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Hemant

Hemant Bokil  | Answer  |Ask -

Financial Planner - Answered on May 25, 2023

Hemant Bokil is the founder of Sanay Investments. He has over 15 years of experience in the field of mutual funds and insurance.Besides working as a financial planner, he also hosts workshops to create financial awareness. He holds an MCom from Mumbai University.... more
Asked by Anonymous - May 19, 2023Hindi
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Dear Sir, Please correct me about duration of SIPs in MF. Depending upon choice of MFs. As I see if sensex is high, nav improves& I gain more. If sensex is down, I buy more units at lower rates. Thus SIPs are always advisable, irrespective of its duration. Is there any duration of SIPs?

Ans: sip duration = time left to achieve your goals
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 have following MFs (Growth) in my portfolio for some of them SIP is executed currently per month and for others SIP duration has expired. Am a long term investor with preference to SIP, kindly guide if I need to withdraw from one fund for investment in other fund and if the funds for which am paying SIP amount is to be continued or stopped. 1. Aditya Birla Sun Life Equity advantage Fund 2. BNP Paribas Midcap 3. DSP Equity Opportunities Fund 4. DSP Midcap Fund 5. DSP US Flexible Equity Fund 6. Franklin India Ultra Short Bond Fund 7. HDFC Equity Fund 8. HDFC Hybrid Equity Fund 9. HDFC Mid-Cap Opportunities Fund 10. HDFC Small Cap Fund 11. ICICI Prudential Infrastructure Fund 12. ICICI Prudential US Bluechip Fund 13. Invesco India Contra Fund 14. Kotak Emerging Equity Fund 15. Kotak Standard Multicap Fund 16. L&T Emerging Business Fund 17. L&T India Value Fund 18. L&T Midcap Fund 19. Mirae Asset Focused Fund 20. Mirae Asset Large Cap Fund 21. Motilal Oswal Multicap 35 Fund 22. Nippon India Growth 23. Nippon India Liquid Fund 24. Nippon India Power & Infra Fund 25. Principal Emerging Bluechip Fund 26. SBI Bluechip Fund 27. Tata Digital India Fund 28. Tata Equity PE Fund 29. Axis Blue-chip Fund Monthly SIP amounting 27000 is going for below funds (they are included in above details): 1. DSP US Flexible Equity Fund - 1500 2. Mirae Asset Focused Fund - 2000 3. Tata Digital India Fund - 1500 4. ICICI Prudential US Bluechip Fund - 1500 5. DSP US Flexible Equity Fund - 1500 6. BNP Paribas Midcap - 4000 7. HDFC Small Cap Fund - 4000 8. Kotak Emerging Equity Fund - 4000 9. L&T Midcap Fund - 4000 10. Nippon India Growth – 4000
Ans: TOO MANY FUNDS – not more than 4-6 schemes should be consolidated into.

Name of the Fund Category RankMF Star Rating Recommendation
1. Aditya Birla Sun Life Equity advantage Fund  Equity - Large & Mid Cap Fund 2 SmartSwitch to Axis Opportunities Fund - Growth
2. BNP Paribas Midcap Equity - Mid Cap Fund 1 SmartSwitch to DSP Mid Cap Growth
3. DSP Equity Opportunities Fund Equity - Large & Mid Cap Fund 2 SmartSwitch to Axis Opportunities Fund - Growth
4. DSP Midcap Fund Equity - Mid Cap Fund 4 Continue
5. DSP US Flexible Equity Fund FoFs (Overseas) 4 Continue
6. Franklin India Ultra Short Bond Fund Debt Ultra Short -  Wind up Scheme
7. HDFC Equity Fund Equity - Multi Cap Fund 2 SmartSwitch to UTI Equity Fund - Growth
8. HDFC Hybrid Equity Fund Hybrid - Aggressive Hybrid Fund 5 Continue
9. HDFC Mid-Cap Opportunities Fund Equity - Mid Cap Fund 2 SmartSwitch to DSP Mid Cap Growth
10. HDFC Small Cap Fund Equity - Small Cap Fund 1 SmartSwitch to Axis ESG Fund  Growth
11. ICICI Prudential Infrastructure Fund Equity - Sectoral Fund - Infrastructure 1 Avoid Sectoral Funds, SmartSwitch to UTI Equity Fund - Growth
12. ICICI Prudential US Bluechip Fund Equity - Thematic Fund - Global 4 Continue
13. Invesco India Contra Fund Equity - Contra Fund 2 SmartSwitch to Axis ESG Fund  Growth
14. Kotak Emerging Equity Fund Equity - Mid Cap Fund 3 SmartSwitch to DSP Mid Cap Growth
15. Kotak Standard Multicap Fund Equity - Multi Cap Fund 2 SmartSwitch to UTI Equity Fund - Growth
16. L&T Emerging Business Fund Equity - Small Cap Fund 2 SmartSwitch to Axis ESG Fund  Growth
17. L&T India Value Fund Equity - Value Fund 2 SmartSwitch to Axis ESG Fund  Growth
18. L&T Midcap Fund Equity - Mid Cap Fund 2 SmartSwitch to DSP Mid Cap Growth
19. Mirae Asset Focused Fund Equity - Focused Fund 4 Continue
20. Mirae Asset Large Cap Fund Equity - Large Cap Fund 3 SmartSwitch to Uti Mastershare Unit Scheme - Growth Plan
21. Motilal Oswal Multicap 35 Fund Equity - Multi Cap Fund 4 Continue
22. Nippon India Growth Equity - Mid Cap Fund 2 SmartSwitch to DSP Mid Cap Growth
23. Nippon India Liquid Fund Debt - Liquid Fund 5 Continue
24. Nippon India Power & Infra Fund Equity - Sectoral Fund - Energy & Power 1 Avoid Sectoral Funds, SmartSwitch to UTI Equity Fund - Growth
25. Principal Emerging Bluechip Fund Equity - Large & Mid Cap Fund 4 Continue
26. SBI Bluechip Fund Equity - Large Cap Fund 3 SmartSwitch to Uti Mastershare Unit Scheme - Growth Plan
27. Tata Digital India Fund Equity - Thematic Fund - Other 3 continue
28. Tata Equity PE Fund Equity - Value Fund 3 SmartSwitch to Axis ESG Fund  Growth
29. Axis Blue-chip Fund Equity - Large Cap Fund 4 Continue
 
