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Hardik

Hardik Parikh  | Answer  |Ask -

Tax, Mutual Fund Expert - Answered on May 11, 2023

Hardik Parikh is a chartered accountant with over 15 years of experience in taxation, accounting and finance.
He also holds an MBA degree from IIM-Indore.
Hardik, who began his career as an equity research analyst, founded his own advisory firm, Hardik Parikh Associates LLP, which provides a variety of financial services to clients.
He is committed to sharing his knowledge and helping others learn more about finance. He also speaks about valuation at different forums, such as study groups of the Western India Regional Council of Chartered Accountants.... more
S Question by S on May 04, 2023Hindi
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I have the following mutual fund. Please suggest whether to hange to other fund or hold the sameName of fund Units Rate on Purchase Purchase Single investment 30.4.23 Rate Date SBI Focused Equity Fund Regular Growth 645 217.73 227 4.8.22 SBI Blue Chip Fund Regular Plan Growth 822 61.75 60.84 4.8.22 SBI Multicap Fund Regular plan Growth 34953 10.05 10.59 4.8.22 HDFC Tax Saver Direct Plan Growth Option 40000/- 9.3.20 HDFC Developed World Indexes FundOf Fund 50000/- 21.10.21 HDFC Equity Savings Fund Direct Plan Growth 70000/- 21.10.21 HDFC Nifty Next50Index Fund direct growth 50000/- 3.11.21

Ans: Hello,

I understand that you have invested in multiple mutual funds and are seeking advice on whether to hold or change your investments. As a financial advisor, I would like to offer you some guidance on this matter. Please note that my suggestions are based on general principles and not specific to your financial goals or risk tolerance.

SBI Focused Equity Fund Regular Growth: This fund primarily invests in a concentrated portfolio of equity and equity-related securities. As the name suggests, it is a focused fund with exposure to a limited number of stocks. If you're comfortable with the risk associated with concentrated portfolios and believe in the fund manager's stock-picking ability, you can continue to hold this fund.
SBI Blue Chip Fund Regular Plan Growth: This is a large-cap fund that invests in well-established companies. Large-cap funds typically offer stability and lower volatility compared to small and mid-cap funds. If you are looking for a relatively safer equity investment, you can hold on to this fund.
SBI Multicap Fund Regular plan Growth: Multicap funds invest across market capitalizations, providing diversification benefits. If you want to maintain a balanced exposure to various market segments, you may continue to hold this fund.
HDFC Tax Saver Direct Plan Growth Option: This is an Equity Linked Saving Scheme (ELSS) that offers tax benefits under Section 80C of the Income Tax Act. The lock-in period for ELSS funds is 3 years, and if you're looking for tax-saving investment options, you can consider holding this fund.
HDFC Developed World Indexes Fund of Fund: This fund provides international diversification by investing in developed market equities. If you want to diversify your portfolio beyond Indian equities, you can hold this fund.
HDFC Equity Savings Fund Direct Plan Growth: This fund invests in a mix of equity, debt, and arbitrage opportunities, making it suitable for investors with a moderate risk appetite. If you are looking for a balanced fund with a mix of asset classes, you can continue to hold this fund.
HDFC Nifty Next 50 Index Fund Direct Growth: This passive fund tracks the performance of the Nifty Next 50 index. If you are interested in low-cost index funds and believe in the potential of the next 50 large-cap companies, you can hold this fund.

In conclusion, your current mutual fund portfolio appears to be reasonably diversified across asset classes and investment styles. However, it is essential to periodically review the performance of each fund and align them with your financial goals and risk tolerance.

Please consult a financial advisor who can provide personalized advice based on your specific needs and circumstances.
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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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.

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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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