I have invested in various MF like ICICI, Quant etc. There are two companies handling these MF namely KFinTech and CAMS. how do I ensure that in any unforseen circumstance that the return on the invested amount goes to my nominee and what is the procedure for the same?

Ans: Better alternatives are available; avoid any Equity - Sectoral Fund – Infrastructure.

Equity – ELSS:

- Canara Robeco Equity Taxsaver Fund - Regular Plan - Growth

- BOI AXA Tax Advantage Fund-Regular Plan- Growth

- Aditya Birla Sun Life Tax Relief '96 - Growth Option

Equity - Multi Cap Funds:

- Motilal Oswal Multicap 35 Fund (MOF35)-Regular Plan-Growth Option

- JM Multicap Fund - Growth option

- UTI - Equity Fund-Growth Option

Hybrid - Dynamic Asset Allocation

- Motilal Oswal Dynamic Fund - Regular Growth

- Axis Dynamic Equity Fund Regular Plan Growth 

Ans: Equity schemes are best suited for creation wealth in long run and the suitable schemes are as under ( Can start SIP of Rs. 500 in each of these 4 funds)

- UTI Equity Fund - Growth

- Axis Focused 25 Fund - Growth

- Motilal 30 mid cap fund – Growth

- LIC MF Large cap fund - Growth

Ans: Dear Srinivasan, it's great that you're considering mutual funds for your financial journey. Finding the right fund can seem daunting, but don't worry, you're not alone. Look beyond the labels of banks or corporates and focus on factors like fund performance, consistency, and the fund manager's track record. Remember, investing is a journey of learning and growth. Consulting a Certified Financial Planner can offer personalized guidance to help you navigate this path with confidence. Cheers to your financial future!

Ans: Shifting investments in mutual funds requires careful consideration based on your financial goals, risk tolerance, and investment horizon. Here are some steps to guide you in making an informed decision:
• Assess your investment objectives and risk tolerance: Determine whether your primary goal is capital appreciation, income generation, or a combination of both. Also, evaluate your comfort level with market fluctuations and volatility.
• Review the performance of your current mutual fund: Analyze the historical performance of Nippon India MF and compare it with relevant benchmarks and peer funds. Consider factors such as returns, volatility, consistency, and fund manager expertise.
• Identify your investment preferences: Decide whether you prefer equity, debt, hybrid, or other types of mutual funds based on your risk appetite and investment horizon. Each asset class has its characteristics and potential returns.
• Consult with a mutual fund expert or financial advisor: Seek guidance from a Certified Financial Planner (CFP) who can analyze your financial situation, understand your investment objectives, and recommend suitable investment options aligned with your goals.
• Diversify your portfolio: Consider diversifying your investments across multiple mutual funds or asset classes to spread risk and enhance potential returns. A well-diversified portfolio can help mitigate the impact of market volatility and optimize returns over the long term.
• Monitor and review your investments regularly: Keep track of your investment portfolio's performance and make adjustments as needed based on changing market conditions, economic outlook, and your financial goals.
Regarding shifting your investment for better returns, it's essential to conduct thorough research and seek professional advice to ensure that any changes align with your financial objectives and risk profile. Additionally, past performance may not guarantee future results, so it's crucial to focus on the long-term prospects and fundamentals of the investment options you consider.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner

www.holisticinvestment.in