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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Aug 11, 2021

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Abdul Question by Abdul on Aug 11, 2021Hindi
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I am 30 years old. Want to accumulate a wealth of Rupees 4 Crores by 2040. Please give your valuable input on the below mutual funds that I would like to invest in.

Mirae Asset Emerging Bluechip Fund Direct Growth 2500

Canara Robeco Emerging Equities Fund Direct Growth 2500

Axis Long Term Equity Direct Plan Growth 1500

Invesco India Tax Plan Direct Growth 1500

SBI Focused Equity Fund Direct Plan Growth 2500

Parikh Flexi Cap Fund Direct Growth 5000

Canara Robeco Emerging Equities - Direct Plan – Growth

Axis Bluechip Fund Direct Plan Growth 5000

Mirae Asset Large Cap Fund Direct Growth 5000

DSP Mid Cap Direct Plan Growth 2500

Kotak Emerging Equity Fund Direct Growth 2500

Total 30500

Ans: Rs. 35000 per month is required to create a corpus of Rs. 4 crs in 20 years.

The funds are fine, however too many funds are there so consolidate them in one in same category i.e. ELSS, Large and Mid cap and mid cap ones.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Nov 20, 2019

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Sir, I am 53-year-old and currently investing in the following mutual funds, the amount mentioned against it. Please advise if this investment is right or if I have any better option. 1. SBI Blue Chip Fund Direct Growth: Rs 5000 2. Mirae Asset Large Cap Fund: Rs 3000 3. HDFC Equity Fund Direct Growth: Rs 3000 4. HDFC Small Cap Fund Direct Growth: Rs 3000 5. Kotak Emerging Equity Scheme Growth: Rs 2000 6. ABSL Front Line Equity Fund Growth: Rs 4000 7. Franklin India Blue Chip Fund Direct Growth: Rs 3000 8. Franklin India Equity Fund Direct Growth: Rs 3000
Ans:
Name of the Fund Category RankMF Star Rating
SBI Blue Chip Fund Direct Growth Equity - Large Cap Fund 4
MiraeAsset Large Cap Fund Equity - Large Cap Fund 4
HDFC Equity Fund Direct Growth Equity - Multi Cap Fund 4
HDFC Small Cap Fund Direct Growth Equity - Small cap Fund 2
KotakEmerging Equity Scheme Growth Equity - Midcap Fund 4
ABSL Front Line Equity Fund Growth Equity - Large Cap Fund 4
Franklin India BlueChip Fund Direct Growth Equity - Large Cap Fund 3
Franklin India Equity Fund Direct Growth Equity - Multi Cap Fund 3

4-star rated ones can be continued, remaining 3 may be changed;

Large cap Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund

Small Cap: Suitable options considering quality and value for money at present levels are Kotak Small Cap and Axis Small Cap

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap and Motilal Oswal Multicap 35

..Read more

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