I am an NRI and have been investing in mutual funds for the last 4 years. I am 58 years old and will be returning back to India in 2 years time. I require about 40 to 50K as monthly expenses from my investments once I am back in India. I request our fellow boarders Ranjan, Wadia, Ashal and Kentmss to review my portfolio and suggest if any changes are required.
My present investments are as follows.
Safe Investments:
1) Bank FDs and other fixed income investments. 30 lac
Mutual Funds:
1) Birla Sunlife Equity. 5.5 Lac (On going SIP)
2) HDFC Equity. 4.7 Lac (On going SIP)
3) HDFC Prudence 4.5 Lac
4) Reliance Growth 4.5 Lac
5) Templeton India Equity Income 7 Lac
6) UTI Infrastructure 1.5 Lac (On going SIP)
7) UTI MIS Advantage 15 Lac
8) ICICI Pru Index 6 Lac
Hoping to hear from you all,
Thanks.