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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jan 14, 2022

Mutual Fund Expert... more
Jasmine Question by Jasmine on Jan 14, 2022Hindi
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I am 40 year old software developer.

I currently have the below monthly SIPs

  
Mutual Funds Plan Amount
1. Aditya birla sun life tax relief 96   5000
2. DSP tax saver fund Direct plan Growth 5000
3. Icici Prudential equity and debt fund Growth 3000
4 icici Prudential technology fund   1000
5. Axis blue chip fund Growth 5000

I am looking for wealth creation, and plan to remain invested for 15 to 20 years.

Are they good to continue?

Please suggest alternatives.

I have plans to increase the amount by 2000- 5000 each year.

Also, I have a lump sum of 5 lakh which I want to invest for the next 5 years.

What is an option with good returns?

Ans: These are good funds, please continue and annual step up / top ups is good strategy.

Lump sum investment can be made in below funds

Mutual Funds Plan
Dsp Focus Fund Growth
Axis Esg Equity Fund Growth
Motilal Oswal S&p 500 Index Fund Growth
Uti Flexi Cap Fund Growth

Other than liquid funds is there any option for a rainy day fund of 2 to 3 lakh, to be instantly accessible?

Omkeshwar Singh Most Debt funds are settled in T+1 days i.e. the money will be in bank account next day (working), hoverer only few AMCs provide insta-redemption facility, wherein up to Rs. 50000 can be redeemed for insta-credit to your bank account.

 

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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All 5 and 4 star rated funds can be continued, rest can be replaced by the funds below in their respective categories.

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

Large and Midcap Suitable option considering quality and value for money at present levels is Kotak Equity opportunity.

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Dear sir, I have following sip Hdfc defence 5000 Hdfc multicap 10000 Hdfc small cap 10000nippon small cap 15000 Sbi large and mid cap 5000 Hdfc balanced advantage fund lump sum 25000 Hdfc focused 30 fund lump sum 25000 Hdfc manufacturing fund lump sum 50000 Sbi conta fund lumpsum 1200000 Sbi psu fund lump sum 500000 Sbi energy opportunity fund lump sum 200000 Please advice
Ans: It's clear you've taken a proactive approach to investing, and you've built a diverse portfolio across various mutual funds. Let's assess your current holdings and provide some guidance.

Your SIPs in HDFC Defence, HDFC Multicap, HDFC Small Cap, Nippon Small Cap, and SBI Large and Mid Cap demonstrate a blend of large, mid, and small-cap exposure, which is commendable for diversification.

However, having multiple funds within the same fund house, such as HDFC, may lead to overlapping holdings and concentration risk. Consider diversifying across different fund houses to spread risk more effectively.

Your lump sum investments in HDFC Balanced Advantage, HDFC Focused 30, HDFC Manufacturing, SBI Contra, SBI PSU, and SBI Energy Opportunity Funds provide additional diversification across different investment themes and strategies.

While lump sum investments can be beneficial, especially during market downturns, it's essential to review your investment rationale for each fund and ensure they align with your long-term financial goals and risk tolerance.

Given the size of your lump sum investments, consider consulting with a Certified Financial Planner to assess if your portfolio is appropriately diversified and if any adjustments are needed to optimize returns while managing risk.

Additionally, periodically review your portfolio's performance and make necessary adjustments to stay aligned with your financial objectives and market conditions.

In conclusion, while your current investments showcase a diverse portfolio, consider diversifying across fund houses and regularly reviewing your holdings to ensure they remain aligned with your long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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