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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jun 15, 2022

Mutual Fund Expert... more

Question by Aditya on Jun 15, 2022Hindi

Money

I am 43, and currently working. I need funds for my child's education and my retired life. I am currently running following MFs and wish to know whether I should continue. And please kindly suggest some good SIP to invest 15-20K per month.

1. Axis Bluechip Fund: 10000 per month
2. Aditya Birla Sun Life Digital India fund - Plan - Growth: 15000 per month

Ans: Both are good funds, please continue, further you may consider 2 /3 schemes from:

UTI flexi cap fund – Growth.
Parag Parikh Flexi cap - Growth
Samco Flexi Cap – Growth
Axis Esg Equity Fund Growth
Hdfc Index Fund - Sensex Plan - Growth

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 Jan 06, 2021

Question by Bappa - Jan 06, 2021Hindi

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I am 47 years old. I have 8 MF ongoing SIPs, which started 3-5 years before, kindly review and advise details as below. further in addition to this if i want to invest lump-sum amount may be 2 Lakhs, which better option you suggest. SBI Focused Equity Fund Reg Growth: Rs 1000.00 SBI Blue Chip Fund Reg Plan-G: Rs 1000.00 SBI BFS Fund- Reg Plan Growth: Rs 1000 Aditya Birla SL Frontline Equity Fund(G): Rs 2000.00 Franklin India Prima Fund(G): Rs 2000.00 Aditya Birla SL Dynamic Bond Fund-Reg(G): Rs 1000.00 Franklin India Bluechip Fund(G): Rs 2000.00 HDFC Hybrid Equity Fund(G): Rs 2000.00

Ans: Axis Bluechip Fund – Growth is better Large cap option; sectoral fund can be avoided due to concentration risk; Canara Robeco Equity Hybrid Fund - Growth is better Aggressive Hybrid and Axis Mid Cap fund – Growth is better Mid cap Fund

Rest are fine.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Nov 26, 2021

Question by George - Nov 26, 2021Hindi

Money

Have read your questions and answers section and I like the same. Till now, have not invested in MF except Rs 1 lakh in Edelweiss share market. Am planning to move my FD to MF. Kindly request you to suggest some funds where I can start a SIP and invest upto Rs 2 lakhs in lumpsum. Age: 48 years Total amount to invest per month: Rs 25,000. Planning for invest upto: 58 years (10 years). Request you to suggest the best option of mutual fund for SIP of Rs 25,000 per month and one time lump sum of Rs 2,00,000.

Ans: You can consider Axis ESG Equity Fund (Growth), DSP Focus Fund (Growth), ICICI Prudential US Bluechip Equity Fund (Growth), Parag Parikh Flexi Cap Fund (Growth), SBI Magnum Globad Fund (Growth) and DSP Quant Fund (Growth).

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Oct 13, 2022

Question by ARPIT - Oct 13, 2022Hindi

Money

I am 30 years of age. Currently, I am looking for funds to invest through sip can invest 20k per month or should I increase. Please suggest some good MF expecting 1 cr corpus in next 10 years.

Ans: With investment of Rs 20K for 10 years a corpus of Rs 50 lakh can be created, therefore for Rs 1 cr corpus Rs 40K investment is required.

Axis ESG Equity Fund Regular Growth
Uti Flexi Cap Fund-regular Plan-growth
Hdfc Index Fund - Sensex Plan - Regular Plan - Growth
Samco Flexi Cap Fund - Regular Plan - Growth

Tejas Chokshi | Answer |Ask -Follow

Tax Expert - Answered on Jun 14, 2023

Question by UKP - Jun 12, 2023Hindi

Money

Hi Sir, My take home salary is 90K with no debts and NO EMI's, I am new to MF-SIP, my age is 41 now. I can invest upto 10,000 to 20000 per month, considering a investment period of 12 to 15 years, kindly suggest MFs which can give a returns of around 20 to 25 % , kindly suggest further.

Ans: there is a nice option in case if you are a director in any company, where in whatever you will invest on per annum basis, same amount would be received back by you from 12 th year onwards till next 30 years.
Eg. If you invest 1 lac for say 10 years, so from 11th year end, you will start receiving 1 lac for next 30 years and at the end of 30 years, you will receive back your investment. You can add nominee in this process too.
Risk cover is 10 times of your yly investment.

the above option may best suit you looking at your profile.

If you are salaried person, and if you can spare 20 k, HDFC Micro Fund may be the nice option from available option in my opinion. As a thumb rule, please pull out your investment every 5 years and change the form, from MF to property or gold and keep continue to invest in MF as well.

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I have a 7-year-old boy who thinks he’s a superhero (and honestly, he’s got the energy for it). The thing is, he’s constantly on the move—running, jumping, climbing—you name it. While I love his enthusiasm, his teachers have mentioned that he’s having trouble sitting still and focusing in class. I don’t want to stifle his energy, but I also don’t want him to struggle academically. Any practical advice would be great!

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Insurance, Stocks, MF, PF Expert - Answered on Dec 19, 2024

Asked by Anonymous - Dec 19, 2024Hindi

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I have taken a group health insurance policy from a bank where I have a saving account five years ago without any medical checkup. I have not availed any claim and there was no preexisting disease. I am taking 5 mg of prednisolone daily for last five years for a skin disease. Will this affect my future claim if arises any? I am worried about this .

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Insurance is an understanding that works on mutual trust.

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Question by Rohan - Dec 19, 2024Hindi

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Dear Sir, i am 48 year old, kindly suggest some good plan to invest, i can invest roughly around 30000 for next 1 years with increase of 10% every year for next 7 years. I am looking for 1 crore to 3 crore saving. Till i reach 55 years, Would like to save for pension also suggest me good pension return plan

Ans: Hello;

An investment of 30 K with 10% top-up each year will be required to be continued for 10 years minimum to reach a corpus of 1 Cr(12% return considered from pure equity mutual funds).

You may invest in a combination of flexicap mutual fund and a Large and Midcap type mutual fund in proportion of 50:50.

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Sir, I am ok with a 10 Year time frame, Can u suggest choice of Felxicap / large and mid cap MF,

Ans: Hello;
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Ans: HI Sakshi.
If you are financially sound, then you should prefer IICT Gandhinagar, which provides better career prospects and practical skills relevant to the field of Data Science than VIT Vellore. However, this does not mean that VIT is not a better choice. If VIT is nearer to your home town and easily accessible, then you may opt for it. But if distance, money are not issues., then preferably go with IICT Gandhinagar.

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Sir My Son was discharged on 19 nov. We had medical exp of 35 lacs on his treatment. We also had insurance policy of 15 lacs. 5 lacs sa. 5 lacs NCB & 5 LACS REFILL BENEFIT. we got 9 lacs cashless plus 2.5 lacs member discount from insurance co. As mentioned in cashless claim approval letter. I paid all the rest of amnt & got my son discharged. Now hospital was not ready to provide us this benefit of discount so they got another cashless approval letter post one month of discharge where insurance co nullified this 2.5 lacs member discount. Also date of discharge in this new cashless claim letter had been changed to 15 dec. My query is can insurance co issue cashless claim letter & that to one month after discharge of patient. Whom to go for resource??

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Please approach following, in the given order, for redressal of your concern:
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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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