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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on May 13, 2022

Mutual Fund Expert... more

Question by Harish on May 13, 2022Hindi

Money

I am 37 years old. I have been investing in Mutual Funds since June 2017. I am an aggressive investor ready to take risks. My investment horizon is long term. I am investing for my Son's higher education which is 13 years away and also for my retirement which is 23 years away. My portfolio comprises of the following mutual funds.

1) HDFC Midcap Opportunities fund Regular growth - ₹4100/- per month with top up of 10% every year.

2) L&T hybrid equity fund Regular growth - ₹5000/- per month with top up of ₹500/- every year.

3) Aditya Birla Sun Life pure value fund Regular growth - ₹4500/- per month with top up of ₹500/- every year.

4) L&T Midcap Fund Regular growth -₹6000/- per month with top up of ₹500/- every year.

5) L&T Emerging Businesses Fund Regular growth -₹6000/- per month with top up of ₹500/- every year.

6) L&T Tax Advantage fund Regular growth -₹4500/- per month with top up of₹500/- every year.

7) Aditya Birla Sun Life Tax Relief '96 fund Regular growth - ₹5000/- per month with top up of ₹500/- every year.

8) UTI Flexi Cap fund Direct growth - ₹1000/- per month.

9) DSP Midcap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.

10) DSP Equity Opportunities fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.

11) DSP Flexi Cap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.

12) Aditya Birla Sun Life Equity Advantage fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.

13) Aditya Birla Sun Life Flexi Cap fund - Direct growth - ₹1000/- per month with top up of ₹1000/- every year.

14) ICICI Prudential Technology Plan Direct growth - ₹1000/- per month.

15) Nippon India Small Cap fund Direct growth - ₹1000/- per month with top up of ₹500/- every year.

16) Kotak Emerging Equity fund Direct growth plan - ₹1000/- per month with top up of ₹500/- every year.

17) L&T Flexi Cap fund Direct Growth plan - ₹1000/- per month.

Am I on the right track/path of investing? Please suggest necessary changes in the above portfolio if any or should I continue with the above mutual funds.Also suggest which funds should I Add/Remove from the above portfolio.

Ans: Too many funds, keep 1 fund in same / similar category. No further addition please!

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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Question by Madan - Nov 30, 2022Hindi

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Hi Sir, I am 38 years old and the following are my investment portfolio: Kotak Mulitcap Fund (G) 1000/- UTI -nifty 50 index Fund (G) 2000/- AXIS Midcap Dund (G)3000/- HDFC Top 100 Fund (G) 3000/- Kotak Flexi cap fund (G) 2500/- DSP Equity & Bond Fund (G) 3000/- SBI Focused Equity Fund (G) 3000/- AXIS Bluechip Fund (G) 2500/- Please let me know if I need to change anything in the above list, I am investing in these Mutual funds for longer term and gains.

Ans: Hello Madan Rao. Looking at your portfolio. I would advice reconsider your schemes of AXIS Bluechip Fund, HDFC Top 100 Fund & Kotak Flexi cap Fund to better alternative peer schemes.

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Question by chittanand - Mar 28, 2023Hindi

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Ans: Hello Mr Chittanand , Glad to see you are already into investing. Kindly reduce number of schemes and same nature schemes. As far as shares are concerned portfolio looks good but do book profits when you get them.
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Question by Ashutosh - Feb 20, 2024Hindi

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I am Ashutosh 48 yrs old ex-serviceman banker. For retirement plan I am investing in mutual funds all growth direct as follows.total invested 9 lakh since 2018. Now it's became 13.4 lakhs SBI small cap 2000 Sbi mid large cap 2000 Sbi focus 2000 Sbi nifty index 3000 Axis Blue chip 2000 Axis elss 2000 Axis growth opportunities 2000 Nippon India mid 150 index 3000 Nippon India small 250 index 3000 Parag parikh flexi 4000 How the my investment. I am aggressive invester.

Ans: As an aggressive investor, your portfolio appears well-diversified across various mutual funds, including small-cap, mid-cap, large-cap, index funds, and flexi-cap funds.

Since you're comfortable with taking on higher risk, this allocation aligns with your risk appetite. However, it's essential to regularly review the performance of your funds and ensure they continue to meet your investment goals. Consider rebalancing your portfolio periodically to maintain optimal diversification and adjust your strategy as needed based on market conditions and your evolving financial objectives.

Consulting with a financial advisor can provide additional insights and help ensure your investment strategy remains aligned with your long-term goals and risk tolerance.

