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Ramalingam Kalirajan |7968 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 02, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Asked by Anonymous - Feb 19, 2024Hindi

Money

Hi, I am 38 years old and investing 10k per month in SIP's for the past 2 years. The funds include 1. Aditya Birla Sun Life Digital India Fund-1.5K 2. Bandhan Tax Advantage Fund-1K 3. Canara Robecco ELSS Tax Saver-1K 4. DSP ELSS Tax Saver-1K 5. ICICI Prudential Technology Fund-2K 6. Mirae Asset ELSS Tax Saver Fund-2K 7. Nippon India Small Cap Fund-1.5K I want to increase monthly SIP to 15k from April onwards. Let me know if the current portfolio is fine. Should I increase my contribution in the existing funds, or should I look out for newer ones

Ans: Increasing your SIP to 15k per month is a positive step towards boosting your investment portfolio. However, before making any changes, it's crucial to evaluate the performance of your current funds and assess whether they continue to align with your investment goals and risk tolerance.

Consider reviewing the performance of each fund, analyzing their holdings, and ensuring that your portfolio remains well-diversified across different sectors and market segments. Based on your analysis, you may choose to increase your contributions to some existing funds or explore adding new funds to further diversify your portfolio.

Consulting with a financial advisor can provide valuable insights and help you make informed decisions about adjusting your investment strategy to optimize returns and achieve your financial objectives effectively.

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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I am 43 years old. Currently I have a Mutual Fund Corpus of Rs 39 Lakh. My SIP Monthly Investments are as follows: 1) HDFC Midcap Opportunities Fund Direct Growth- Rs 10,000/- 2) HDFC Small Cap Direct Growth - Rs 5,000/- 3) L&T Emerging Business Fund Direct Growth - Rs 5,000/- 3) L&T MidCap Direct Growth - Rs 5,000/- 4) Mirae Asset Emerging Bluechip Fund Direct Growth - Rs 15,000/- 5) Mirae Asset SnP 500 ETF Fund of Fund - Rs 20,000/- 6) Tata Hybrid Equity Fund Growth - Rs 5,000/- Total Monthly SIP is Rs 70,000/- but of late the Mirae Asset SnP 500 SIP is on hold by them. My target is a corpus of Rs 10 crore on my retirement which would be at 60 years. Kindly advice if I need to increase my SIP or change any plans.

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Hello sir need assistance for the following SIPs i am investing right now. What more should i add as i need to increase my portfolio 1- aditya birla sunlife flexicap fund growth regular. 2- edelweiss balanced advantage fund growth regular. 3- hdfc hybrid equity fund growth. 4- icici prudential bluechip fund growth. Or should i increase my investment in the mentioned above portfolios.

Ans: Dont buy too many mutual funds. just add to the existing ones. i like icici pru bluechip fund. it is top fund. you can add more to it. also hdfc hybrid fund is also good.

thanks

please note : Investing strategies depends on your risk appetitive, so Please consult your financial advisor and then take further decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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