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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Aug 02, 2021

Mutual Fund Expert... more
Mayank Question by Mayank on Aug 02, 2021Hindi
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I am investing 60K per month via SIP in 10 mutual funds for the last 4-5 years. Portfolio is divided between me and my wife. Both are aged 38. The target is long term wealth creation and the horizon in 10-12 years away. Please suggest funds to continue or discontinue with and also new schemes to switch to.

Wife's Portfolio SIPs (All are Direct Growth)

DSP Eqt & Bond - 6000

DSP Eqt Opp - 6000

DSP Midcap - 6000

DSP Top 100 Eqt – 6000

Ans: DSP mid cap and Top 100 are good funds

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 am 47 years old. I have a SIP investments since the last four years in the below MFs (horizon 10 years). The mutual funds I have invested in: Mutual Funds Plan Amount Kotak Emerging Equity Fund Regular Fund Rs 5,000 (started August 2017) Kotak Flexi Cap Fund Regular Plan Growth Rs 2,500 (started August 2017) SBI Bluechip Fund Regular Plan Growth Rs 2,500 (started August 2017) HDFC Mid-Cap Opportunities Fund Growth Rs 2,000 (started August 2017) IDFC Large Cap Fund Growth Rs 2,500 (started August 2017) Mirae Asset Emerging Bluechip Fund   Rs 2,000 (started August 2017) Axis Bluechip Fund Growth Rs 2,000 (started August 2017) Axis Focused 25 Fund Growth Rs 2,500 (started August 2017) HDFC Index Fund Nifty 50 Plan -- Direct Rs 2,500 (started August 2017) Kotak Opportunities Fund Growth Rs 2,500 (started December 2017 and ended Nov 2020) L&T India Value Fund Growth Rs 2,500 (started February 2018 and ended July 2020) My wife's mutual fund details: Mutual Funds Plan Amount Axis Focused 25 Fund Growth Rs 2,500 (started December 2019) SBI Blue Chip Fund   Rs 2,000 (started June 2019) Mirae Asset Large Cap Fund   Rs 2,500 (started December 2019, increased the amount to Rs 2,500 from October 2020) ICICI Prudential Multicap Fund Growth Rs 1,500 (started August 2020) Have invested in these NFOs as well: Mutual Funds Plan Amount Kotak Global Fund of Fund Direct Rs 1,00,000 (July 2021) Navi Nifty Index Fund Growth Rs 15,000 (July 2021) Kindly advise whether current funds are good or should switch to some other.
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Dear Sir, I am 40 year old, my take home is 1.41 lacs per month. I have 11 year old daughter and 3.5 year old son. I am investing 12.5k per month in SSY (27 lacs in total) and 12.5k per month in PPF (6 lacs in total). Investing around 4k in SIP in index fund (1.2 lacs) and I have around 30 lacs in FD. I have taken 1cr term insurance and have 10lakhs health insurance for family. FD is not giving me satisfactory returns and not beating the inflation. I am planning to invest 25 lacs in buying a site. I don't have any loans and don't have major commitment other than children education. I request you to guide me on future investments, I would like to get a constant income of 1-1.5 lacs PM after 5-6 years.
Ans: Hi Ajay, understand the SSY and PPF are also not givin you enough returns, your SIP in index funds and FD all are ineffecient return making assets. Buying a site will not ensure liquidity when you will need it the most, and 10L health insurance for a family of 4 is low as well.
Having a constant income of 1-1.5L p.m. means annually 12-18L of income, and to have a passive income like that, your corpus should be 15-16x of the annual income --> which means we are looking at 1.8Cr to 2.7Cr of corpus in the next 5-6 years.
There are a lot of flaws in your investment strategies because at one place you are wanting to lock in money at a site, in SSY and PPF and on the other you are looking to earn 1-1.5L p.m. which is possible through liquid investments.
I would love to help you out, but to me it feels like there is a gap in the knowledge about investments and personal finance. If you are wanting to have a detailed conversation about your investments and where you can park your money to grow it to have the monthly income you want after a certain number of years, visit my website www.slwealthsolutions.com

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I m a 44 yrs old . My salary 85k net per month. Rent income 1.20 lakh per month. Fixed deposit 46 lakh PPF 21.35 lakh Lap loan 46.50 lakh OD loan 6.50 lakh. Mutual funds 2.75 lakhs Shares 3.25 laks Property in Noida, jewar, dwarka , Rohini and faridbad. My wife is earning 50k per month but not contributing in assests we spend his salary on vacations and foods and cloths as she don't want to save. According to her it is my responsibility to provide foods and investment. At this age I m going to lose my jobs. I can manage all things with rental but how can I build up financial assets from here on and my triple source like salary, rental and interest helps me a lot in past. I m simple man with basic needs no extra expenses on me. But kids are in college in class 9 how can I build assests and ensure their good education
Ans: Hello Sanjiv, you have a lot of money parked in debt instruments like FD, PPF and not-liquid assets like properties as well. I would advise you to calculate your income from each asset on a yearly basis in % terms. I think that will give you a true picture of what you are earning as of now vs what you can earn in equity mutual funds which are managed by professionals.
We can have a detailed conversation around your situation and I can help you understand what re-shuffling can be done in your asset portfolio (with continuing rental+interest income) with greater capital appreciation, visit my website www.slwealthsolutions.com if you are interested

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