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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Jan 14, 2022

Mutual Fund Expert... more

Question by Biraj on Jan 14, 2022Hindi

Money

I am a newbie and read your articles regarding mf investments and also great fan of yours.

I would like to make 1Cr. in next 15 years.

I am 43 years old started making SIP in following funds.

Kindly correct me in case of switch to required better funds.

Mutual Funds Amount

1. BNP Paribas India consumption growth fund eqity 2500

2. Hdfc banking and financial service growth fund equity 2000

3. ICICI Prudencial flexi cap fund growth 1000

Ans: You would need SIP of Rs 18K to achieve the required target in 15 years.

The funds that may be considered are:

Mutual Funds	Plan
Dsp Focus Fund	Growth
Axis Esg Equity Fund	Growth
Motilal Oswal S&p 500 Index Fund	Growth
Uti Flexi Cap Fund	Growth

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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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Sep 21, 2022

Question by N - Sep 21, 2022Hindi

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My age is 56 years. I have the following investments in MF through SIPs. Kindly advise me, details below: UTI Flexi Cap Jun-20 5000 Axis Mid Cap Feb-21 5000 PPFAS Flexi Cap May-21 5000 Axis ESG Jun-21 5000 DSP Quant Fund Aug-21 5000

Ans: These are good funds, please continue.

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Question by Garg - Oct 06, 2022Hindi

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HALLO I AM PURSHOTTAM LAL AND MADHUBALAINVESTOR LAST 20 YEARS IN MF SCHEME. MY COMBINED INVEST FOLLOWING MFS: 1.ADITYA BIRLA SUN LIFE FOCUSED EQUITY FUND ( SIP AMOUNT 2000)/PM/21-01-2013 TO 21-01- 2025) LUM SUMP -25000/( WHEN MARKET WAS FALLEN ) 2.AXIS BLUE CHIP FUND ( SIP AMOUNT 5000) 17/3/2020 TO 17/3/2025. LUM SUMP = 25000 @ 34.50 ( 18/9/2020) 3.AXIS MULTI CAP FUND DIRECT PLAN LUM SUMP- 20000@9.39 ( DATE OF INVESTMENT 4-12-2021/26-05-2022) 4.CANRA ROBECO EQUITY TAX SAVER FUND REGULAR PLAN SIP AMOUNT 2000/ FROM 7-07-2011 TO 7-06-2030 5. DSP FLEXI CAP FUND (SIP AMOUNT 2500/PM) FROM 25-08-2020 TO 25-08-2030) 6.DSP TAX SAVER FUND DIRECT PLAN ( 10 YEAR COMPLETE) SIP AMOUNT 2500/COMPLETE ON 10-7-2022) PLESE TELL ME DSP TAX SAVER FUND SELL IT OR HOLD/NEXT 5 YEARS 7. ITI VALUE FUND LUM SUMP -20000 8. ICICI PURDENTIAL HEALTHCARE EETF FUND ( LUMSUMP 10000( 1.5 YEARS AGO) 9. MAHINDRA MANULIFE BALANCEDADVVANTAGE YOGNA LUM SUMP 10000/23-12-2021 10.UTI FOCUSED EQUAITY FUND-------LUMMP- SUMP-20000 ( 25-8-2021) PLEASE TELL ME 7 TO 10 Sr No FUNDS SELL IT OR HOLD IT OR SWITCH IT?

Ans: Hello Garg pankaj kumar. My recommendation would be to switch to better schemes of the same AMC for ICICI & UTI.

ITI & MAHINDRA MANULIFE should be redeemed and reinvested in better schemes of different AMCs.

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Head, Rank MF - Answered on Dec 07, 2022

Question by Pavan - Dec 07, 2022Hindi

Money

I have been investing in the below mentioned MF SIP schemes my goal is to have 1CR by the time i am 50 yrs my doubts are: 1. Is the below MF enough or is it too much? If i have to close some funds which ones to close? 2. I have a housing loan of 65 lakh can i use the MF investment to clear the same? My MFs are as below: HOLDINGS AS ON 1st November 2022 Scheme Name Invested Value Current Value Returns XIRR HDFC Retirement Savings Fund Equity Plan Direct Growth 14999.24 16559.71 1560.477307 16.43% UTI Long Term Equity Fund Direct Growth 19498.88 20326.63 827.7535724 7.16% Parag Parikh Flexi Cap Fund Direct Growth 14999.2 15473.93 474.7245131 4.92% Motilal Oswal Asset Allocation Passive FoF Aggressive Direct Growth 999.95 1052.04 52.0888116 4.48% IDFC Tax Advantage (ELSS) Direct Plan Growth 13999.37 15039.63 1040.257178 12.98% Kotak Bluechip Fund Direct Growth 19499.65 20814.18 1314.536521 11.31% Canara Robeco Equity Tax Saver Direct Growth 13999.17 14879.03 879.8574 10.95% Kotak Tax Saver Fund Direct Growth 27998.71 30544.75 2546.042107 15.29% Aditya Birla Sun Life Corporate Bond Fund Direct Growth 32498.55 33342.47 843.9236482 4.44% Mirae Asset Tax Saver Fund Direct Growth 29998.51 31241.27 1242.76146 6.81% Canara Robeco Equity Hybrid Fund Direct Growth 13998.83 14727.89 729.06493 9.12% Kotak Multicap Fund Direct Growth 12999.35 14462.41 1463.060518 19.21% SBI Balanced Advantage Fund Direct Growth 20999.01 22217.09 1218.079844 9.96% UTI Flexi Cap Fund Direct Growth 32498.81 32324.14 -174.6719205 -0.87% SBI Multi Asset Allocation Fund Direct Growth 27998.57 29453.48 1454.907578 9.19% Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth 11999.4 12200.07 200.666444 3.01%

Ans: Further details required

Present age

Monthly Investment / SIP

There is no need to disclose your folio numbers.

