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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Dec 07, 2022

Mutual Fund Expert... more
Arun Question by Arun on Dec 07, 2022Hindi
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I am 60 years old retired and investing Rs 21000 in SIP in following Mutual Funds:

Axis Blue Chip Fund: 1000

ICICI Prudential Blue Chip: 2000

IDFC Large Cap Fund: 1000

Nippon India Small Cap: 2000

Axis Long Term Equity: 6000

Aditya Birla Sunlife TaxRelief96: 3000

Franklin India Tax Shield: 1000

ICICI Prudential Long Term Tax saving: 1000

Sundaram Large Cap Fund: 1000

Canara Robeco Blue Chip Fund: 1000

Parag Parikh Flexicap Fund: 1000

Adity Birla Sunlife Spl opportunities: 1000

I am looking forward to corpus of Rs 50 Lakh in next ten years. Please review and advice.

Ans: With Rs 21000 monthly investment a corpus of Rs 1.2 cr can be created in next 10 years

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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Ramalingam

Ramalingam Kalirajan  |10219 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

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I am 43 years old and a salaried person. Started in SIP in 2018. Kindly suggest about the funds. Following are my current mutual fund investments: 1) Franklin India Prima fund Rs.1000 2) Invesco India Contra Fund Rs.6000 3) Kotak flexicap fund Rs.4000 4) Mirae Large & midcap fund Rs.2000 5) Axis Bluchip fund 3500 6) Sbi Banking & financial service fund Rs.3500 7) Axis Small cap fund Rs.5000. All i have monthly SIP. please suggest me if any changes require.
Ans: It's great to see that you've started investing in mutual funds through SIPs. Here are some suggestions regarding your current mutual fund investments:

• Diversification: You have a good mix of funds across various categories, which is essential for diversification. It's important to spread your investments across different sectors and market capitalizations to reduce risk.

• Review Performance: Periodically review the performance of your funds to ensure they are meeting your expectations and performing in line with their peers and benchmarks.

• Consider Your Goals: Reflect on your financial goals, risk tolerance, and investment horizon to determine if your current funds align with your objectives. If you have specific goals such as retirement planning or wealth accumulation, consider adjusting your portfolio accordingly.

• Evaluate Fund Managers: Assess the track record and expertise of the fund managers managing your investments. Look for consistency in performance and a clear investment strategy aligned with your goals.

• Stay Informed: Keep yourself updated with market trends, economic developments, and changes in regulations that may impact your investments. Stay connected with your financial advisor or conduct your research to make informed decisions.

• Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) or a qualified financial advisor to get personalized advice based on your financial situation and goals. They can provide valuable insights and recommendations tailored to your needs.

Overall, while your current mutual fund portfolio appears well-diversified, it's essential to periodically review and adjust your investments based on changes in your financial situation and market conditions. By staying disciplined and informed, you can work towards achieving your financial goals effectively.

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Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 24, 2024

Asked by Anonymous - Oct 24, 2024Hindi
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Hello Sir, I am 45 years old and is looking to invest in mutual funds for 10 years. My risk taking ability is moderate and is planning for a corpus of 2 cr. Following are the SIPs I invest monthly, please let me know if I need to make any changes. SBI Bluechip Fund - 5000 Mirae Asset Large and Midcap Fund - 4000 HSBC Midcap Fund - 4000 SBI Smallcap Fund - 5000 ABSL Flexicap Fund - 5000 Parag Parikh Flexicap Fund - 5000 Nippon India Smallcap Fund - 5000 Quant Flexicap Fund - 6000 Quant Multicap Fund - 6000
Ans: Hello;

Since you have moderate risk profile, I propose the following type of funds and respective sip allocation;

1. Flexicap type mutual fund:15 K
PPFAS flexicap fund
2. Large cap type mutual fund :15 K
ICICI Pru Bluechip fund
3. Large and Midcap type mutual fund: 15 K
Mirae Asset Large and Midcap fund

This will ensure your exposure to large caps is high, mid caps is medium and small caps is low.

For further risk moderation you may also consider hybrid funds like BAFs and aggressive hybrid equity oriented funds but the time horizon may need to be extended in that case.

This SIP(45 K) over 10 years will only yield you a corpus of 1 Cr.

If you are aiming 2 Cr in 10 years then I would recommend you to either double the sip amount to 90 K from 45 K or top-up the sip amount of 45 K by a minimum of 17% each year upto 10 years to reach your intended corpus of 2 Cr.(12% moderate return considered from pure equity mutual funds)

Happy Investing;

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Recommendation: Universal AI University is a strong choice for CSE with AI focus, combining cutting-edge education, robust placements, and industry partnerships to support your career growth. All the BEST for a Prosperous Future!

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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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