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Question by Sanjeev - Oct 04, 2024Hindi

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Hi Myself Sanjeev Kumar from Himachal Pradesh, I am in mutual funds from last 3 years on below mutual funds 1. Aditya birla multicap fund (regular growth) ---- Rs 1000 monthly 2. Invesco India flexi Cap fund (Plan growth) ------ Rs 1000 monthly 3. Invesco India Multicap fund (regular growth) ---- Rs 1000 monthly 4. Kotak multicap fund (regular) ------------------------- Rs 1000 monthly 5. Kotak emerging equity fund (growth) --------------- Rs 1000 monthly 6. Kotak ELSS tax saver fund ------------------------------- Rs 500 monthly 7. Union tax saver fund (ELSS) ---------------------------- Rs 1500 monthly 8. Bandhan Nifty 200 momentum 30 index fund (regular plan) --- Rs 1000 monthly (started a month ago) Apart from above, I am investing in below also 1. PPF ---------------- 1.5 lac annually 2. NPD ---------------- 0.5 lac annually 3. LIC ----------------- 0.5 lac annually Si/mam i want to ask is my portifoilio good enough to produce at least 60- 70 lakhs in next 10-12 years returns or some reshuffling is required. If yes kindly suggest some good funds. Hoping to hear from you soon Thanks

Ans: Hello;

Your mutual fund monthly sip of 8 K need to be increased to 10 K ( maybe you can add 2 K additional investment in Kotak ELSS tax saver fund).

PPF and other investment should continue as planned.

This will ensure your MF corpus + PPF will reach 60 L+ in value over 12 years.

LIC policy maturity sum and NPD will be bonus.

Funds are good. No need to change.

Happy Investing;

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Question by lavan - Feb 26, 2025Hindi

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Hi, I'm Lavan Kumar, i'm 34 year old married, one daughter of 6yr old. my current take home salary is 80k. my current PF balance as on Jan'25 is 8.5L Holding 1Cr term insurance with a premium of 18K per annum medical premium of 40k per annum for my family ( including parents). PPF Balance is 1.18L, investing around 20K per year investing in NPS from Dec'22 onwards and currently holding 2L and investing 50K every year and also investing 4500 monthly through employer from my salary( above mentioned sal is excluding this amt) Investing 9k per month in 5 mutual funds 1.Kotak infrastructure and Economic reform fund - 2k 2.Quant infrastructure fund -2k 3.Bandhan sterling value fund - 1k 4.SBI long term equity fund - 2k 5.Quant Multi Asset fund - 2k Paying LIC of 27K per year for 10L sum assured. currently holding a personal loan with an EMI of 27k per month, same will be closed by Dec'25. Please guide me on how to achieve 1Cr in next 10 years and where to invest to achieve my target.

Ans: Hello;

You may be able to achieve 1 Cr corpus in the following manner;

1. Do a flat monthly SIP of 50 K for 10 years.

2. Begin with a monthly sip of 15 K and step it up every year by 30% minimum.

Other option is to do a flat monthly sip of 20 K for 17 years to achieve 1 Cr.

A modest return of 10% is considered.

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Question by Ramesh - Feb 13, 2025Hindi

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I have sold a flat on 12th Feb2025 for Rs.65 lacs. I have bought this for Rs.11 lacs on 5th April 2005. I do not wish to buy another property . I wish to invest in Capital Gains Tax Saving Bonds. I am 72 years old. How much is the LTCG ? How much do I need to invest in the CG Tax Saving Bonds to minimise the tax ? What will the tax amount payable ? Thanks and regards

Ans: 01. Based on available information, you may opt for LTCG with Indexation.
02. CG Tax Saving Bonds may be purchased for Rs.30.00 lakh. It may reduce your tax payment significantly.
03. Please ensure to : (a) Purchase of Bonds with in 6 months from the date of sale of property & (b) Filling of your ITRs in time.
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sir, I want to check how much money i have in my IT file . i want to purchase land, so want to make confirm is their sufficient amount in file. For this which amount i have to check. Please advice.

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I sold a property for Rs130 lacs in this month. I bought it for Rs.18 lacs in August 2005. I bought in joint name of self and spouse. I got the sales payment equally in both names. We do not wish to buy another property as I am over 70 years of age and my wife over 67 years. How much should we each invest in CG Tax saving bonds to get exemption ? Both of us are filing returns separately.

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Hi My father purchase ist and barsati floor in 1986 @ 2 lac... He made 3rd floor construction... We dont have construction expenses bills Now he want to sell@ 10 lac each floor to 3 indiviual buyers, means total 30 lac sale considration ., how it can be shown in income tax... Will 2 lac buy value is divide in 3 floor?

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Question by shraddha - Feb 22, 2025Hindi

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Hello Sir, I am 35 year old working women & having SIP of 51K for 15 years. I started it 2 years before.(Current amount is 14L) My salary is 85K per month. I have 10 years daughter. I have currently purchased 2BHK home having home loan of 50L for 15years.My target is close the loan in next 5 years. Rent is coming 15K. EMI is 70K.(35K husband pays the EMI).NPS is 50K yearly. LIC 35K yearly. I want to retire by 2036 with amount of 2cr.Please suggest.

Ans: Hello;

With your current sip of 51 K you may be able to achieve a corpus of 2.13 Cr in 15 years time frame. (Assuming modest return of 10%).

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Till now I was filing income tax returns every year including the rental income for a flat jointly owned by me and my wife. For AY 2024-25, the rent was included in my wife’s ITR for convenience and no ITR wea filed by me as I had no other income. Is this ok?

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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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