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QuirkyDumpling
QuirkyDumpling
Cred

Need advice for next steps

This is the current state of my portfolio, I've been doing an SIP of 60k per month for the last 3 yrs. I want to increase my SIP to 1 lakh. I have a few questions. I won't be having any big expenses for the next 4 years.

  1. It's mostly a large cap right now (80%), how do I distribute this extra money and rebalance the current money, do I need to book this profit and put lumsum after somewhere as well?
  2. How do I get educated on this more, any sources will be appreciated.
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4mo ago
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WobblyCupcake
WobblyCupcake
Credit Suisse Group4mo

Awesome work! Why so much in tax saver? I think your pf would be covering the 80c no? Try midcap also, mirrae mid and large cap, mirrae focused funds, motilal midcap, dsp midcap, and also it is suggested to have small cap also, see Nippon small cap. Buy some gold also, this is best time, just my 2 cents. Best luck!

QuirkyDumpling
QuirkyDumpling
Cred4mo

Hey thanks for the MF suggestions will definitely look into them.

I just bought 1.5 lakhs of physical gold, I don't put much into ppf, just around 40k because of low returns, you think mirai ELSS is not needed?

Will having a gold etf component in my portfolio be a good idea?

WobblyCupcake
WobblyCupcake
Credit Suisse Group4mo

What's your EPF contribution?

FluffyCupcake
FluffyCupcake
Amazon4mo

  1. Maybe you can continue the current allocation, addition money can be poured into risky (mid & small) funds. I won’t book profits in large caps at this point of time as relative valuation comfort is higher in large caps.

  2. Pick fundamental investing books, google will provide lots of answers. Zerodha has good learning materials.

JazzyPancake
JazzyPancake
Stealth4mo

Search for tax harvesting on ELSS.

Sell your ELSS that you bought 3 years back and every year when you feel time is right invest 1.5 lakh from entire elss extracted amount to elss...every 3 years , repeat same cycle.....and all remaining money put elsewhere where you feel you'll get more return.

This way you will make atleast 10% more with your existing money.

I am doing same...every year i withdraw entire elsss that i had bought 3 years back and it helps me secure extra return.

Those not understanding, please read about tax harvesting and if you don't understand still, i dontmean to offend, neither looking for your expert take on my advice.

Take it or leave it

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