@henry_ Kindly advice and help refine my investment plan - I have the opportunity to invest 2L per month in equity for a year and half. This is unrelated to my salary and budgeted expenses.
Profile: I have worked in IT for decades and I estimate that I have about 10 years of "service" time left. My salary in excess of living expenses is about 1-1.5L per month. This goes to savings and investments. Interest from existing deposits goes back to FD.
I have no debt. I live in my own apartment. Children are already independent. I support my parents, in-laws and spouse (home maker). We have approx 3 Cr as FDs (not including my PF and PPF). I have made periodic investments in stocks and my portfolio is approx 1CR (mostly blue chip stocks, little in Gold ETF, no mutual funds so far).
I have the opportunity to invest 2L per month in equity for a year and half. This is my plan for the investment of 2L per month.
- Rs. 25,000 manual SIP in SBI Large and Midcap fund
- Rs. 25,000 manual SIP in ICICI Prudential Large and Mic cap fund
- The remaining (Rs. 1.5 L) to be use to accrue more of the stock I hold (list below)
Reliance, L&T, IOC, TCS, SBI, HDFC, Tata Steel, Bharat Dynamics, Tata Motors, Infosys, Mishra Dhatu Nigam, Bharat Electronics, HAL, Data Patterns, and Biocon
All the above will be long term investments. I plan to hold them 5-8 years, if not more. My objective is to get at least 15% CAGR on the investment.
Does this sound like a reasonable plan?