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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Feb 06, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Asked by Anonymous - Jul 01, 2023Hindi

Money

Hi Mr. Parikh, I am 41 yr male. I have a monthly MF contribution of 14K: 1. Mirae Asset Tax (G)- 2000/m 2. Quant Tax Saver (G)-2000/m 3. Canara Robeco Tax Plan (G)-2000/m 4. Parag Parikh Tax Saver (G)- 2000/m 5. Nippon India Multi Cap (G)- 1000/m 6. PGIM India Mid Cap (G)- 2000/m 7. Quant Flexi Cap (G)- 2000/m 8. Quant BFSI Fund (G)- 1000/m 9. NPS contribution- 50000/yr I have LIC of 6 Lakhs SA, a Term plan of 25 Lakhs & a Health Plan of 25 Lakhs. Sir, I have the future commitments coming: a) Daughter's 12+ Education starting in 2028. b) Daughter's Marriage in 2040. c) Post retirement commitments. (after 2037). Sir, I am Ok with taking risk as my horizon is for long term. Sir, please suggest some more MF as I want to add another 6000/m to make it 20K/m. Please evaluate my current portfolio and suggest names of new MF to invest. Thanks

Ans: Currently, your portfolio is overly diversified in a similar category funds (ELSS), although the funds are well performing and have delivered decent returns till date. The ongoing SIPs in these funds will help you in accomplishing your goals along with tax savings but we recommend you to reduce the funds to two. The other funds in your portfolio are also fundamentally strong and decent performers. Hence, we recommend you to not introduce new funds in your portfolio and allocate the additional SIPs amount in the existing funds.

For your post retirements commitments, NPS is a good investment asset class as it will maintain your cashflows. You also have a decent health insurance for medical uncertainties but I recommend you to increase the term plan to 1 Cr.

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 Pranjal - May 09, 2023Hindi

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Sir, I am 40 yrs male & have monthly contribution in MF in following manner: 1. Mirae Asster Tax Saving (G)- 2000/- 2. Quant Tax Plan (G)- 2000/- 3. Parag Parikh Tax Saver (G)- 2000/- 4. Canara Robeco Tax Saver (G)- 2000/- 5. ABSL PSU Equity Fund (G)- 1000/- 6. Nippon India Liquid Fund (G)- 1000/- More over I have monthly contribution to NPS: 7. Through Corporate - 3500/- 8. Individual Contribution- 4000/- (50 K/yr in total) Sir, Please review my current portfolio and also suggest MF which I want for the following horizon: A) Daughters education (UG) - 10 yrs B) Daughters education (PG) - 12 yrs c) Retirement Corpus - 20 Yrs. I can invest 20K more per month apart from the existing contribution. I am OK with moderate to higher risk as I want stay invested for 15-20 yrs. Regards, Pranjal Sarma

Ans: Hello Pranjal. Your current portfolio diversification sounds good except ABSL PSU Equity Fund. With multiple goal align in next 10-20yrs. I would suggest to consider small cap , midcap , and flexicap categories for your additional portfolio.

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Asked by Anonymous - May 13, 2023Hindi

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Sir, I am 40 yrs male & have monthly contribution in MF in following manner: 1. Mirae Asster Tax Saving (G)- 2000/- 2. Quant Tax Plan (G)- 2000/- 3. Parag Parikh Tax Saver (G)- 2000/- 4. Canara Robeco Tax Saver (G)- 2000/- 5. ABSL PSU Equity Fund (G)- 1000/- 6. Nippon India Liquid Fund (G)- 1000/- More over I have monthly contribution to NPS: 7. Through Corporate - 3500/- 8. Individual Contribution- 4000/- (50 K/yr in total) Sir, Please review my current portfolio and also suggest MF which I want for the following horizon: A) Daughters education (UG) - 10 yrs B) Daughters education (PG) - 12 yrs c) Retirement Corpus - 20 Yrs. I can invest 20K more per month apart from the existing contribution. I am OK with moderate to higher risk as I want stay invested for 15-20 yrs. Regards, Pranjal Sarma

Ans: Hello Value Investor. Your current portfolio diversification sounds good. With multiple goal align in next 10-20yrs. I would suggest to consider small cap , midcap , flexicap and large cap categories for your additional portfolio.

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Asked by Anonymous - Apr 03, 2024Hindi

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I am 50 working professional. Below is my MF portfolio . 1. Parag Parikh Flexi Cap Fund 2.6 lakhs + 10K SIP 2. PGIM India Midcap Opportunities Fund 1.85 L Value + 5K SIP 3. Quant ELSS Tax Saver Fund 80K 4. Axis Small Cap Fund 1.85 Lakhs Value + 5K SIP 5. Axis Gold Fund 75K Value + 5K SIP 6. Canara Robeco Bluechip Equity Fund 70K 7. Quant Multi Asset Fund 50K 8. SBI Magnum Income Fund 50K 9. ICICI Prudential Equity & Debt Fund 50K 10. Quant Active Fund 50K 11. ICICI Prudential Bluechip Fund 25K I want to build a retirement corpus of 2 crore in 10 years. I am planning to invest around 50K every month. Plus i have. surplus of 4Lakks which i want to invest in few of the MFs above. Planning to exit Canara Robeco bluechip and Axis Small cap soon. Please suggest if any changes you want me to do.

Ans: Given your goal of building a retirement corpus of 2 crores in 10 years and your current portfolio, here are some suggestions:

Increase SIP Contributions: Consider increasing your SIP amounts in high-performing funds like Parag Parikh Flexi Cap and PGIM India Midcap Opportunities Fund, which have shown good potential for long-term growth.

Review and Consolidate: Evaluate the performance of all your funds and consider consolidating your portfolio to fewer, well-performing funds to simplify management and potentially enhance returns.

Focus on Quality: Prioritize funds with strong track records, consistent performance, and experienced fund management teams. Consider adding large-cap and diversified equity funds for stability and balanced growth.

Asset Allocation: Ensure a balanced asset allocation across equity, debt, and gold funds based on your risk tolerance and investment horizon. Reallocate surplus funds strategically to maintain a diversified portfolio.

Regular Review: Monitor your portfolio regularly and make adjustments as needed based on changes in market conditions, fund performance, and your financial goals.

Consider consulting with a financial advisor for personalized advice tailored to your specific circumstances and goals.

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Hope this helps

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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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