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Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Nov 30, 2022

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by Prachi on Nov 30, 2022Hindi

Money

I have recently gotten a lump sum amount of 10 lakh and will get 20-30L in the next 6 months. I have already invested around 10L in various hdfc mutual funds schemes randomly since 2015. Now I want to start SIP in other mutual funds keeping my daughter's education and my retirement as my aim for building corpus.

I am a 37 years healthcare professional and my daughter is 7 years old. Kindly suggest some good schemes to invest in. How much amount should I invest through SIP monthly to build a corpus of 5 Cr in the next 20 years?

Ans: Hi Prachi. Considering your requirements, to achieve a corpus of 5 Cr you can start a sip of Rs. 37000 for next 20 years. For your portfolio, you may refer below mentioned schemes:

Nippon India Growth Fund
Kotak Small Cap Fund
PGIM India Flexicap Fund
ICICI Pru Bluechip Fund

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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Question by Anonymous - Jul 08, 2022Hindi

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I am 39, M, with very less investment till date. I want to create a corpus of 5 to 6cr as retirement and child education fund. For child education I need it in 14 yrs probably, he is now 4, and retirement in 20 years. Current SIP: 1. Parag Parikh Flexi Cap Fund- 5k / month, 6 months runnig 2. Icici Prudential Bluechip Fund Growth- 5k/ month, 1 yr running Lump sum: 3 lakh: ICICI Prudential Nasdaq 100 Index Fund Growth, current value 2.55 lakh 2 lakh: Icici Prudential Business Cycle Fund Growth, current value 2.5 lakh Please suggest the funds I should invest and the amounts for each. I woy also like to invest a lumpsum of 20L, looking for returns better than FD, but with liquidity and zero risk..

Ans: To create a corpus of 5 to 6 crs in 20 years you would be required to invest Rs 50000 per month for 20 years

Schemes that may be considered are as under in equal proportion;

- Samco Flexi Cap Fund - Growth

- Axis Esg Equity Fund Regular Growth

- Uti Flexi Cap Fund – growth

- Hdfc Index Fund - Sensex Plan -Growth

To beat FD, you may consider Short term debt funds considering rising interest rate scenario are:

- Aditya Birla Sun Life Short Term Fund - Growth

- L&T Short Term Bond Fund - Growth

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Mutual Funds Expert - Answered on Oct 04, 2022

Question by Dipanjan - Oct 04, 2022Hindi

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Hi Sir, I am 37 yrs old and very new to mutual fund and SIP. I want to build a corpus of 3 cr. by the age of 60. Also I would need 30 lakh for my child’s education in next 14 years. What should I do plz advice?

Ans: Hi Dipanjan Guha. Thanks for discussing your requirements and future goals.

For the goal of 3 Cr., you can start sip in mf of around Rs.15000 in categories like large & midcap, Flexicap, Mid cap and Small cap etc.

Starting with Rs 6,000 on a monthly basis can help you achieve the Child Education goal.

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Mutual Funds Expert - Answered on Feb 04, 2023

Asked by Anonymous - Feb 03, 2023Hindi

could you please suggest good mutual funds for SIP, I am 41 years old and my wife is 34 and we have 2 kids aged 5&10 respectively. i want to create corpus of 1.5 cr for retirement, 2 cr for child education require your valuable guiandance on exactly which fund and how much in each fund i need to invest so that the objective can be fulfilled.

Ans: Hello investor! Its great you have a solid intent to build your retirement corpus and money for child education, to help you effectively. I would be needing further quantitative details like the age of retirement and investment horizon for children's education. for longer horizon goals mid-cap funds are always been preferred in the portfolio

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Hope you have adequate term life insurance for yourself.

You may start a monthly sip of 90 K in a combination of pure equity mutual funds.

After 10 years your sip and lumpsum investment will grow into sums of 2.09 and 1.24 Cr respectively.

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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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