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Long-Term Goal Achievement

Over-exuberance can make investors stray from investing principles and goals

I am 30 years old and my goal for investment is the marriage of my daughter (currently 8 years old). How can I reach my goal? For the last one year, I have been investing in funds through SIPs.

Funds  Amt(Rs)
Reliance Regular Savings Equity  500
Reliance Natural Resources Retail  500
IDFC Enterprises Equity Plan A  5000*
Franklin Templeton India Income Equity  500
JM Contra 500
AIG World Gold Fund 1000
DSPBR Top 100 500
Birla Sun Life Frontline Equity  500
ICICI Prudential Focused Equity Retail 500
Sundaram BNP Paribas Select Focus Fund 500
Sundaram BNP Paribas Select Paribas Mid Cap  500
* One-time
-Inder Preet Singh

You are currently investing Rs 5500 in 10 funds through systematic Investment Plan (SIP). Rather than investing in 11 odd funds, why don’t you limit your investment to just two to three funds, this would make your portfolio lot more manageable than it is currently. Invest in two plain vanilla equity diversified funds (like Birla Sun Life Frontline Equity, DSPBR Top 100, HDFC Top 200) and one aggressive fund (like Reliance Regular Savings Equity, Sundaram BNP Paribas Select Focus, Sundaram BNP Paribas Select Midcap). But later, as you come nearer to your goal please replace one of the equity funds with a debt fund and increase you debt allocation steadily.

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