I need to make investments a lump sum ₹15 lakh for my daughter’s wedding ceremony, who’s 12 years previous. Would you thoughts suggesting appropriate choices?
— Komal
(Queries answered by Sanjiv Bajaj, joint chairman and managing director, Bajaj Capital)
Considering your purpose, we assume your threat profile might be reasonable to long run for the following 10 -12 years. You could create a complete mutual fund portfolio consisting of fairness and hybrid funds with a 60:40 ratio, respectively. Parag Parikh Flexi Cap Fund, UTI Flexi Cap Fund, Mirae Asset Emerging Bluechip Fund, Canara Robeco Emerging Equities Fund, Nippon India Growth Fund & Kotak Small Cap Fund within the fairness class whereas you can even think about Aditya Birla Sun Life Balanced Advantage Fund, ICICI Prudential Asset Allocator FoF & DSP Dynamic Asset Allocation Fund in Hybrid class.
A noteworthy level right here is you can make an fairness funding by choosing 12 months systematic switch plan (STP) route, whereas you can even make a hybrid funding in a lump sum. This means your portfolio might be diversified throughout asset class, class, scheme and asset administration firm. It can also be advisable to maintain reviewing your portfolio no less than yearly.
Can you assist me counsel a mutual fund with funding in worldwide enterprise and secondly shall one put money into them.
-Rajeshwary
To diversify your general mutual fund’s portfolio, one can allocate as much as 10% to worldwide fairness funds. It offers you geographical diversification and provide the chance to put money into sectors that aren’t accessible in India. There are a number of worldwide funds accessible nonetheless chances are you’ll select Franklin India Feeder – U.S. Opportunities Fund, ICICI Pru US Bluechip Equity Fund or Motilal Oswal Nasdaq 100 FOF.
(Send queries and views at [email protected])
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