Mutual fund investment plan: ET Now Swadesh YouTube channel often comes up with an episode on investment tips in its popular show ‘Bano Apna Finance Minister’. In this show, the anchor Kavita Thapliyal focuses on mutual fund queries raised by the investors and makes sure a financial expert answers the doubts raised by the investors, whether they are beginners or veterans. Everyone is welcome with their queries.
In this article, we have fetched information from a chunk of this show, focusing on which funds and strategies to use to target Rs 2 crore in 10 years, along with expert advice, fund recommendations and more. The expert Samir Shah, founder of Investa, has thoroughly reviewed an investor profile and given his review. Here’s what you need to know.
Mutual fund investment plan: Investor portfolio
Mutual fund investment plan: Expert recommendation
According to the expert, the investor portfolio overlaps. Portfolio overlap in mutual funds occurs when different funds in an investor’s portfolio hold the same stocks, securities, or assets.
The expert further recommended keeping 5-6 high-performing funds. Having too many funds reduces returns and makes management difficult.
Mutual fund investment plan: Fund recommendation by expert
Mutual fund investment plan: Expert advice
Consolidate your portfolio by keeping just one large cap fund and one mid cap fund, avoid sectoral or thematic funds like defence or commodities for long-term investing, and consider stopping your ELSS SIP if you are using the new tax regime.
Current SIP: Rs 40,000 — 93 lakh in 10 years (at 12% return)
To reach Rs 2 crore: Increase SIP to Rs 85,000, OR
Increase to Rs 60,000 and step up 10% yearly, OR
Extend the investment period to 15 years