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2. Mirae Asset Focused Fund - 2000 Equity - Focused Fund 4 Continue
3. Tata Digital India Fund - 1500 Equity - Thematic Fund - Other 3 continue
4. ICICI Prudential US Bluechip Fund - 1500 Equity - Thematic Fund - Global 4 Continue
5. DSP US Flexible Equity Fund - 1500 FoFs (Overseas) 4 Continue
6. BNP Paribas Midcap - 4000 Equity - Mid Cap Fund 1 SmartSwitch to DSP Mid Cap Growth
7. HDFC Small Cap Fund - 4000 Equity - Small Cap Fund 1 SmartSwitch to Axis ESG Fund  Growth
8. Kotak Emerging Equity Fund - 4000 Equity - Mid Cap Fund 3 SmartSwitch to DSP Mid Cap Growth
9. L&T Midcap Fund - 4000 Equity - Mid Cap Fund 2 SmartSwitch to DSP Mid Cap Growth
10. Nippon India Growth – 4000 Equity - Mid Cap Fund 2 SmartSwitch to DSP Mid Cap Growth

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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
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1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
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2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


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Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
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Hello, my wife is Ugandan and I’m of English national, 30 years old and she’s 26, we met nearly a year ago and got married in uk with some of her friends and small family. We haven’t done kuchala (not sure if that’s correct spelling) yet and I’m feeling anxious for when the time comes. She said her family will kneel when they greet me and being white this is already stinging my moral (due to history). I also talked about moving in together before the meet the parents happen however she says she’s rather move in after? Currently this could take two years before going to Uganda, how should I proceed without overstepping her cultural beliefs as after all we are married and by my culture we should already be living together
Ans: Dear Anonymous,
It is very nice of you to be so considerate and sensitive while handling these cultural nuances. Let's discuss the kneeling tradition. It's a sign of respect and it's deeply rooted in Ugandan culture. While I understand your point of view, you also have to remember that it can have significant meaning to her and her family. I suggest you politely express your feelings and let her know why it is uncomfortable for you to see her family kneel. When you explain, mention how much her culture means to you as well. I am sure both of you can communicate and come to a compromise that makes you both happy. Just in case, they persist in following the ritual, just look at it as a gesture of love and respect and not submission.

About the moving in together part, in certain parts of the world, couples living together before the traditional wedding is not considered respectful. But since you are already married, you can try explaining to your wife how the living situation does not go against her cultural expectations. But if it is a really big deal for her and her family, consider seeing it from her perspective.

Communication is everything here. Look at every problem as a team; it's not your problem vs her problem. It's both of you vs the problems.

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I have received a job offer from Siecorp ,a Singapore based company though my posting would be at my hometown . They have asked me to submit all credentials related to education & job experiences which is quite normal but they have asked the following documents also which they said would help me to arrange through some agent by payment & the same would be reimbursed during first month of employment . Earlier also another overseas company asked for the same & I denied to make payment before having the job in hand . 1. Construction Health and Safety Technician (CHST) – Compulsory 2. OSHA Safety Certificate – Compulsory 3. Safety Trained Supervisor (STS) – Non-Compulsory Kindly advise whether these certificates are really required to be submitted to join any foreign company or any sort of cheating business regards,
Ans: Hello Bipradas.
From your query, it is clear that you have offered by job by a Singapore-based company and they are giving you a posting in your home town. You did not mention anything about the work culture of the company. It simply indicates that you are supposed to work from home which is always related to computers. I think there is no harm in producing the required documents through an agent if they are offering you a handsome salary. The requirement for documents differs from company to company. There is no harm in submitting the mentioned documents. If have fear in your mind, then please go through the profile of the company in detail before submitting the documents. There are many ways to check the authenticity of the company. There are some chances of cheating, but everybody is not indulged in the same category. But take the steps with utmost precaution.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
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