The Portfolio Doctor assesses the health of a mutual fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures

Verma should shift out of poor performing MFs, invest more in fixed income to save for money goals The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals

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.

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Pranjal Verma is saving for multiple goals. Here’s what the doctor has advised him.

PORTFOLIO CHECK-UP

Has been investing in equity funds for 7-8 years.
Invests a sizeable amount every month.
Tends to invest in new schemes. As a result, he holds too many funds. Needs to consolidate.
Goals are ambitious but can be reached with disciplined and regular investing.
SIPs will have to be increased by 5% every year.
Portfolio has an equity skew. Too little in fixed income.
Hike contribution to Provident Fund to derisk portfolio.
Reduce investment in ELSS funds. Go for regular funds.

Note from the doctor

Emergency fund of Rs.1 lakh is too low. Increase to Rs.5 lakh.
Buy life insurance cover of at least Rs.2 crore to safeguard goals.
In NPS, have a balanced allocation to equity and debt funds.
Review investments and rebalance at least once in a year.
Reduce risk when goal is near so that you don’t miss the target.

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If you want your portfolio examined, write to [email protected] 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.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

This story originally appeared on: India Times - Author:Faqs of Insurances