Sir I am 44 years old and I am in Government Service, I want to make some corpus fund for my family. Kindly please suggest me best mutual funds or something else for SIP.

Ans: Goals

Goal 1: Retirement Rs1.5 cr in 18 years

Goal 2: Education and Marriage Rs 2 cr in 16 years

Goal 3: Retirement Rs 2 cr in 25 years.

Monthly Investment required

Goal 1: Rs 15000

Goal 2: Rs 27,500

Goal 3: Rs 7500

Total monthly investment of Rs 50000

Schemes that can be chosen can be as under ( 2 schemes to each goal)

HDFC Index Fund – Sensex Plan – Growth

UTI Flexi cap Fund – Growth

Axis ESG Equity fund – Growth

Samco Flexi cap fund – Growth

Motilal Oswal Mid cap Fund - Growth

Nippon India Small Cap Fund - Growth

Ans: Hi Yogesh. I understand that you have multiple goals. In order to achieve your retirement goal of 1.5 crore in 18 years, you can start sip 15k per month. With the goal of your child's education and marriage being reached in 15 years with 14% CAGR you can begin the sip of 32K per month.

In addition, you can include large, mid, and flexi caps as part of your portfolio creation.

Ans: Hello investor! Its great you have a solid intent to build your retirement corpus and money for child education, to help you effectively. I would be needing further quantitative details like the age of retirement and investment horizon for children's education. for longer horizon goals mid-cap funds are always been preferred in the portfolio

Ans: Do SIP of approx 60k to 65k in good mutual fund houses in Midcap, Small cap, multi cap & Large & Midcap fund, if you have knowledge of stocks do invest otherwise avoid direct investment in stocks

Ans: the best fund for you depends on several factors, including:

Investment Horizon: How long do you plan to invest until you need the Rs. 1 crore? A longer timeframe allows for more aggressive investments with higher growth potential but also higher risk.
Risk Tolerance: How comfortable are you with potential losses? Lower risk tolerance suggests a more conservative portfolio with a larger debt allocation.
Financial Goals: Is this Rs. 1 crore for retirement, a child's education, or another goal? Your goals will influence your investment strategy.
Here's what I can recommend:

Consult a Certified Financial Planner (CFP): A CFP can consider your unique circumstances and create a personalized investment plan to achieve your Rs. 1 crore goal.

Consider a Diversified Portfolio: Don't put all your eggs in one basket. A diversified portfolio with a mix of asset classes (equity, debt, etc.) can help manage risk. Actively managed funds involve experienced fund managers who try to pick stocks to outperform the market. Actively managed funds come with higher fees compared to passively managed funds.

Start an SIP in Equity Funds: If you have a long investment horizon and a moderate risk tolerance, consider a Systematic Investment Plan (SIP) in diversified equity mutual funds. SIPs help you invest regularly and benefit from rupee-cost averaging.

Here's an example (not a recommendation):

Invest in a Multi-Cap Fund (SIP): A Multi-Cap Fund invests across market capitalizations (large, mid, small).

Invest in a Flexi-Cap Fund (SIP): A Flexi-Cap Fund allows the fund manager more flexibility in choosing companies across market capitalizations.

Invest in a Debt Fund (SIP): A Debt Fund provides stability and regular income.

Remember:

There's no guaranteed path to Rs. 1 crore. Investment markets are volatile, and returns cannot be guaranteed.

Review Regularly: Review your portfolio (at least annually) with your CFP to ensure it remains on track.

By consulting a CFP and building a diversified portfolio, you can increase your chances of achieving your Rs. 1 crore goal!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in