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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Apr 22, 2022

Mutual Fund Expert... more

Question by Aashish on Apr 22, 2022Hindi

Money

I am 39 and am invested in these funds MFs for wealth creation and plan to hold > 10 yrs. I want to reduce the fund count to a maximum of 8 funds. Kindly recommend Hold/Exit/SIP for each fund held. Also, I am thinking of reshuffling my MF portfolio as per column 'my plan' mentioned. Kindly provide feedback.

MF Name My Plan

ABSL Tax Relief'96 Fund Growth Exit

HDFC Hybrid Equity Fund - Growth

TRSF-Moderate - Growth Exit

Motilal Oswal Long term Equity Fund - Growth

Invesco India Contra Fund - Growth Exit

Mirae Asset tax saver fund - Growth SIP- 5k

Mirae Asset emerging bluechip fund - Growth SIP-2.5k

Parag Parikh Flexi Cap Fund - Growth SIP-27.5k

Absl Digital India Fund – Growth SIP-2.5k

Axis Smallcap Fund – Growth SIP-2.5k

Axis Mid cap Fund – Growth SIP-2.5k

IIFL Focussed Equity Fund - Growth

Kotak Small cap Fund - Growth SIP-2.5k

Quant Tax Plan - Growth Exit

PGIM India Midcap Opportunities Fund - Growth

Quant Infra Plan - Growth SIP-2.5k

Ans: Plan seems, kindly execute

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 Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Feb 15, 2022

Question by David - Feb 15, 2022Hindi

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I am 52 years old and I am investing in below MFs. Please suggest if need to changes 1) SBI Focus fund - 10,000 2) SBI Technology fund - 10,000 3) SBI Banking and finance fund - 10,000 4) SBI Flexi cap - 10,000 5) SBI health care - 10,000 6) AXIS Blue chip fund direct - 10,000 7) AXIS Flexi cap - 10,000 8) AXIS Small Cap - 10,000 9) AXIS Mid Cap - 10,000 10) AXIS Global Fund of Fund - 10,000 11) AXIS ESG Equity - 10,000 12) AXIS Special Situation Fund - 10,000 13) HDFC Small cap - 10,000 14) ICICI Banking and Finance - 10,000 15) Nippon Banking and Finance - 5,000 16) Nippon Health Care - 15,000 17) L&T Emerging Business Fund - 10,000 Below SIP I want to stop 1) AXIS Long tern Equity Fund ELSS - 13,000 2) Birla Sun Life Tax saving 96fund ELSS - 10,000

Ans: Please continue; however there are to many funds….

