Omkeshwar Singh | Answer |Ask -Follow
Head, Rank MF - Answered on Dec 28, 2021
The total current investment in SIP is Rs 12,000 (which now I want to make Rs 15,000). Kindly advise a good additional SIP for investing Rs 3,000 monthly.
Also let me know if lumpsum investment in MFs is good or any changes are required.
I am now 45 years of age and my total savings as of date is Rs 13 lakhs only.
Kindly advise how much more investment I would have to make to collect a good amount for my sons' education and retirement. I have two sons aged 12 and eight.
My current salary is Rs 1.5 lakhs and my wife is also working with a salary of Rs 30,000.
Also I keep breaking my SIP and lumpsum investment in between for emergency use. Please do let me know if that will affect my long term plan of collecting funds.
My SIPs are:
Mutual Funds | Plan | Amt invested per month (long term) |
Axis Focused 25 | Growth | Rs 2,000 |
ICICI Prudential Focused Equity | Growth | Rs 2,000 |
Canara Robeco Emerging Equities | Regular Growth | Rs 3,000 |
Kotak Standard Multicap Fund | Growth | Rs 2,000 |
L&T Midcap | Growth | Rs 2,000 |
Motilal Oswal Multicap 35 | Growth | Rs 2,000 |
I have lumpsum investment in:
Mutual Funds | Plan | Amt Invested (long term) |
DSP Focus | Growth | Rs 1 lakh (invested in April 2016) |
ICICI Pru Long Term Equity Fund (Tax Saver) | Growth | Rs 1 lakh (invested in April 2016) |
Kotak Bluechip Fund | Growth | Rs 1 lakh (invested in April 2016) |
Nippon India Dynamic Bond Fund | Growth | Rs 1 lakh (invested in April 2016) |
Mirae Asset Focused Fund | Growth | Rs 50,000 (invested in April 2019) |
Mirae Asset Midcap Fund | Growth | Rs 25,000 (invested in April 2019) |
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