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Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Jul 23, 2023

Raghu Question by Raghu on Jun 06, 2023

Hi currently at investing in below MFs, im 36 years old. Can you review the below funds. Goal is to accumulate 10cr corpus in 15years Axis Small Cap - 5000/- CR Small Cap - 5000/- Tata Small Cap - 5000/- Axis Long term equity fund - 5000/- Quant Tax Plan - 5000/- Parag Parikh Tax Fund - 15000/- PGIM Midcap Opportunity - 12500/- Parag Parikh Flexi Cap - 12500/- PGIM Flexi Cap Fund - 11000/- Tata Resource & Energy Fund - 5000/- Mirae Asset Global X Artificial ETF - 5000/-

Ans: It seems that your portfolio is over diversified. Every category should include one or maximum two funds of any category but it in your case there are more than 2 funds which will affect the portfolio.
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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Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Jun 16, 2023

Dear sir, this is Iliyas Khan from madhyapradesh, I'm a govt employee. currently I have 50 k salary in hand and I am investing in MF since last november.currently I have monthly Sip in these funds pls give the opinion about my AMC and fund ,risk and expected returns in 15 years.I am increasing my investments by 10% every year. 1. quant small cap fund 2000/- 2. Quant tax plan fund 500/- ,3.Quant absolute fund 1000/- 4,PGIM India mid cap fund 1000/- 5. Parag Parikh flexi cap fund 1000/- 6.Mirae asset emerging Blue chip fund 1000/- 7.ICICI PRUDENTIAL DIVIDEND YIELD EQUITY FUND 1000/- 8.icici prudential equity and debt fund 1000/- 9.icici prudential multi asset fund 1000/- 10.hdfc long duration debt fund 500/-
Ans: According to my analysis of the portfolio, you have hugely over-diversified the amount in numerous funds of the same category. Ideally, we should have only 1 fund in each category. A brief view on funds held in your portfolio is as follows, but please note that selection and allocation of fund totally depends on your risk appetite, objective, investment horizon, and other peculiarities essential for making decision.

I would recommend reducing the number of funds to 4-6 in your current portfolio and increasing your SIPs by 10% or more if feasible based on income increment every year. Choose a fund totally based on your requirement and time frame. This will help you to grow your wealth substantially over time.
1. Quant Small Cap Fund – The fund invests in small-cap companies, which are riskier than large-cap companies. However, small caps have the potential to generate higher returns in the long term only (7-10 years).

2. Quant Tax Plan Fund – The fund provides tax savings up to Rs. 1,50,000 U/s 80C (Only if you choose the old tax regime) with a lock-in period of 3 years, and the fund's performance has been strong in the previous 5 years.

3. Quant Absolute Fund - The Fund is recommendable for investors who are looking for a moderate-risk investment with the potential for above-average returns. The fund's quantitative investment approach has helped it to generate consistent returns over the long term.

4. PGIM India Mid-cap Fund - The fund aims to achieve long-term capital appreciation by investing in equity and equity-related instruments of mid-cap companies. It is suitable for investors who are looking for long-term growth (5-7 years) and are willing to accept some risk.

5. Parag Parikh Flexi Cap Fund – The fund is doing well in the current market and has the potential to produce significant returns in the coming market but with discipline. It is advised to invest in this fund or to raise your SIPs in this fund since it diversifies your investment across domestic and international markets.

6. Mirae Asset Emerging Bluechip Fund - This fund invests in large and mid-cap companies that are expected to grow persistently. The fund has performed well, and you are advised to continue.

7. ICICI Prudential Dividend Yield Equity Fund - This fund invests in companies that are known to declare high dividends. Dividend fund generally defeats the main aspect of growth and affects compounding in the long run. Thus, it is suggested to cease the SIP.

8. ICICI Prudential Equity & Debt Fund - This fund is a hybrid fund that invests in a mix of equity and debt. It is a good option for investors who want to reduce risk via proportionate 20-25% investment in debt-oriented fund.

9. ICICI Prudential Multi-Asset Fund - This fund is a multi-asset fund that invests in a variety of assets, including stocks, bonds, gold, and commodities. It is a good investment option giving a taste of various asset classes in a single recipe.

10. HDFC Long Duration Debt Fund – This fund has durations of more than 7 years. Adding such a high duration in a portfolio is totally dependent on the interest rate cycle. It is not suggested to continue the SIP.
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.

Samraat Jadhav  |974 Answers  |Ask -

Stock Market Expert - Answered on Jun 22, 2023

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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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