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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Sep 14, 2020

Mutual Fund Expert... more
Ashish Question by Ashish on Sep 14, 2020Hindi
Money

I am investing in below mutual funds via SIP. I prefer to be on aggressive to moderate aggressive side. 

1. SBI Equity Hybrid Fund (Since Sep'2019)
2. HDFC Hybrid Equity Fund (Since Sep'2019)
3. ICICI Prudential Equity & Debt Fund (Since Sep'2019)
4. Nippon India Ultra Short Duration Fund (Since Feb'2019)
5. Axis Long Term Equity Fund - Direct Growth (Since Apr'2016)
6. HDFC Equity Fund - Growth (Since Nov'17)
7. SBI Focused Equity Fund - Regular Plan - Growth (Since Dec'2017)

One Time investment in below Fund-
1. DSP Tax Saver Fund (Since Feb'2018)
2. Motilal Oswal Long Term Equity Fund (Since June'2018)
3. Invesco India Financial Services Fund - Direct Plan(Since Jan'20)
4. Nippon India Arbitrage Fund - Direct (Since Jan'20)
5. HDFC Short Term Debt Fund - Direct Plan (Since Jan'20)
6. Franklin India Ultra Short Bond Fund - Super Institutional Plan (Since Jan'20)
7. L&T Focused Equity Fund - Direct Plan (Since Jan'20)
8. ICICI Prudential Bluechip Fund - Direct Plan (Since Jan'20)
9. SBI Dual Advantage Fund Series XXV- Regular Plan - Growth (Since Oct'17)
10. SBI Equity Hybrid Fund - Regular Paln- Growth (Since Oc'17)
11. SBI Banking & Financial Services - Regular - Growth (Since Oct'17)
12. HDFC Mid Cap Opportunities Fund - Growth (Since June'19)
Kindly suggest if these are good to go ahead or do i need to switch any of the above funds.

Ans:
Name of the Fund Category Recommendations
Ashish Rai    
1. SBI Equity Hybrid Fund (Since Sep'2019) Hybrid - Aggressive Hybrid Fund Continue
2. HDFC Hybrid Equity Fund (Since Sep'2019) Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
3.ICICI Prudential Equity & Debt Fund (Since Sep'2019) Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
4. Nippon India Ultra Short Duration Fund (Since Feb'2019) Debt - Ultra Short Duration Fund Continue
5. Axis Long Term Equity Fund - Direct Growth (Since Apr'2016) Equity - ELSS  Continue
6. HDFC Equity Fund - Growth (Since Nov'17) Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
7. SBI Focused Equity Fund - Regular Plan - Growth (Since Dec'2017) Equity - Focused Fund Continue
1.DSP Tax Saver Fund (Since Feb'2018) Equity - ELSS Continue
2.Motilal Oswal Long Term Equity Fund (Since June'2018) Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
3.Invesco India Financial Services Fund - Direct Plan(Since Jan'20) Equity - Sectoral Fund - Banks & Financial Services SmartSwitch to UTI Equity Fund - Growth
4.Nippon India Arbitrage Fund - Direct (Since Jan'20) Hybrid - Arbitrage Fund SmartSwitch to Boi Axa Arbitrage Fund - Growth
5.HDFC Short Term Debt Fund - Direct Plan (Since Jan'20) Debt - Short Duration Fund Continue
6.Franklin India Ultra Short Bond Fund - Super Institutional Plan (Since Jan'20) Debt - Liquid Fund Freezed 
7.L&T Focused Equity Fund - Direct Plan (Since Jan'20) Equity - Focused Fund SmartSwitch to Axis Focused 25 G
(Franklin India Liquid Fund - Super Institutional Plan-growth)
8.ICICI Prudential Bluechip Fund - Direct Plan (Since Jan'20) Equity - Large Cap Fund  SmartSwitch to Axis Bluechip fund -Growth
9.SBI Dual Advantage Fund Series XXV- Regular Plan - Growth (Since Oct'17) Close Ended Fund Close Eded Fund
10.SBI Equity Hybrid Fund - Regular Paln- Growth (Since Oc'17) Hybrid - Aggressive Hybrid Fund Continue
11.SBI Banking & Financial Services - Regular - Growth (Since Oct'17) Equity - Sectoral Fund - Banks & Financial Services SmartSwitch to UTI Equity Fund - Growth
12.HDFC Mid Cap Opportunities Fund - Growth (Since June'19) Equity - Mid Cap Fund Continue
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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Hello sir , I am investing in below mutual funds through SIP. ICICI balanced Advantage 2K HDFC Balanced Advantage 3K Tata Midcap and Largecap 3K Nippon India Small Cap 2K Motilal Midcap 2K ICICI Prudential Commodities 5K Quant Small Cap 5K Is it good funds for long terms ( Horizon of 8/10 years) ? I want to invest more 10K in SIP then which fund should I chose ? Thanks
Ans: Your choice of mutual funds reflects a diversified approach, incorporating a mix of balanced, large-cap, mid-cap, and small-cap funds. Investing through SIPs for a horizon of 8 to 10 years demonstrates a commitment to long-term wealth creation.

To evaluate the suitability of your current funds, consider factors such as historical performance, fund manager expertise, and expense ratios. Additionally, assess whether the funds align with your risk tolerance and investment objectives.

For further diversification and potential growth, you could consider adding a large-cap or flexi-cap fund to your portfolio. These funds typically invest in well-established companies, offering stability and growth potential over the long term.

Before making any investment decisions, it's advisable to consult with a Certified Financial Planner who can provide personalized advice based on your financial situation and goals. Remember, periodic review and adjustments to your portfolio may be necessary to ensure it remains aligned with your objectives and market conditions.

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Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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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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