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Sep 19, 2022

Question by Vineet - Sep 19, 2022Hindi

Money

I started investing in mutual fund back in 2006 with very small SIP amounts and I am 41 now. Currently, I have a MF corpus of approx 30 lakh, with SIP investments in following schemes, though i myself feel i have invested in multiple fund houses or similar portfolios and need your help or guidance with consolidation and then keep a target of 2.5 to 3 crore in next 15 years through Mutual fund only. Currently I am investing 32500 per month through SIPs only. Sr No Fund Name Start Date Amount 1 HDFC Top 100 Fund Growth 20-Sep-06 1000 2 HDFC Top 100 Fund Growth 05-Dec-13 1000 3 SBI BlueChip Fund Regular Growth 25-Apr-16 1000 4 ICICI Prudential Value Discovery Fund Growth 22-Jul-16 1000 5 Kotak Flexicap Fund Growth 23-Aug-17 1000 6 IDBI India Top 100 Equity Regular Fund Growth 05-Jan-18 1000 7 L&T Hybrid Equity Fund Growth 06-Dec-18 1000 8 L&T Hybrid Equity Fund Growth 07-Jan-19 1000 9 Indiabulls Equity Hybrid Fund Regular Growth 12-Mar-19 1000 10 HDFC Mid-Cap Opportunities Regular Fund Growth 01-Jul-19 1500 11 SBI Magnum MidCap Regular Fund Growth 01-Jul-19 1000 12 ICICI Prudential Bluechip Direct Fund Growth 01-Jul-19 1000 13 HDFC Top 100 Fund Growth 27-Oct-19 1000 14 HDFC Hybrid Equity Fund Growth 27-Oct-19 1000 15 Axis Midcap Fund Direct Plan Growth 16-Dec-20 1000 16 Canara Robeco Equity Hybrid Fund Direct Plan Growth 17-Dec-20 1000 17 SBI Magnum Global Fund Direct Growth 17-Apr-21 1000 18 HDFC Flexi Cap Fund Direct Plan-Growth 17-Apr-21 1000 19 Motilal Oswal Focused 25 Direct Growth 17-Apr-21 1000 20 HDFC Flexi Cap Fund -Direct Plan - Growth Option 17-Apr-21 1000 21 SBI Flexicap Fund Direct Growth 17-Apr-21 1000 22 Motilal Oswal Flexi Cap Fund Direct Plan Growth 24-Jun-21 1000 23 Tata Quant Fund Direct Fund 30-Jun-21 500 24 Aditya Birla Sun Life India Gennext Fund Direct Plan Growth 01-Jul-21 1000 25 ICICI Prudential FlexiCap Fund Direct Growth 05-Jul-21 500 26 Mirae Asset Large Cap Fund Direct Plan Growth 01-Sep-21 1000 27 IDFC Corporate Bond Fund Direct Plan Growth 22-Sep-21 1000 28 ICICI Prudential NASDAQ 100 Index Fund Direct 27-Oct-21 1000 29 HDFC Corporate Bond Fund -Direct Plan - Growth Option 09-Dec-21 1000 30 Aditya Birla Sun Life Corporate Bond Fund Direct Plan Growth 09-Dec-21 1000 31 TATA Digital India Fund Direct Growth 25-Dec-21 1000 32 Parag Parikh Flexi Cap Direct Growth 25-Dec-21 1000 33 Kotak Gilt-Investment Fund Provident Fund and Trust-Growth Direct 28-Dec-21 1000

Ans: The funds that can be continued are 15, 16, 26, 27, 28, 29, 30, 32 and 33; 27, 29, 30, and 33 being debt funds and 15, 16, 28 and 32 being equity funds.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Oct 17, 2022

Question by Vivek - Oct 17, 2022Hindi

Money

I am 43 years old and ventured into MF and equity space a little later in life. Have been investing diligently for the last 6+ years. Please find below my existing portfolio for MFs. I feel I should reduce the number of funds or at least consolidate some of them as there is an overlap between the bluechip ones. Would like your thoughts/advice on the same. Response is much appreciated. Thank you. SIPs in progress Axis Bluechip Fund - Direct Plan (G) - 5000 ICICI Prudential Bluechip Fund (G) - 5000 ICICI Prudential US Bluechip Equity Fund - Direct Plan (G) - 5000 Mirae Asset Emerging Bluechip Fund - Direct Plan (G) - 6000 Navi Nifty 50 Index Fund - Direct Plan (G) - 5000 Navi Nifty Next 50 Index Fund - Direct Plan (G) - 5000 Parag Parikh Flexi Cap Fund - Direct Plan (G) - 5000 SBI Blue Chip Fund (G) - 5000 Axis Mid Cap Fund - Direct Plan (G) - 5000 DSP Mid Cap Fund - Direct Plan (G) - 5000 L&T Midcap Fund (G) - 5000 SBI Small Cap Fund - Regular Plan - (G) - 5000 SIP Discontinued HDFC Mid-Cap Opportunities Fund (G) HDFC Childrens Gift Fund - Investment Plan HDFC Top 100 Fund (G)

Ans: In bluechips, please continue with ICICI Pru Bluechip fund growth

Most of the funds are decent!

