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    Is my mutual fund portfolio in line with my risk profile?

    Synopsis

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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    I am 24 years old and I have been investing in mutual funds since 2017. Apart from ELSS funds, I am investing in five schemes for my core equity portfolio. My risk appetite is moderate to high and my goals are: children’s education and marriage, my retirement which are 10, 20 and 30 years away. My funds are:
    Parag Parikh Long Term Equity Fund
    Kotak Standard Multicap Fund
    Invesco India Contra Fund
    Mirae Asset Emerging Bluechip Fund
    Franklin India Prima Fund


    I am also investing in two ELSS funds:
    Aditya Birla Sun Life Tax Relief 96
    Mirae Asset Tax Saver Fund

    Please let me know whether these funds are in line with my risk appetite. I have added a large & mid cap and mid cap fund as I have more than 15 years for most of the goals. All the funds are in direct plan, growth option.
    --Deepanjan Neogi


    Things You should consider
    • Annualized Return
      for 3 year: -1.65%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 3.1 Years
    Things You should consider
    • Annualized Return
      for 3 year: 2.78%
    • Suggested Investment
      Horizon: >3 years
    • Time taken to double
      money: 2.12 Years
    Rishabh Parakh, Founder, Money Plant Consultancy, responds:

    You have an overall balanced portfolio in line with your risk profile. The only missing point is the amount linked to each goal. At least, you have not mentioned it. I believe you must have done it already. If not, you must do a comprehensive financial planning first. After that selecting the right mutual fund schemes becomes easier. Also, it becomes easier to calculate the SIP investments needed to achieve your long-term financial goals. You should opt for relatively less riskier investment options for goals like your children's marriage. The only change I would suggest on the basis of the information given in your question is to replace Franklin India Prima Fund with Kotak Emerging Equity Scheme.
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
    The Economic Times