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Question by Manoj - Mar 29, 2023Hindi

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Hello Sir , My Self Manoj ,I am 40 years old a salaried person , and investing in MFs Since 5.5 years I have below current ongoing investments Aditya Birla FlexiCap Fund -- 7000 p.m.(SIP) HDFC Midcap Opportunities fund ---4000 p.m.(SIP) HDFC Hybrid Equity Fund ----2000 p.m.(SIP) DSP mid cap fund ---2000 p.m.(SIP) DSP Select Focus Fund ---2000 p.m.(SIP) DSP Small Cap Fund 3000 p.m.(SIP) Kotak Equity Opportunities Fund ---2000 p.m.(SIP) SBI Blue Chip Fund -----64000 (lumpsome) SBI Small cap fund ----2000 p.m.(SIP) Nippon India small cap fund ----2000 p.m.(SIP) Invesco Small cap fund ---1000 p.m.(SIP) Tata Small cap fund ----1000 p.m.(SIP) Mahindra Unnati Emerginf Business yojana ----2000 p.m.(SIP) Tata Balanced Advantage Fund -----50000 Mirae Asset Mid cap Fund ---2000 p.m.(SIP) ICICI Flexicap fund -----70000 (lumpsome) DSP Equity and Bond Fund---- 32000 (lumpsome) DSP Dynamic Asset Allocation Fund ----23000 (lumpsome) Sundaram Emerging small cap series1---17000 (lumpsome) Sundaram Services Fund---500 p.m.(SIP) Tata Flexicap Fund ----17400 (lumpsome) Baroda BNP Paribas Flexicap Fund ----50000 (lumpsome) Icici Blue chip Fund ---400 p.m.(SIP) Edelweiss small cap fund ----2000 p.m.(SIP) Axis Flexicap Fund ----19000 (lumpsome) Sundaram Small cap fund ----98000 (lumpsome) ICICI mnc fund---- 6000 (lumpsome) Axis mid cap fund ---500 p.m.(SIP) Canara Robeco small cap fund -----1000 p.m.(SIP) BOI small cap fund ----1000 p.m.(SIP) Aditya birla multicap fund----50000 (lumpsome) Kotak Multicap fund -----25000 (lumpsome) HDFC world indexes fund of fund---10000 (lumpsome) SBI Multicap fund ---1000 p.m.(SIP) PGIM India mid cap oppportunities fund ---1000 p.m.(SIP) Axis small cap fund ----500 p.m.(SIP) Edelweiss focused equity fund ---21000 (lumpsome) UTI flexicap fund ---3000 p.m.(SIP) Quant Large cap fund ---25000 (lumpsome) IDFC mid cap fund ---25000 (lumpsome) White Oak mid cap fund ---20000 (lumpsome) Sundaram Flexicap fund ---700 (lumpsome) Canara Robeco mid cap fund ---2000 p.m.(SIP) Mahindra small cap fund---2000 p.m.(SIP) Total amount of SIP is roughly around 45k per month, Since December 2016 till the date now my investment corpus in Mutual Fund has been now 30.5 lakhs , also i have 30k invested in direct stocks in Indian equity Market. I have 3 LIC policies and 1 term insurance policy of 1 crore cover,I have Bank FDs in nationalised bank for about 27 lakhs , and 3 lakhs in PPF My Goals are 1) 2 crores for my children's marriage and education 2) 2 crores for buying home 3) 4 crores for retirement life (after 10 years) In total i want to generate 8 crores in next 10 years. Kindly suggest if i would be able to achieve the goals in next 10 years,and changes if required any Regards Manoj

Ans: Hello Manoj,

It's great to see that you've been disciplined with your investments and have built a sizable corpus already. To assess if your current investments will help you achieve your goals of 8 crores in the next 10 years, let's take a closer look at your financial situation and goals.

Current Investments:
Mutual Funds: ~30.5 lakhs
Direct stocks: 30k
LIC policies and term insurance: Not considered for investment purposes
Bank FDs: 27 lakhs
PPF: 3 lakhs
Total: ~60.5 lakhs
Monthly SIP investments: ~45k
Now let's analyze your goals:

Children's marriage and education: 2 crores
Buying a home: 2 crores
Retirement life (in 10 years): 4 crores
Total: 8 crores
Assuming an average annual return of 12% on your equity investments, here's a rough projection of your portfolio's growth:

Current investments (60.5 lakhs) in 10 years: ~1.87 crores
Monthly SIPs (45k) in 10 years: ~1.05 crores
Total: ~2.92 crores
Based on this calculation, you would not reach your goal of 8 crores in the next 10 years. However, you can consider making some changes to improve your chances:

Reassess your goals: Consider if your goals are realistic and if there's any flexibility in the amounts or timelines.
Increase your SIP investments: As your salary increases, try to increase your SIP investments to accelerate your portfolio's growth.
Rebalance your portfolio: Regularly review your portfolio to ensure it's aligned with your risk appetite and financial goals. This may involve reducing the number of funds or shifting the allocation between equity and debt.
Monitor fund performance: Keep an eye on the performance of your funds and consider replacing underperforming ones.
Remember that financial planning is an ongoing process, and it's essential to periodically review and adjust your strategy. It's also a good idea to consult with a professional financial advisor to get personalized advice for your specific situation. While it might be challenging to achieve 8 crores within 10 years, these suggestions may help you get closer to your goals.

Best regards,

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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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