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Sudhanshu Singh |5 Answers |Ask -Follow

Answered on Apr 12, 2022

Question by Pranavati on Apr 12, 2022Hindi

Money

My MF journey began some 5 years ago and I have a pretty diversified portfolio.

I need to grow my money quickly and so planning to go for top up SIPs in solid funds. Somebody told me that I cannot do this via SIPs in my existing MF portfolio. Will I need to cancel my existing MF SIPs to do this? My existing portfolio is doing good and I don't want to disturb it. I want create a long term portfolio. Please advise.

Ans: It is wrong to say that it cannot be done by top ups in current SIPs; it can be done. But it is never a good investment method of going for top ups. Let the current portfolio go as it is going and see your money go up gradually. For growing your money quickly, I will suggest to find new upcoming NFOs in good AMCs and start a fresh long term portfolio in growth-based equity mutual fund that will achieve your targets.

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 investing through monthly SIP @ Rs 5,500 since the last 10 years in the following MFs. Please suggest whether the same portfolio may be continued or any changes are required. 1. SBI Contra Fund Regular Plan -- Dividend 2. SBI Contra Fund Regular Plan -- Growth 3. SBI Equity Hybrid Fund Regular -- Growth 4. SBI Focused Equity Fund Regular -- Dividend 5. SBI Focused Equity Fund Regular -- Growth 6. SBI Magnum Global Fund Regular Plan -- Growth

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Question by HrushikeshPatnaik - May 26, 2021Hindi

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I have been investing in MF since last 5 years with a diversified portfolio. For faster growth, I am interested in topping-up SIPs in good performing funds, but understood that I can't top-up SIPs in already running funds. This has to be by cancelling current SIPs and starting a fresh with top-up instruction. I am not comfortable with this idea as I want to create a long term portfolio and starting afresh will impact growth. Alternate way is to invest lump sums every month through Additional purchase request which I am OK with. Wondering if this is ok if I keep adding additional sum every month through Lump sums along with SIPs in the same funds and in the same folio? Please advice.

Ans: There are options available for top up with AMCs, and it happens automatically without any need to cancel existing schemes and start afresh.

However most of the digital platforms don’t have this option, therefore, if you are comfortable, you may do additional purchases per month in the SIP schemes as lumpsum.

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Question by Ashwani - Sep 26, 2022Hindi

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Good morning sir, I am investing since 4 years in MFs. Sir, I am investing 12000 /month and have a plan to invest next 5 years. May I continue these SIPs? Or is there any requirement to change? 1. Franklin india smaller cap fund-1000 2. HDFC hybrid equity fund -1000 3. HDFC mid cap opportunity fund -1000 4. ICICI prudential long term -1000 5. Invasco india Contra fund-1000 6. Kotak flexi cap regular growthfund -1000 7. Nippon india small cap fund growth -1500 8. SBI blue chip fund-2500 9. SBI megnum children benifit fund -2100

Ans: Hello Ashwani, I can see over diversification with your current investments with 12k sip amount. I would suggest you to consolidate your mf investments and reshuffle the portfolio.

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Question by Mahendra - Jul 07, 2024Hindi

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Hello Sir, I am 34 years old and with 10 years in mind for investment to reach 10CR, I have planned to invest 2 lakh monthly in SIP with stepping up by 10 % every year. I have already invested 15 lakhs in Mutual fund th. SIP, 15 lakhs in shares and 20 lakhs in PPF. and .Shall I increase the already invest amount in MF or shall take 1-2 more MFs scheme like Multi-Cap/Large Cap/another Flexi Cap OR any hybrid MF schemes Would taking 1-2 more MF scheme will overdiversify the portfolio? Can you please suggest some pointers on this.

Ans: Current Investment Analysis
You have invested Rs. 15 lakhs in SIPs, Rs. 15 lakhs in shares, and Rs. 20 lakhs in PPF. Your plan to invest Rs. 2 lakhs monthly with a 10% yearly step-up is commendable.

Assessing Diversification
Adding 1-2 more mutual funds could be beneficial. However, ensure they align with your financial goals and risk tolerance.

Multi-Cap Funds
Multi-cap funds offer exposure across market capitalizations. They balance risk and reward effectively.

Large-Cap Funds
Large-cap funds invest in established companies. They provide stability and steady returns.

Flexi-Cap Funds
Flexi-cap funds have flexibility to invest in any market cap. They adapt to market conditions, optimizing returns.

Avoiding Over-Diversification
Too many funds can dilute returns. Stick to a manageable number, focusing on quality and performance.

Investment Strategy
Step-Up SIP
Continue with your step-up SIP strategy. It will enhance your investment corpus significantly over 10 years.

Hybrid Funds
Consider hybrid funds for balanced risk. They invest in both equity and debt, providing stability and growth.

Final Insights
Evaluate your current funds. Add 1-2 more aligned with your goals. Avoid over-diversification by focusing on quality. Your step-up SIP strategy is excellent for reaching your Rs. 10 crore goal.

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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