MF Portfolio for my mom

#1
Hi, My mom is retired and looking for ways to invest her monthly pensions after monthly expenses.. she would have a disposable income of Rs.10,000 every month. Apart from that she has about 8 lacs currently in various MFs as SIPs and one-time investment.

Her requirement would be some part that should be immediately liquidated, some part can be for 2-3 years and same can be for >5 yrs… need your expert advise on revamping her portfolio so that she’s able to invest in a disciplined manner with less funds to manage.. currently her portfolio is swamped with too many funds and needs to be cleared. Any advise will be much appreciated..

And whenever there is a savings of lump sum amount (50K to 1 lac) she’s always confused as to where to park her funds… any suggestion for this scenario? (park funds for short term and long term)

The current breakdown is as below
Gold funds – 3.75lacs (Reliance & BSL – one of them is SIP of 2k each month)
Balanced funds – 1 lac (HDFC Prudence fund)
Equity funds – 2.75 lacs (HDFC Top 200 (SIP - 2000), HDFC Top 200, ICICI Focussed Bluechip, Franklin India High Growth (SIP - 2000), Franklin India High growth)
Debt Fund – 50K ( Tata dual advantage – Scheme A, Plan A)

Please let me know if you need more info... I need your expert's advise..!

Regards,
Subbu
 
#2
Hello,

Having read your post. I have come to the conclusion that your mom needa a structured product for disciplined investing. However, for the liquid part of the fund i have a wide array of suggestions which would be difficult to write on this post.
you can reply to me for more details.
 

Natu

New Member
#3
Hi.

The best way is to allocate funds to various asset classes keeping her risk appetite.

A retired person should avoid taking high risk investment. The thumb rule is she must invest percentage equal to her age to fixed income safe securities like fixed deposits. Balance she could invest in mutual funds, shares, gold etc.

If she is below 55yrs of age, then I can suggest an excellent scheme to her which offers her Insurance, Tax Benefits, Personal Accident etc. You may write to me for more details.

Regards.

Natu.
 

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