Portfolio Review: Starting a ₹1.76L/Month SIP + ₹7L Lump Sum. Thoughts on this structure?
Hey everyone,
I'm just starting my investment journey at 31, and would really appreciate a review of my current portfolio.
I'm not married and I own a house, so I don't need to worry about rent and stuff. Coming from a middle class family, I also don't spend a lot on other random stuff unless necessary. I'm wondering if I can aggresively build wealth with this portfolio. I'm looking at a 30 year horizon with a moderate to high risk tolerance.
Debt: ₹0
Emergency Fund: ₹7L (Savings Account)
Salary: ₹2.15L/month
Expenses: ~₹15k/month
Savings: ~₹25k/month
Investments: ~₹1.76L/month
Investment Breakdown:
UTI Nifty 50 Index Fund: ₹40k/month
HDFC Flexi Cap Fund: ₹25k/month
Parag Parikh Flexi Cap: ₹25k/month + ₹2L Lumpsum
Motilal Oswal Midcap Fund: ₹25k/month + ₹1L Lumpsum
Nippon India Small Cap Fund: 25k/month
UTI Nifty Next 50 Index Fund: ₹15k/month
Axis Liquid Fund: ₹10k/month
Edelweiss US Technology Equity FoF: ₹5k/month
Edelweiss US Value Equity Offshore: ₹5k/month
Nippon India Gold Savings Fund: ₹1k/week
Nippon India Nifty 50 Value 20 Index Fund: ₹3L Lumpsum
S&P500 (US): ₹1L Lumpsum
Now, is holding both HDFC and Parag Parikh Flexi Cap redundant? Should I consolidate it into just one of the two? Also, I'm doing a 1k/week SIP for the gold investment since it seems to be at an all time high now.
I'd appreciate any constructive criticism, portfolio optimization ideas, or red flags you guys can spot. Thanks in advance!