I invest in SBI Global, HDFC Midcap Opportunities, ICICI Prudential Focused Bluechip, Reliance Opportunities, UTI Opportunities and UTI Dividend Yield fund. I have been investing in them via SIPs for the last 3 years. My goal is to invest for my retirement and my child's education, the time horizon is 15-17 years. Please give your opinion about my portfolio. Should I maintain separate portfolios for the two goals?
-Chandrashekhar
You can continue with the same portfolio because your goals have nearly the same time horizon. You have chosen good, diversified funds. You can continue investing in them. Review your funds annually. When you have few years to your goals, start withdrawing your money and invest it in a fixed income fund. It is important to do this systematically to protect your gains from equity.
Assuming you have been investing equal amount in all funds, your investments would have earnt absolute returns at 20.14 per cent over the three year period.
Nearly 48 per cent of your money is invested in large cap stocks and the rest is in mid and small cap stocks. This is a fairly aggressive allocation for your 15-year horizon, which is good.
This article was originally published on January 06, 2014.
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