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Get Organised

A little bit of organising can help you take advantage of the good funds in your portfolio…

I am 37 years old and have two daughters aged 4 years and 4 month. I have investments in Reliance Growth, Reliance Regular Savings Equity, HDFC Top 200, HDFC Taxsaver, Reliance Tax Saver, Birla Sun LifeTax Relief 96. Most of these investments were done with tax savings as the motive; please suggest funds for wealth creation that I can invest over the next ten years for my daughters.
- Nageswara Rao

You have some good funds in your portfolio, with which a little bit of organising will help you achieve your long-term wealth creation goals. For instance, your portfolio lacks in core fund holdings; if your tax planning funds have completed the mandatory 3-year lock-in, you can consider exiting them and look at investing large-cap funds such as Franklin India Bluechip or DSPBR Top 100 Equity along with HDFC Top 200 this will form the core of your portfolio and should account for 70-80 per cent of your portfolio. You can continue your investments in Reliance Growth and Reliance Regular Saving Equity, however, make sure you track the fund performance to make any necessary changes to your holdings.

Schemes  Category  Rating  3-yrs ret (%)  5-yrs ret (%)
Birla Sun Life Tax Relief 96 Tax Planning *** 6.86 15.93
HDFC Taxsaver Tax Planning **** 17.89 18.51
HDFC Top 200 Large & Mid Cap ***** 17.1 22.6
Reliance Growth Mid & Small Cap **** 10.02 20.51
Reliance Regular Savings Equity Multi Cap **** 12.87 25.37
Reliance Tax Saver Tax Planning **** 15.18 17.2
Returns as on June 13, 2011 Ratings as on May 31, 2011

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