What's going wrong 😭 Shall I continue?
Age: 29
Investment Goal: Wealth creation
Risk Appetite: Moderate
Investment Horizon: 15-20 years
Platform: Coin
Monthly SIP: ₹27500
Allocation:
Quant large cap - 32%
HDFC Multi cap - 24%
Bandhan Small Cap - 20%
ICICI prudential flexi cap - 24%
HDFC NIFTY LargeMidcap 250 Index fund - 1L lumpsum
Reasoning:
I chose these funds based on past 3-5 years performance only. There is one lump sum NFO that was suggested by someone that I bought.
IDK what's right or wrong is the market like it my funds are not performing. It has just been a year so shall I wait for a couple more years or so?
Also want to know if I add a new fund or replace existing with a different fund after 3-4 years then I would lose the compounding momentum for this duration? Am I thinking correct? How to handle this? Basically how to restructure a portfolio?
Why is my XIRR -13%, is that legit?