Readers' Corner: Financial Planning

A Q&A on financial planning

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Kartik Jhaveri

Last Updated : Dec 28 2017 | 12:03 AM IST

I have nine funds in my portfolio. Four balanced funds, two equity-oriented child plans, one short-term debt fund, one small-cap and one large-cap scheme. The child funds are for my two daughters. A year back, I invested lump sum of Rs 10 lakh for each one of them. Can you suggest if I should tinker with the portfolio? I am 35 and don't need any of this money for the next 10 years.

On the face of it all looks okay. Many questions for you to consider; why have four balanced funds? Why have a debt fund unless you have some

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