Aditya Birla Sun Life Frontline Equity Fund: Rs 3,000
Motilal Oswal Multicap 35 Fund: Rs 6,000
ICICI Prudential Value Discovery Fund: Rs 6,500
Axis Long Term Equity Fund: Rs 2,500
Nippon India Tax Saver (ELSS) Fund: Rs 2,500
HDFC Mid-Cap Opportunities Fund: Rs 3,500
DSP Midcap Fund: Rs 1,000
HDFC Hybrid Equity Fund: Rs 2,000
SBI Bluechip Fund: Rs 2,000
Kotak Standard Multicap Fund: Rs 1,000
Is my fund selection right? Should I change any scheme? My goals are: to retire at 60 with a corpus of Rs 3 crore. Rs 1 crore for my child’s education. And Rs 25 lakh for my child’s marriage. My risk profile is aggressive.
--Abhishek Ghodke
Tarun Birani, Founder and CEO, TBNG Capital Advisors, responds:
Your mutual fund portfolio looks well diversified. The highest allocation is in multi cap category. It will benefit you as the mid-and small-caps are expected to pick up in the coming years. You should continue with your SIPs.
Below is your current investment in different mutual fund categories:
Your investment of Rs 30,000 per month is sufficient to take care of your retirement goal of Rs 3 crore. For your other two goals, child’s education and his marriage, you will have to top up your SIPs.