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Should I Change My Mutual Funds? A 50-Year-Old Investor Seeks Expert Advice

Milind Vadjikar |655 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 06, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Oct 06, 2024Hindi

Money

Hello Sir, Hope this mail finds you well ! I have SIP's as follows : Parag P Flexi Cap - 70K, Canara R FlexiCap-35K, Nippon MultiCap-30K, Nippon Pharma-10K, Nifty BeeS ETF-75K, Nifty Gold ETF - 5K, NPS Tier 2-30K, Tier 1- 5K. Additionally I have STP from Liquid funds into Kotak Emerging Equity - 30K, Axis Small Cap - 30K. Are these MF's, ETF & NPS plan good in terms of investments ? Do I need to change any MF ? How much amount I can expect in the next 10 years if I continue this same investment. What will be the amount if I increase the investment 10% every year ? Also I plan to redeem my investment in UTI Flexicap, Axis BC, Axis Midcap & PGIM Flexicap and reinvest the amount in the above MF's. Please advise. Thanks in advance.

Ans: Hello;

I must admire your commitment and disciplined way of investing.

Your fund choice looks good so NO suggestion for changes.

If you contine this monthly SIP of 3.2 L for the next 10 years you may expect a corpus of 7.1 Cr.

If you decide to top-up this SIP by 10% each year then your corpus would be around 10.25 Cr+.

Yes you should exit these funds(uti flexicap, Axis BC & Midcap, PGIM flexi cap) and redeploy the proceeds into your SIP schemes.

A modest return of 11% considered.

Happy Investing!!

Asked on - Oct 06, 2024 | Answered on Oct 07, 2024

Thanks Sir. Appreciate your prompt response !

Ans: You are most welcome!

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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I have made the following investments in Mutual Funds recently. Please let me know if it is good to go. Also please let me know if i can increase the SIP Amount over and above the below mentioned amount. My aim is Long Term. Fund Name Plan Initial Investment SIP-Monthly Axis Small Cap Fund Growth 5,000.00 3,000.00 Canara Robeco Bluechip Equity Fund Growth 5,000.00 3,500.00 HDFC Index Sensex Plan-Growth 5,000.00 3,500.00 Paragh Parikh Flexi Cap Fund Growth 5,000.00 5,000.00

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Sir, request your kind advice and guidance on this please. My age is 46 years and I am expecting corpus of Rs 1 Cr in 10 years. I have read your unbiased views on various queries from MF investment enthusiasts. Your feedback has been very impressive and really helps people like us. My heartfelt gratitude and thanks for the same. Sir, I have following mutual fund SIPs and I would seek your guidance on whether these are OK, or any course correction required. LUMP SUMP INVESTMENTS split as below. Aditya Birla Sun Life Focused Equity Fund - Gr in March 2022 value Rs 62434. Current value is Rs 59218 Axis Growth Opportunities Fund - Gr in March 2022 value Rs 62122. Current value is Rs 57015 Edelweiss Arbitrage Fund - Gr in April 2021 value Rs 45567. Current value is Rs 47660 L&T Arbitrage Opportunities Fund - Gr in July 2021 value Rs 65730. Current value is Rs 69077 Nippon India Arbitrage Fund - Gr in July 2021 value Rs 49595. Current value is Rs 51859 SIP: Total monthly SIP of Rs 25000, split as below: Axis Bluechip Fund - Gr, monthly investment Rs 2500 Axis Focused 25 Fund - Gr, monthly investment Rs 2000 Canara Robeco Flexi Cap Fund - Gr, monthly investment Rs 2000 Edelweiss Mid Cap Fund - Regular Gr, monthly investment Rs 5000 Invesco India Contra Fund - Gr monthly investment Rs 2000 Kotak Emerging Equity Fund - Gr, monthly investment Rs 2000 Kotak Flexicap Fund - Gr, monthly investment Rs 2500 L&T Midcap Fund - Gr, monthly investment Rs 5000 SBI Flexicap Fund - Gr, monthly investment Rs 2000 Total portfolio amount as on date is Rs 14 lakh.

Ans: Funds are good, please continue, don’t increase funds; if you need to top up, do in the existing schemes.

