I am 24 and can save Rs 15,000 per month which I want to invest in mutual funds through SIPs. My objective is to build a house for Rs 75 lakhs within 10 years and my risk appetite is high, please suggest a suitable mutual fund portfolio that I can invest in>- Vijayakumar Jeganathan
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You have age on your side and aggressive investments with high equity exposure will take you a long way. We are suggesting the Value Research Aggressive portfolio made of six funds that has collective 80 per cent equity allocation to you. These are all highly rated funds with a proven track record and performance history. You should invest with 25 per cent allocation to Fidelity Equity and HDFC Equity with 15 per cent allocation to DSPBR Micro Cap and IDFC Premier Equity and ten per cent allocation to AIG World Gold and BSL Dynamic Bond retail. Invest regularly and assess the performance of your portfolio regularly towards your financial goal.
This article was originally published on August 24, 2011.