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Hardik Parikh |106 Answers |Ask -Follow

Tax, Mutual Fund Expert - Answered on Apr 06, 2023

Hardik Parikh is a chartered accountant with over 15 years of experience in taxation, accounting and finance.
He also holds an MBA degree from IIM-Indore.
Hardik, who began his career as an equity research analyst, founded his own advisory firm, Hardik Parikh Associates LLP, which provides a variety of financial services to clients.
He is committed to sharing his knowledge and helping others learn more about finance. He also speaks about valuation at different forums, such as study groups of the Western India Regional Council of Chartered Accountants.... more

Question by Rajesh on Apr 05, 2023Hindi

Hi Hardik, Good day. This is Rajesh N I am planning to start SIP's (55K per month) in the following Mutual funds for a horizon of 5-7 years to create 1 corpus. Could you please review and suggest if they look fine or need any changes/alternate funds. I am fine to take higher risks. Thanks a lot. Have a Good Day. Canara Robeco Small Cap 4000 Nippon India Small Cap 4000 Quant Small Cap 4000 HDFC Small Cap 4000 HDFC Flexi Cap 5000 Quant Flexi Cap 5000 Parag Parikh Flexi Cap 5000 HDFC Balanced Advantage Fund 6000 ICICI Prudential Balanced Advantage Fund 6000 Motilal Oswal Midcap fund 6000 HDFC Retirements Savings Fund 6000

Ans: Hello Rajesh, it's great to hear about your plan to start investing in mutual funds through SIPs. I would say that your choice of mutual funds looks diversified and suitable for your investment horizon of 5-7 years.

Since you mentioned that you are willing to take higher risks, your choice of small-cap funds such as Canara Robeco Small Cap, Nippon India Small Cap, Quant Small Cap, and mid-cap fund like Motilal Oswal Midcap fund, is appropriate as they have the potential to generate higher returns in the long run.

In addition, you have also selected some flexi-cap funds such as HDFC Flexi Cap, Quant Flexi Cap, and Parag Parikh Flexi Cap, which can help you to diversify your portfolio and provide flexibility to invest across market capitalizations.

Moreover, your choice of balanced advantage funds such as HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund, which invest in a combination of equity and debt, can help to manage market volatility and generate stable returns.

Lastly, your choice of HDFC Retirement Savings Fund is a good option for long-term retirement planning.

Overall, I believe that your choice of mutual funds is well-diversified, and suitable for your investment horizon and risk appetite. However, it's always important to review your portfolio periodically and make necessary changes based on market conditions and your financial goals.

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