Review portfolio

[hamir]

Hi,

I am investing for different goals and have been doing from last 4-5 yrs now. Recently only I have split up funds according to my needs/goals, Kindly review and don't hesitate to ask for more information.

For my Retirement(Atleast 20 yrs away):
DSPBR Top 100 5000
HDFC Top 200 5000
Hdfc Prudence 4000
Reliance Diversified Power Sector 1000

For My kid(1 yr old right now)..so very long term:
Reliance RSF-Equity 2000
DSPBR Balanced 1000
Tata equity P/E 1000

For my general needs(may be car/home down payment)..easily 3-5 yrs away:
Birla sun life frontline Plan A 5000
IDFC Premier Equity Plan A 2000
ICICI Pru Infrastructure 1000

I know that I have lot more funds than required but I wanted to invest separately for each goal and not end up mixing and when I withdraw I know from where and which goal I am taking money away. Just wanted to simplify things at my end.

Suggestions are welcome from active and senior members.

 

[milind]

Hi,

I am investing for different goals and have been doing from last 4-5 yrs now. Recently only I have split up funds according to my needs/goals, Kindly review and don't hesitate to ask for more information.

For my Retirement(Atleast 20 yrs away):
DSPBR Top 100 5000
HDFC Top 200 5000
Hdfc Prudence 4000
Reliance Diversified Power Sector 1000

For My kid(1 yr old right now)..so very long term:
Reliance RSF-Equity 2000
DSPBR Balanced 1000
Tata equity P/E 1000

For my general needs(may be car/home down payment)..easily 3-5 yrs away:
Birla sun life frontline Plan A 5000
IDFC Premier Equity Plan A 2000
ICICI Pru Infrastructure 1000

I know that I have lot more funds than required but I wanted to invest separately for each goal and not end up mixing and when I withdraw I know from where and which goal I am taking money away. Just wanted to simplify things at my end.

Suggestions are welcome from active and senior members.

Hamir,

Congratulations for getting into disciplined investing. Few comments.

Its not clear to me how your long term goals for the three portfolios translate to what kind of funds you chose to invest for that portfolio. But on the whole, you have 9 funds. 2-3 too many if it were a single portfolio. On the other hand, you have chosen good funds, and diversified across fund houses.

Is your allocation to Balanced funds to account for debt allocation? If you have covered debt part of asset allocation outside of your MF investments, then I would question need for balanced funds here.

I am generally against thematic funds. Power/Infra are no more in vogue. You may consider removing Reliance Div Power.

-- Milind

 

[hamir]

Thanks Milind for your reply.

I would admit here my ignorance. I paid more attention on having separate investments for my different goals instead of choosing which funds should be target toward which goal. I did this classification 6 months back only and I guess I am open to suggestions as things have not gone very far :thumb:

I didn't want to include my other investments here to keep it simple. As people would generally push to reach investment advisor.

Yes I do put some money in PPF in my and my wife's name. Have started from last 3 yrs. I do have fixed deposits..I do have couple of ULIPS( running from 4-5 yrs).

So do you mean to remove/move balanced funds to more short term goals? Retirement/kids investment should not have balanced fund?

Let's keep focus on aligning funds to respective goals and if I need remove/move any funds from portfolio.

 

[xxdiesel]

Hi,

I am investing for different goals and have been doing from last 4-5 yrs now. Recently only I have split up funds according to my needs/goals, Kindly review and don't hesitate to ask for more information.

For my Retirement(Atleast 20 yrs away):
DSPBR Top 100 5000
HDFC Top 200 5000
Hdfc Prudence 4000
Reliance Diversified Power Sector 1000

For My kid(1 yr old right now)..so very long term:
Reliance RSF-Equity 2000
DSPBR Balanced 1000
Tata equity P/E 1000

For my general needs(may be car/home down payment)..easily 3-5 yrs away:
Birla sun life frontline Plan A 5000
IDFC Premier Equity Plan A 2000
ICICI Pru Infrastructure 1000

I know that I have lot more funds than required but I wanted to invest separately for each goal and not end up mixing and when I withdraw I know from where and which goal I am taking money away. Just wanted to simplify things at my end.

Suggestions are welcome from active and senior members.

For my Retirement(Atleast 20 yrs away): There is no need for a balanced fund for a 20 year horizon. Moreover, its from the same AMC and managed by the same fund manager. You can instead split the prudence SIP into DSPBR Top 100 and HDFC top 200. Stay with the sector fund if you are bullish on it. Else, change it to a mid cap fund like DSPBR Micro Cap.

For My kid(1 yr old right now) Again, there is no need for a balanced fund and Tata fund is not among the best in the space. I'd say stay with the Reliance Fund for now and change the balanced to another large cap and the tata fund to a Large and Mid cap. Options could be Fidelity Equity, Fidelity India Growth and HDFC Mid Cap Opportunities.

For my general needs Well, stay with the Infra fund if you are bullish on it. The other two are brilliant funds.

 

[hamir]

Thanks for feedback guys.

I agree with you guys that there is no need for balanced funds for long term goals. I'll switch them off and shift SIP to large cap or mid cap. Might take some time

Also, are we in agreement with maintaining different group of funds for different goals? I know it increases the number of funds but if you look goal wise you only have to track 2-4 funds for each goal and it makes tracking progress goal wise very easy.