PORTFOLIO DOCTOR
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.Akaash Beniwal and his wife are saving for mutiple goals. Here’s what the doctor has advised them:
PORTFOLIO CHECK-UP
- Has been investing in a mix of equity, debt and gold mutual funds for the past 3-4 years.
- Aggressive investments have built a sizeable portfolio.
- Portfolio is well diversified across large-, mid- and small-cap segments.
- Funds are mostly good but some laggards need to be removed.
- Plans to retire early at 51, so needs a large retirement corpus.
- Investing in stocks directly.
- Portfolio has an equity skew. Add some fixed income investments as well.
- Contribute more to Provident Fund or open PPF for wife.
- Set up an emergency fund to take care of 5-6 months’ expenses.
Note from the doctor
- Need to take Rs.1.2 crore loan for house. Take insurance cover when taking loan.
- Both husband and wife should take life insurance cover of at least Rs.2 crore each.
- Opt for balanced allocation to equity and debt funds in the NPS.
- Review investments and rebalance at least once in a year.
- Reduce risk when goal is near so that you don’t miss the target.
WRITE TO US FOR HELP
If you want your portfolio examined, write to etwealth@timesgroup.com with Portfolio Doctor as the subject. Mention the following information:
- Names of the funds you hold.
- Current value of the investment.
- If you have SIPs running in any of them.
- The financial goals for which you invested.
- How much you need for each financial goal.
- How far away is each goal.