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Sanjeev

Sanjeev Govila  |282 Answers  |Ask -

Financial Planner - Answered on Sep 20, 2023

sumanta Question by sumanta on Sep 06, 2023Translate
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Dear Sir I am a daily reader of your posts. You are requested to please give your valuable opinion as many times i sent you e-mail. Please find the details of my monthly SIP investment continuing since 2019. And I want to do long term investment. PARAG PARIKH FLEXI CAP FUND – GROWTH - 10000 SBI FOCUSED EQUITY FUND REGULAR GROWTH -10000 Mirae Asset Emerging Bluechip Fund - Regular Plan Growth Option- 10000 Canara Robeco Bluechip Equity Fund Regular Growth- 10000 Mirae Asset Large Cap Fund Growth Plan -10000 AXIS MIDCAP FUND – GROWTH- 10000 Any modification/changes required in terms of portfolio, please suggest. Below Tax Planning amounts want to withdraw, so where to park or save these same money please guide.. Present value is about double i.e 2lakh each MOTILAL OSWAL LONG TERM EQUITY FUND – GROWTH – 1lakh HDFC HYBRID EQUITY FUND - REGULAR PLAN – GROWTH- 1lakh Also, Suggest for a long term investment for baby girl child. Is it required separate investment of my wife (house wife) with the SIP . Regards Sumanta

Ans: As per your queries, we have given our recommendations below:

1. Overall, your investment portfolio is well-diversified and includes a mix of large-cap, mid-cap, and flexi-cap funds and also the funds you have in your portfolio, they all are fundamentally good and have been stable performers in their categories which is a good approach for long-term investment. You can continue to invest in these funds without any changes suggested.

2. Now if we talk about the tax planning and if you are not going to choose the old regime of tax, then we would suggest you to park this amount in mix of some equity and more in hybrid funds as you have already taken the position in pure equity-oriented funds. Also,in current scenario, Motilal Oswal Long-Term equity Fund is not performing up to the mark.

3. For long-term investment for your baby girl child, you can start a SIP in a well - diversified portfolio including some large cap, mid cap, hybrid funds (which invest in a mix of equity and debt) and small cap funds also for long term wealth building considering the long term horizon.

Also you can invest in specially designed product in mutual fund for children like Children gift funds etc which come with the lock-in of 5 years.

Apart from this you can also go with some government promoted schemes like PPF or Sukanya Samriddhi Yojana etc.

4. Yes, you can have separate investments (through monthly SIPs, not with enlarged amount otherwise clubbing of income is applicable) in the name of your wife for tax planning purpose.
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

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Aug 11, 2021

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Below is my portfolio. Would highly appreciate if you can suggest if it is good or any changes required? Total current investment in SIP is Rs 12,000 (Which now I want to make it Rs 15K) kindly advise a good additional SIP for investing 3K monthly. Also let me know if the MF in lump sum are good? Or any changes required. I am now 45 years of age and my total savings as of date is Rs 13 Lacs only. Kindly advise how much more investment would I have to make to collect a good amount for my son's education and retirement - I have 2 son's aged 12 and 8. My current salary is Rs 1.5 Lacs and wife is also working with a salary of 30 K. Also I keep breaking SIP and lumpsum in between for emergency use. Let me know if that will affect my long terms plans of collecting funds SIPs: NAME OF MUTUAL FUND AMT INVESTED PER MONTH - (LONG TERM) Axis Focused 25 - Growth - RS - 2,OOO /- ICICI Prudential Focused Equity - Growth RS - 2,OOO /- HDFC Top 100 - Growth RS - 2,OOO /- Kotak Standard Multicap Fund - Growth RS - 2,OOO /- L&T Midcap - Growth RS - 2,OOO /- Motilal Oswal Multicap 35 - Growth RS - 2,OOO /- LUMPSUM NAME OF MUTUAL FUND AMT INVESTED LUMPSUM - (LONG TERM) DSP Focus - Growth RS - 1 LAC (INVESTED IN APRIL 2016) ICICI Pru Long Term Eq Fund ( Tax Sav) - Growth RS - 1 LAC (INVESTED IN APRIL 2016) Kotak Bluechip Fund - Growth RS - 1 LAC (INVESTED IN APRIL 2016) Nippon India DYNAMIC BOND FUND - Growth Plan RS - 1 LAC (INVESTED IN APRIL 2016) Mirae Asset Focused Fund - Growth RS - 50K (INVESTED IN AUG 2019) Mirae Asset Midcap Fund - Growth RS - 25K (INVESTED IN AUG 2019)
Ans: Prudent approach is to have the family covered for medical and life with pure insurance product.

Post that, create a corpus for emergency fund that should be 6 month of monthly expenses.

Only post that investment is recommended.

Depending upon your cash flows, mode of investment can be SIPs or lumpsums; however, SIPs are recommended.

Existing funds are okay; for further investment Axis ESG Equity Fund – Growth or UTI Flexi Cap fund – Growth can be considered

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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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