Should I consider any other funds? Are the existing funds capable of delivering healthy returns or should I withdraw from these at a suitable appreciation point? Recommend changes to my portfolio if needed?
-Shreesh Tripathi
You are currently investing in two medium duration debt funds, a tax-saving fund or ELSS, and aggressive hybrid fund. You have also invested a lumpsum in another tax saving fund. That means you are investing in two debt mutual funds and three equity-oriented funds, including your lumpsum investments in a tax saving fund.
Your portfolio is a bit confusing. It is not clear why you have chosen debt schemes when you have a horizon of at least six years and higher risk appetite.
It is not a great idea to stop your investments when the market goes through a bad phase. The basic idea of investing regularly through an SIP is to buy more units during a downturn, and maximise returns. Also, it is not clear why you stopped your investments in debt mutual funds because of the trouble in the stock market a month ago due to the coronavirus pandemic.
Seek the help of a mutual fund advisor near you. He might be able to offer you personalised help after getting more details about your personal and financial situation. Gain some experience and knowledge about investing in mutual funds before trying to take care of your investments on your own. Do not experiment with your hard-earned money and do not expose your investments to unwanted risks.
1) SBI Magnum Medium Duration Fund: Rs 2,000 (Rs 36,000 already invested)
2) Axis Strategic Bond Fund: Rs 2,000 (Rs 36,000 already invested)
3) Axis Long Term Equity (ELSS): Rs 4,000 (Rs 56,000 already invested)
4) ICICI Prudential Equity & Debt Fund: Rs 3,000 (Rs 51,000 already invested)
5) DSP Tax Saver Fund: Lumpsum in last quarter for the last-minute tax saving in past two year (Rs 67,500 invested)
I have a home loan with a Rs 30,000 monthly EMI for the next 18 years. I have a moderately high-risk profile. I have an investment horizon for more than six years.
Currently, I've stopped my SIP as soon as the market went down last month.
What would be the expert advice for me, based on the current scenario? Should I consider any other funds? Are the existing funds capable of delivering healthy returns or should I withdraw from these at a suitable appreciation point? Recommend changes to my portfolio if needed?
-Shreesh Tripathi
You are currently investing in two medium duration debt funds, a tax-saving fund or ELSS, and aggressive hybrid fund. You have also invested a lumpsum in another tax saving fund. That means you are investing in two debt mutual funds and three equity-oriented funds, including your lumpsum investments in a tax saving fund.
Your portfolio is a bit confusing. It is not clear why you have chosen debt schemes when you have a horizon of at least six years and higher risk appetite.
It is not a great idea to stop your investments when the market goes through a bad phase. The basic idea of investing regularly through an SIP is to buy more units during a downturn, and maximise returns. Also, it is not clear why you stopped your investments in debt mutual funds because of the trouble in the stock market a month ago due to the coronavirus pandemic.
Seek the help of a mutual fund advisor near you. He might be able to offer you personalised help after getting more details about your personal and financial situation. Gain some experience and knowledge about investing in mutual funds before trying to take care of your investments on your own. Do not experiment with your hard-earned money and do not expose your investments to unwanted risks.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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