Milind Vadjikar |599 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 20, 2024

Asked by Anonymous - Sep 20, 2024Hindi

Money

Hi, I'm 37 and I just started to invest in MFs regularly. My investments are listed below. Except a couple of them, all of them are either 1 month to a few days old. As mentioned below, started SIP of 40000 between Motilal Oswal Nifty Midcap 150 and Nippon india small cap. I would like to invest 40000 more in SIPs making my total investment as 1CR over the next 10 years, in the hopes of creating a portfolio of 2 CR with a 12% return on year. I understand that there are 11 MFs here but appreciate your suggestions on trimming this down while meeting the above mentioned financial goal. Thanks. 1. Motilal Oswal Nifty 500 Momentum 50 Index Dir-G: One Time: Investment: 50000: Current Value 50000: 2. Nippon India Nifty 500 Momentum 50 Index Dir-G: One Time: Investment: 50000: Current Value: 50000: 3. Mirae Asset ELSS Tax Saver Dir-G: One Time: Investment: 50000: Current Value:70277: 4. Mirae Asset ELSS Tax Saver Reg-G: One Time: Investment: 24998: Current Value:38598: 5. Parag Parikh Flexi Cap Dir-G: One Time: Investment: 50000: Current Value: 52727: 6. Axis ELSS Tax Saver Dir-G: One Time: Investment:30000: Current Value: 63863: 7. Nippon India Large Cap Dir-G: One Time: Investment: 49999.99: Current Value: 52358: 8. Motilal Oswal Midcap Dir-G: One Time: Investment: 50000: Current Value: 54061: 9. Quant Small Cap Dir-G: One Time: Investment: 100000: Current Value: 103437: 10. Motilal Oswal Nifty Midcap 150 Dir-G: SIP: Investment:19999.98 Current Value: 20319: 11. Nippon India Small Cap Dir-G: SIP: Investment: 20000: Current Value 20040:

Ans: 1. Nifty 500 Momentum 50 Index is a recently introduced index and hence also your funds based on this index. The back tested results look attractive however I recommend you to monitor them closely for 2-3 years and if you feel not sure about their progress you may exit and redeploy proceeds into PPFAS flexicap fund and Nippon large cap fund.

2. The additional 40 K sip proposed maybe split between either ELSS(for tax saving too) or PPFAS flexicap and Nippon India large cap fund.

3. You may merge your ELSS investments into one fund, my advice would be Mirae Asset ELSS.

4. This will help rationalize number of funds in your portfolio from 10(+2) to 7.

5. Discipline, focus and periodic review in MF investment are a must!

6. As you reach closer to your target transfer the gains from equity funds to liquid/debt funds to protect it from volatility.

I am quite hopeful that you may very well achieve the intended target with the right approach.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

You may follow us on X at @mars_invest for updates.

Happy Investing!!

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Insurance, Stocks, MF, PF Expert - Answered on Nov 09, 2024

Asked by Anonymous - Nov 09, 2024Hindi

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Hello All . Looking for some advice I am 36 yr old and working class with Sal of 32 lakhs per annum Current savings are 33 lakhs in PPF / PF and Gratuity 3 lakhs in Shares and Mutual Fund 10 lakhs in Physical Gold 20 lakhs in Cash Liabilities Home loan outstanding 30 lakhs I wish to retire with corpus of 5cr and at age of 50 What do you think should change in my current portfolio

Ans: Hello;

You may begin a monthly sip of 80 K into a combination of pure equity mutual funds and continue for 14 years.

At 50, your sip may yield you a corpus of around 3.5 Cr.

The PF corpus will grow over 14 years into a sum of around 1 Cr. No additional contributions are assumed, which may be deemed as surplus.

The gold holding if liquidated and invested in equity mutual funds as lumpsum will yield a corpus of around 0.5 Cr after 14 years.

If you do not wish to liquidate gold holdings then the monthly sip may be hiked to 90 K.

The gold holding will grow in value to around 0.25 Cr over 14 years and 90 K sip will yield corpus of 3.75 Cr+.

Considering both scenarios you achieve your target of 5 Cr in 14 years:

80 K sip-3.5 Cr in 14 years
Pf value-1.0 Cr in 14 years
Gold holdings converted to equity MF holdings: 0.5 Cr in 14 years
Grand Total -5.00 Cr

90 K sip- 3.75 Cr+ in 14 years
Pf Value- 1.00 Cr in 14 years
Gold Value- 0.25 Cr in 14 years
Grand Total -5.00 Cr+

Pure equity MF returns assumed at 12%, PF at 8% and Gold return at 7%.

Happy Investing;

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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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