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Class Class | Allocation | Funds |
Fairness Index Funds | 10%-15% | ICICI Prudential Sensex Index Fund |
Fairness Giant & Midcap | 10%-15% | Mirae Asset Rising Bluechip Fund |
Fairness Flexi Cap | 15%-20% | Parag Parik FlexiCap Fund |
Fairness Worth Fund | 5% | IDFC Sterling Worth |
Fairness Worldwide | 10%-15% | ICICI Prudential Nasdaq 100 |
Hybrid Dynamic Asset | 10% | ICICI Prudential Balanced Benefit |
Debt Mutual fund | 20% | |
Gold | 10% | Gold Mutual Fund |
I’ve particularly averted selecting:
Giant Cap – as I get uncovered to it by way of Index Fund and Giant & Midcap
Small cap – as I get uncovered to it by way of Flexi Cap class.
Questions
1. Are you able to touch upon the above proposed portfolio – This provides as much as about 10 schemes throughout Fairness, Debt and Gold.
2. Am I overdiversifying?
3. I additionally need to allocate some share to new age fund classes like Sensible beta and Quant fund. Would you recommendation in the direction of that?
-–Nitin Sadana
Vishal Dhawan, Founder, PlanAhead Wealth Advisors, responds:
As you’ve a long run funding horizon, we want to advise some modifications on the above portfolio:
You possibly can contemplate exiting Mirae Rising blue-chip fund , though it has a superb monitor document as you have already got Parag Parikh flexi cap within the portfolio which provides publicity to shares throughout market caps.
balanced benefit fund may also be eradicated out of your portfolio as your horizon is long run and balanced benefit funds are normally meant to include volatility and smoothen the efficiency in shorter durations,
Cut back your present allocation in gold from 10% to five% as equities as an asset class defend from inflation higher than gold in the long run.
Moreover we might advise you to think about further publicity in a pure worldwide fund, as the identical is lacking within the portfolio. We advocate worldwide publicity by way of a developed market index fund
For good beta alternate options , you may have a look at investing 5-10% of your portfolio in an element primarily based ETF/fund centered on momentum and/or low volatility.
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