Aniruddh Mittal is investing for his son’s goals and his retirement. Here is what the doctor advised:
PORTFOLIO CHECK-UP
- Investing in well chosen equity funds for past 2-3 years.
- All funds are good but needs to increase investments.
- SIPs must also be hiked 10% every year to reach goals.
- Portfolio has too many small and midcap funds. Be ready for volatility.
Note from the doctor
- Don’t buy too many funds. Just 4-5 funds are enough.
- Buy life insurance for yourself to safeguard family’s financial future.
- Review investments and rebalance at least once in a year.
- Reduce risk when goal is near so that you don’t miss the target.
Dinesh Parmar is saving for his daughter’s goals and his retirement. Here’s what the doctor says:
PORTFOLIO CHECK-UP
- Investing in equity funds for past three years.
- Child goals are easy to achieve with small increases in SIPs.
- Retirement target of Rs.70,000 per month cut to Rs.50,000.
- Review mutual fund portfolio at least once a year. Change if any fund’s performance slips.
- Reduce risk when goal is near so that you don’t miss the target.
Assumptions used in the calculations
Inflation
Education expenses: 10%
For all other goals: 7%
Returns
Equity funds: 12%
Debt options: 8%
Portfolios analysed by Raj Khosla, Managing Director and Founder, MyMoneyMantra
Write to us for help
If you want your portfolio examined, write to etwealth@timesgroup.com with “Portfolio Doctor” as the subject. Mention the following information:
- Names of the funds you hold.
- Current value of the investment.
- If you have SIPs running in any of them.
- The financial goals for which you invested.
- How much you need for each financial goal.
- How far away is each goal