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Ulhas Joshi |279 Answers |Ask -Follow

Mutual Fund Expert - Answered on Jun 20, 2023

With over 16 years of experience in the mutual fund industry, Ulhas Joshi has helped numerous clients choose the right funds and create wealth.
Prior to joining RankMF as CEO, he was vice president (sales) at IDBI Asset Management Ltd.
Joshi holds an MBA in marketing from Barkatullah University, Bhopal.... more

Asked by Anonymous - Jun 14, 2023Hindi

Money

Dear Sir My son about 48 years workin east africa for last 5 years. Staus NRE. He had invested in MF randumly in following schemes: 1. ICICI BALANCED FUND RS 3.17 lac Return 13.6% 2.ICICI PRU TAX SAV -Rs 0.38 lac Return 11.6% 3.Axis Blue Chip -Rs 2.55 lac Return 11.6% 4. PGIM MID CAP Rs 2.1 lac Return 10.5 % Kindly advice for changing or continuing above funds. He needs around 75 lacs in next 6-8 years. Kindly advice suitably. Risk factor moderate.

Ans: Hello and thanks for writing to me.

Please mention how much he can invest every month or if he can make a large lumpsum investment right now.

The present value of Rs.75 Lakh is around Rs.30.3 Lakh, assuming his portfolio grows at 12% CAGR and so he would need to top up his investment or begin SIP's in different funds.

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 want to make an investment (SIP) for my son age 25 years in the following MFs @ Rs 1000/- pm in each fund. Request your advice 1. HDFC Top 100 fund 2. HDFC Hybrid equity fund 3. Mirae asset tax saver fund 4. Axis long term equity fund 5. Axis blue chip fund – direct 6. SBI magnum multi cap - direct growth 7. SBI equity hybrid fund -Reg plan growth Also, I am a retired person. I have invested my retirement corpus in the following funds as lump sum investments: 1. Debt MF Axis Banking and PSU debt (G) Franklin - India liquid fund super Ins (G) ICICI Pru - savings fund (G) Kotak low duration fund std (G) Mirae asset savings fund Reg (G) 2. Equity MF Axis - mid cap (G) ICICI Pru - blue chip fund Reg (G) Mirae asset emerging blue chip fund Reg (G) Please confirm whether I should continue in the above funds or switch over to some other funds. Name of the Fund Category RankMF Star Rating Birendar Yadav 1. HDFC Top 100 fund Equity - Large Cap Fund: 3 2. HDFC Hybrid equity fund Hybrid - Aggressive Hybrid Fund 5 3. Mirae asset tax saver fund Equity - ELSS 4 4. Axis long term equity fund Equity - ELSS 5 5. Axis blue chip fund – direct Equity - Large Cap Fund: 5 6. SBI magnum multi cap - direct growth Equity - Multi Cap Fund: 4 7. SBI equity hybrid fund -Reg plan growth Hybrid - Aggressive Hybrid Fund 5 1. Debt MF Axis Banking and PSU debt (G) Debt - Banking and PSU Fund 3 Franklin - India liquid fund super Ins (G) Debt - Liquid Fund 5 ICICI Pru - savings fund (G) Debt - Low Duration Fund 4 Kotak low duration fund std (G) Debt - Low Duration Fund 5 Mirae asset savings fund Reg (G) Debt - Low Duration Fund 3 2. Equity MF Axis - mid cap (G) Equity - Mid Cap Fund: 4 ICICI Pru - blue chip fund Reg (G) Equity - Large Cap Fund: 2 Mirae asset emerging blue chip fund Reg (G) Equity - Large & Mid Cap Fund 4

Ans: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Multi Cap Fund:

UTI Equity Fund – Growth
Axis Multicap Fund – Growth

Equity - Large Cap Fund:

UTI Mastershare Unit Scheme - Growth Plan
LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

MOSL Midcap 30 Fund – Growth
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Equity - Small Cap Fund:

Kotak Small Cap Fund – Growth
Axis Small cap Fund - Growth

Debt - Banking and PSU Fund

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ITI & MAHINDRA MANULIFE should be redeemed and reinvested in better schemes of different AMCs.

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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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