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Hello Sir, I am investing the following in MF SIP's every month. 3000-Axis Small cap, 50000 - Canara Robeco Bluechip, 30000 - Canara Robeco Flexicap, Parag Parikh Flexicap - 30000, 10000 - Nippon Pharma, 5000-Kotak Emerging Equity, 30000 - PGIM Flexicap, 20000 - UTI Flexicap. Are these funds good for long term investment, 5-10 years. How much amount can I expect from this investment. Please advise. Thanks Sir !

Ans: Your portfolio is a mix of different category of mutual funds like large-cap, mid-cap, small-cap, and thematic funds which indicates you have well diversified your portfolio. Diversification can help reduce risk and improve the potential for returns.

Investment for long term in equity funds gives good return. We suggest you to stay invested for 5-10 years and you can expect 12-14% CAGR from your portfolio while in the short term you may see volatility as expected of equity investments.

However it is essential to keep reviewing your portfolio periodically and track the performance of particular mutual funds and make adjustments if required.

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I have the following SIP investments in the below Mutual Fund plans . Please advise if I should change any ? Also ,Please advise where can I put an additional 20k per month for more investment?[SA] Quant MIdCap Direct growth Fund 5025 Quant Large and Midcap Direct Fund Growth 2025 SBI Magnum Midcap Direct Plan Growth 3001 Quant Active Direct Fund Growth 4001 Axis Nift Smallcap 50 index direct plan growth 3501 HDFC Small cap direct Plan growth 2501 ICICI Prudential BHARAT 22 FOF Direct Plan growth 5003 SBI Large and Midcap direct plan growth 3004 Nippon india Small cap Direct plan growth 5006 Quant small plan direct plan growth 3010 Quant multi assest direct plan growth 2010 ICICI Prudential Bluechip Direct plan Growth 2110

Ans: Optimizing Your SIP Investments for Long-Term Growth
With a diverse portfolio of SIP investments, it's essential to periodically review and adjust your holdings to ensure they remain aligned with your financial goals and risk tolerance. Let's evaluate your current SIP investments and explore opportunities for additional investment to enhance your portfolio's growth potential.

Reviewing Current SIP Investments
Your current SIP investments cover a wide range of fund categories, including mid-cap, large-cap, small-cap, and multi-asset funds. This diversification is beneficial for spreading risk and capturing growth opportunities across different market segments.

Analyzing Fund Performance and Suitability
While each fund serves a specific purpose in your portfolio, it's essential to evaluate their performance relative to their benchmarks and peer group. Consider factors such as historical returns, expense ratios, and fund manager expertise when assessing their suitability for your investment objectives.

Identifying Potential Changes
Based on your investment horizon, risk tolerance, and financial goals, consider the following factors when determining whether to make changes to your SIP investments:

Underperforming Funds: Review funds that consistently underperform their benchmarks or fail to meet your expectations. Consider replacing them with better-performing alternatives.

Overlapping Holdings: Identify any overlapping holdings across funds and consolidate your investments to avoid duplication and streamline your portfolio.

Risk Management: Assess the overall risk profile of your portfolio and make adjustments to ensure it aligns with your risk tolerance and investment objectives.

Exploring Additional Investment Opportunities
With a surplus of Rs. 20,000 per month available for investment, consider allocating these funds to further diversify your portfolio and capitalize on growth opportunities. Explore the following options for additional investment:

Sector-Specific Funds: Consider investing in sector-specific funds to capitalize on emerging trends and opportunities in specific industries or sectors.

International Funds: Diversify your portfolio geographically by investing in international funds that provide exposure to global markets and currencies.

Debt Funds: Balance your portfolio by investing in debt funds, which offer stable returns and act as a hedge against market volatility.

Seeking Professional Advice
Given the complexity of portfolio management and the dynamic nature of financial markets, consider consulting with a Certified Financial Planner to receive personalized advice tailored to your specific financial situation and goals. A professional can help you optimize your portfolio, identify suitable investment options, and navigate market uncertainties effectively.

Conclusion
Girish, by reviewing your current SIP investments, identifying potential changes, and exploring additional investment opportunities, you can optimize your portfolio for long-term growth and wealth accumulation. With guidance from a Certified Financial Planner, you can navigate the investment landscape with confidence and work towards achieving your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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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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