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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Aug 03, 2022

Mutual Fund Expert... more

Question by VIJAY on Aug 03, 2022Hindi

Money

My Goals are given below:

Child Education -- child-01 -- 45 Lakh (AFter 12Yrs) Child -02 - 65 Lakh (17 Yrs) -- Total -1.1 Cr.

Child Marriage -- 80 Lakh

Retirement -- 2.5 CR

My age is 38 Yrs. I still can work for another 15 to 20 yrs.

Current value of the Mutual fund is 10.5 lakh for the below given funds. My invested funds are given below:

Quantum India ESG Equity Fund Sep-19 2000

Quantum Long term Equity Value Fund Sep-19 2000

HDFC SMALL CAP FUND - Sep-19 2500

BNP Paribas Substantial Equity Hybrid Growth Direct Plan Nov-19 3000

Mirae Asset Emerging Bluechip Growth Direct Plan Nov-19 3000

Motilal Oswal Nasdaq 100 Fund Of Fund Growth Direct Plan Nov-19 1500

Motilal Oswal Nifty 50 Index Growth Direct Plan Nov-19 1000

Axis Mid Cap Growth Direct Plan Nov-19 2500

Axis Focused 25 Growth Direct Plan Nov-19 3000

Axis Flexi Cap Growth Direct Plan Nov-19 2500

Kotak Flexicap Growth Direct Plan Nov-19 2500

Kotak Emerging Equity Scheme Growth Direct Plan Nov-19 2500

ICICI Prudential US Bluechip Equity Growth Direct Plan Nov-19 1500

29500

Also My EPF is around 15 K each month. I am ready to put in 10 to 15 thousand. Please suggest if these funds are good to meet my target or need to make any changes.

Ans: Too many funds, however most are good funds.

Do a goal based planning and attach schemes to goals, that way there will be discipline.

One set of investment with multiple goals is not advisable.

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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