I am 24 need advice for my portfolio.
Can you please suggest something for my portfolio? What can I remove,add or modify.
- ELSS Plans (5k)
- quant elss tax saver - 3k
- parag parekh elss - 2k
- Normal mutual fund investment (21k)
- parag parikh flexcap fund - 5k
- quant small cap fund - 14k
- nippon small cap fund - 2k
- Public provident fund 4k per month
- Smallcase (3.5k)
- global opportunities asset allocation by windmill capital- 3.5k
Earlier the values were like below which I modified to keep my portfolio clean.
- ELSS Plans
- quant elss tax saver 1k
- bandhan elss tax saver 1k
- mirae asset elss 1k
- parag parekh elss 1k
- sbi tax saver elss 1k All are direct funds
- Normal mutual fund investment
- uti nifty 50 index fund - 2k
- invesco India infrastructure fund - 1.5k
- parag parikh flexcap fund - 3k
- canara robeco large cap fund - 2.5k
- quant small cap fund - 4k
- zerodha nifty largemidcap 250 index fund 2k
- icici prudential technology fund - 2k
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Public provident fund 2k per month
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Smallcase
- Equity and gold asset allocation by windmill capital - 2.5k
- angle one rising india quity theme - 2.5k
- global opportunities asset allocation by windmill capital- 3k
- precious metal tracker by zerodha fund house - 1.5k
- midcap and gold asset allocation by zerodha fund house - 2k
Stop ELSS SIPs. It's useful only for old regime. Now itself new regime makes sense for most ppl. Whenever the 3 year locking of elss expires, withdraw as per your needs.
Since you already started ppf, just keep it active with yearly minimum of rs.500. it's not an investment, just a long term lock in govt scheme.
Don't buy 20 MFs and smallcases. Waste of time. Smallcases is very fee-heavy Concentrate into say 4 MFs
One flexicap (45%) One Midcap or mid+small cap (40%) One debt fund (10%) One gold fund (5%)
My current portfolio is having 3 mfs only, I opt for old regime thats why putting in elss and ppf. You you were at my place with same portfolio what you would have picked up??
- ELSS Plans (5k)
- quant elss tax saver - 3k
- parag parekh elss - 2k
- Normal mutual fund investment (21k)
- parag parikh flexcap fund - 5k
- quant small cap fund - 14k
- nippon small cap fund - 2k
- Public provident fund 4k per month
- Smallcase (3.5k)
- global opportunities asset allocation by windmill capital- 3.5k
- You can buy bonds which are giving >~12%
- Invest in Gold ETFs.
- Invest in US Stocks. With the Trump policies, chances are US stocks will grow.
- If you want to really diversify, invest in crypto. As long as Trump is there, crypto will keep going up.
- Since you're working in Zepto, you must be minting ton of money... you can also invest in real estate. Thats where folks make the most money.
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Stop over diversifying . Mutual funds are a collection of stocks . Make a collection of collection will give you same returns as nifty or .
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In 5 years time, what do you think will be more prevalent. Spend in companies making that or companies making the products that make that.
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Just keep gold as hedge .
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Play 10% extremely risky. Like jackpot risky. If you get lucky the rest 90% won't matter .
Adding to this the 10% extremely risky here actually refers to few multibaggers that can grow 10X. And this is the same theory Peter Lynch supports. This is a hosted advice. Thanks for this comment.
Great to see a fellow reader and follower of the big shots.
If I was at your place I would have below funds only-
- Motilal Oswal Large & Mid Cap fund
- Hdfc mid cap/ Kotak mid cap fund
- Nippon India Small Cap/ Quant Small Cap
- Gold MF like Icici/sbi
- Silver MF
That's it, keep it simple!
Keep ELSS only if you have no other option left under 80c as that will block your money after each transaction is made.
Instead PPF switched to NPS to get additional 50K tax benefits.
Your age is less so make sure to get a 2 term insurance from different companies like one from LIC and tata aia of a company with good reputation plus higher claim ratio.
And do not overcomplicate with many MF. Keep it simple and automated MF diversified with large mid and small. Make sure no major things overlap. Review every 6 months.
Why to take 2 term insurance?
For safety reasons. You will not be there to fight if something goes wrong and claims rejected or delayed for any reason so better to split the amount with 2 different companies and not both would be having the same issues for the delayed payment settlement so. Hope it's understood.
Please maintain 5 to 6 quality MF Like large cap, mid cap , small cap, flexi cap, infrastructure, gold ETF
I see people talking about infra very rarely. Any reason you'd suggest this as it sounds interesting
Add NPS for Stability
As great as NPS is as an instrument. I don't like that I have to put a good portion of my return back to those retirement plans. And it's an opinion because I support FIRE. And NPS doesn't align with me but it can align with many people
NPS has lowest expense Ratio from AUM. It also invest in AIF (lower percentage) & Bond market NPS/PPF also can help me get LOAN in lowest interest rate. In case of emergency you can withdraw 50% tax free. This are few points which attracted me.
You're 24. Keep 100% in Nifty Next 50 for the next 10 years. Then move to 50:50 of Nifty & NN50.
If you really want US exposure, take 2-3 years of time. Figure out better ways to invest in the US market directly. And go with the s&p500 index etf or nasdaq100 index. Minimum 30% allocation.
Background: more than 10yrs in investing, initial 2.5 yrs in unnecessary nonsense (just like yours above) bothering myself with finding the best new mf and allocation. Since last 7 yrs life has been unbothered by this section from a list of worries.
