I have invested Rs 3,000 in each of these schemes:
Aditya Birla Sun Life India GenNext Fund
Axis Dynamic Equity Fund
Mirae Asset Emerging Bluechip Fund
Franklin India Prima Fund
Aditya Birla Sun Life Equity Fund
I have also invested in HDFC Life ProGrowth Plus. I have two policies of Rs 1 lakh each, payable in June every year. I want to know if my portfolio is right as I do not have any requirement of fund for next three- five years. I want to have corpus of Rs 80 lakh by 2026. My risk profile is moderate.
-Ashutosh Bhatt
You are currently investing in a thematic scheme, balanced advantage scheme, large & mid cap scheme, mid cap fund, and multi cap scheme. Your portfolio is not sharply focused and is also not in line with your risk profile. For example, multi cap schemes are recommended to moderate investors. If they want to diversify and reduce risk further, they can also take a small exposure to large cap funds.
However, you have invested in the thematic fund, mid cap fund, and large & mid cap fund. These schemes are risky and they are suitable for aggressive investors. And balanced advantage or dynamic allocation funds are meant for conservative investors who want to leave the job of taking a call on valuations and allocation to equity to the fund manager.
You should reassess your risk profile and make sure that your portfolio is in line with your risk profile. If you do not know enough about mutual funds or investments, you should seek the help of a mutual fund advisor.
Regarding you last query about your target corpus, we are assuming that you are investing Rs 15,000 every month. Assuming an annual return of 12% on your investments, you will be able to create a corpus of Rs 12.37 by investing Rs 15,000 every month in the next five years. Note, this is a rough calculation because you have not provided the exact details of your investments. For example, when you have started investing, how much you have made, etc.
