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What is the right mix of funds if I want to retire early? Case study.
I want to get nearly Rs 2 crores in 15 years time.
I am 32 and married with one baby girl (1.5 years old). I am investing in mutual funds (MFs) since last four years and has a very handsome gain of more than 25% in my overall portfolio. My goal is to retire early and become financially free by 2034-35. This is the break up of my portfolio: Nippon India Smallcap Fund- ₹5k, SBI Smallcap Fund- ₹5k, SBI Focused Fund- ₹5k, Axis midcap Fund- ₹10k, Axis LT equity Fund- ₹10k, PPFAS Flexicap Fund- ₹10k, Mirae Asset Emerging Bluechip Fund- ₹2.5k. Do you think this is the right mix of funds to achieve my goal and do I need to add an index fund (preferably UTI Nifty 200 momentum 30 index fund) in my portfolio? I have no loans of any type.
Given your present investment amount and rate of monthly SIPs, you are on target to achieve a corpus of about ₹2.5 crore in 13 years. That would be able to support you for 20 further years of livelihood at ₹75,000 per month of living expenses (in today’s money), assuming a long-term inflation of 6% and portfolio returns of 12% annually. Apart from this, you also have to ensure that you can support your daughter’s higher education needs in about 15 years. Calculating using a rough estimate of ₹8 lakh per year (in today’s money), you would need an inflation adjusted corpus of ₹75 lakh in 13 years to support this goal. Consult a financial planner to understand these numbers properly and plan accordingly. Coming to your portfolio, you are investing mostly in broad-market diversified funds (flexicap, focused, tax-saving). About 58% of your portfolio are in such funds with the remaining going to mid and smallcap allocations. So, yes, you would do well to add an index fund to your portfolio. The UTI Nifty Index fund will fill this gap and also add a stable large-cap fund to the mix. Also, you can consider either adding or replacing (a smallcap fund) with an overseas fund (as and when these funds open back up for subscriptions).
Sensex, Nifty slip into the red as banks drag; auto stocks up
Stock markets today: Indian share markets ended lower on Wednesday. U.S. equity futures fell and Asian stocks were mixed Thursday as traders weighed geopolitical concerns and the likely path for Federal Reserve interest-rate increases.
Indian equities opened higher amid mixed global cues. US equity futures fell and Asian stocks were muted as traders weighed Ukraine tensions and Fed’s tightening. At open, Sensex was up 258.53 points at 58255.21, and Nifty rose 92.10 points to 17414.30
Markets remain on edge after Western countries including the U.S. warned that Russia’s military presence on Ukraine’s borders was growing, rather than shrinking as Moscow has insisted. Worries about a super-hawkish Fed rate-tightening campaign took a step down overnight after minutes of the latest policy meeting signalled a more measured, data-dependent approach from central bank officials.
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