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Keep a check on your investments!

Most times it is observed that, investors sit back and relax once they give a structure to their portfolio, which is not advised.

In these dynamic times, it is recommended that, if you have an investment portfolio, do keep a check on it from time to time to assess its worth and to re-balance if necessary. The whole idea of savings and investments is for you to be able to achieve your short term and long term financial goals without getting into a debt trap of taking a personal loan, home loan etc., to meet your requirements in future. If you are on the right path of investing then, you will manage to build and maintain a good corpus that can even satisfy your post-retirement needs.

If you are a young working person in mid 20s, and plan to buy a property within a five year time frame, it is recommended that you invest about Rs10,000 in diversified and hybrid equity oriented classes. Follow the a systematic investment strategy for 4 years and use the last one year to switch the equity portfolio to debt.

It is important on your behalf to keep an active check of how the schemes are performing and compare it with its peer group and find out if any scheme needs to be replaced due to non – performance or change in objectives.

Try to move out your funds from the Fixed Deposits after assessing the penalty for premature withdrawal and consider the option for a fixed maturity plan(FMP). It is highly possible that opting for a FMP may be more cost effective and may earn a higher post tax yield.

Maintaining asset classes like gold, can also be beneficial, as these commodities have faired well over the last couple of years and investing in them will not be a bad idea.

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