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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Apr 25, 2022

Mutual Fund Expert... more

Question by Neeraj on Apr 25, 2022Hindi

Money

I am 50 yrs old. I have invested in these MFs till now. Please suggest on these points:

Should I continue with these?

Or, would you suggest switching any of these funds?

Additionally, where I can invest, any new fund?

ICICI Prudentail Equity and Debt Fund Growth 50000

Axis Bluechip Fund - Regular Plan - Growth 10000

DSP Flexi Cap Fund - Regular Plan - Growth 50000

Nippon India Banking & Financial Services Fund - Growth 50000

SBI Blue Chip Fund - Regular Plan - Growth 50000

Ans: Please continue

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 May 16, 2022

Question by Rajneesh - May 16, 2022Hindi

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Hope you're doing fine. I am 42, currently working and plan to retire by 50. 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, switch or opt for additional MFs. 1. Axis Bluechip Fund: 10000 per month 2. Axis Small Cap: 5000 per month 3. Axis ESG Fund: 2000 per month 4. Axis Nifty 100 Index Fund: 5000 per month 5. Axis Focused 25 Fund: 10000 per month 6. SBI Balanced Advantage Fund: 5000 per month 7. SBI Bluechip Fund: 2500 per month 8. SBI Contra Fund: 5000 per month 9. SBI Focused Equity Fund: 2500 per month 10. UTI Focused Equity Fund: 1000 per month 11. UTI Nifty 200 Momentum 30 Index Fund: 2500 per month 12. Motilal Oswal Nasdaq Fund: 1000 per month 13. Motilal Oswal Nifty Bank Fund: 1000 per month 14. ICICI Prudential Technology Fund: 2000 per month

Ans: Funds are decent, however too many funds in the portfolio, can be consolidated in 4 to 5 funds.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Aug 02, 2021

Question by Mohit - Aug 02, 2021Hindi

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My age is 51 and I am invested in MFs since 2013: Franklin India Flexi Cap fund-Direct Dividend- Rs.30,000 per month HDFC Balanced advantage fund-Direct Plan Dividend- Rs.15,000 per month Kindly advice on the above and if I should switch to some other funds with additional investment

Ans: Presently both are decent; please continue

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Feb 20, 2020

Question by Prabhat - Feb 20, 2020Hindi

Money

I am 63+ have following MF investments. Please advise which fund I should continue which one I should switch over to other funds. Going by the trend in last 33 months, I don’t find any encouraging result, will you guide me please? 1. L&T Emerging business fund growth Rs.1,000/- SIP - Money has not appreciated at all 2. Baroda Pioneer Credit risk fund Growth Rs.4 lakh 3. L&T Credit risk Fund Growth Rs.3 lakh 4. ICICI Pru Balanced Advantage Fund Growth Rs.3 lakh 5. ICICI Pru Equity & Debut fund Growth Rs.1 lakh As I am 63+ I want to get return of approx 0.60% SWP/month. Please enlighten which fund will be suitable for me. Name of the Fund Category RankMF Star Rating Prabhat Banerjee 1. L&T Emerging business fund growth Equity - Small Cap Fund: 1 2. Baroda Pioneer Credit risk fund Growth Debt - Credit Risk Fund 2 3. L&T Credit risk Fund Growth Debt - Credit Risk Fund 2 4. ICICI Pru Balanced Advantage Fund Growth Hybrid - Balanced Advantage 5 5. ICICI Pru Equity & Debt fund Growth Hybrid - Aggressive Hybrid Fund 3

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Question by AMIT - May 04, 2023Hindi

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Hi, i am 47 years old and investing in following mutual funds for last 3/4 years. Pls suggest if I should continue with them or replace with other MF ? 1/ Aditya Birla SunLife MNC-G - 5000/- 2/ Canara Robecco Bluechip Equity Reg-G - 10,000/- 3/ Axis Small Cap Reg-G - 10,000/- 4/ HDFC Flexi Cap-G - 10,000/- 5/ ICICI Prudential Value Discovery (G) - 10,000/- 6/ Mirae Asset Emerging Bluechip Reg-G - 5,000/- 7/ Sundaram Midcap Reg-G (BLD) - 5,000/- 8/ Nippon India Growth (G) - 10,000/- 9/ Tata Digital India Reg-G - 5000/- 10/ PGM India Mid cap Opportunity Reg-G - 5000/- 11/ Mirae Asset BFS Fund Reg-G - 5000/-

Ans: As per your Mutual fund selcetion, you have an exposure in categories like thematic funds, flexi caps, value funds, bluechip, large and mid, mid cap, etc
The funds look okay but i would like you to consolidate your funds and select fewer funds compared to soo many funds.
You can select categories like Mid cap - 2 funds
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Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

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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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