Chaturvedi started investing early but will he be able to meet all his financial goals? Here’s what Portfolio doctor says

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.

Kinshuk Chaturvedi is investing for a large number of goals. Here’s what the doctor advises him.

PORTFOLIO CHECK-UP

Kinshuk Chaturvedi started early and has invested aggressively. So, he can reach his goals easily with small SIP hikes every year.

• He holds a mix of small-, mid- and largecap funds, stocks, Post Office schemes and fixed deposits.
• The portfolio has many overlaps and Chaturvedi does not monitor it regularly.
• Underperforming funds need to be replaced. He also has too many funds and needs only 5-6 funds across different categories.
• He should reduce exposure to small- and mid-cap funds and raise exposure to global funds.
• In the NPS, he should take a balanced exposure to equity and debt funds.

Note from the doctor

• Shift from bank savings to a sweepin account for better returns.
• Take adequate life insurance of at least Rs.2 crore to safeguard your goals.
• Buying health insurance for self and family is a good decision.
• Review and rebalance your portfolio at least once a year.

WRITE TO US FOR HELP

If you want your portfolio examined, write to etwealth@timesofindia.com 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.