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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 06, 2022

Mutual Fund Expert... more

Question by Munendra on Dec 06, 2022Hindi

Money

I have a number of SIPs (in various MFs) worth 1 lakh per month. I want to consolidate the SIPs as below:

Large Cap: 15 K

Mid Cap: 30 K

Small Cap: 15 K

Sector/ tech fund: 10 K

Contra fund: 15 k

Flexi cap: 15 K

Please let me know if I need to correct this scheme. Also, please tell me one fund in each of the above categories to invest in. I can invest for more than 10 years and have no immediate liability in sight.

Ans:

Large Cap: DSP top 100 fund - Growth

Mid Cap: Motilal Oswal Mid cap Fund - Growth

Small Cap: Nippon India Small Cap Fund - Growth

Sector/ tech fund: SBI Technology Opportunities fund - Growth

Contra fund: Kotak India Eq Contra Fund - Growth

Flexi cap: 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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I am 32 years old and started investing in SIP from the year 2022 onwards. I am investing 36000 per month but there are too many funds and want to reduce it to a minimum number of funds. I am planning to create a corpus of around 5 CR at the end through this and invest for the next 20 years. Please suggest what changes/merges I should make. Also do I need to increase the SIP amount to reach this Goal? 1. Parag Parikh Flexi Cap - 5000 2. Axis Growth Opportunities - 2000 3. Axis Triple Advantage - 3000 4. Mirae Asset Emerging Bluechip - 2000 5. Sundaram Equity Savings - 1000 6. SBI Small Cap - 5000 7. SBI Focused Equity - 2000 8. Canara Robeco Emerging Equities - 5000 9. PGIM India Midcap Opportunities - 200 10. DSP Quant Fund - 2500 11. DSP Focus Growth - 2500 12. HDFC Nifty 100 Equal Weight Index Fund - 2000 13. HDFC Tax Saver - 2000

Ans: Please continue with 1, 4, 6, 10

Rs. 36000 SIP is sufficient to create a Rs. 5 crs corpus in 20 years.

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I'm 35 years old and investing SIPs evenly in the following MFs. Please advise if I need to consolidate few of the schemes or move to some other MF. Axis Long Term Equity Fund Axis Midcap Fund Axis Small Cap Axis Global Equity Alpha Fund of Fund Motilal Oswal Nasdaq 100 Fund of Fund Parag Parikh Flexi Cap UTI Equity Fund

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Head, Rank MF - Answered on Sep 19, 2022

Question by Vineet - Sep 19, 2022Hindi

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I started investing in mutual fund back in 2006 with very small SIP amounts and I am 41 now. Currently, I have a MF corpus of approx 30 lakh, with SIP investments in following schemes, though i myself feel i have invested in multiple fund houses or similar portfolios and need your help or guidance with consolidation and then keep a target of 2.5 to 3 crore in next 15 years through Mutual fund only. Currently I am investing 32500 per month through SIPs only. Sr No Fund Name Start Date Amount 1 HDFC Top 100 Fund Growth 20-Sep-06 1000 2 HDFC Top 100 Fund Growth 05-Dec-13 1000 3 SBI BlueChip Fund Regular Growth 25-Apr-16 1000 4 ICICI Prudential Value Discovery Fund Growth 22-Jul-16 1000 5 Kotak Flexicap Fund Growth 23-Aug-17 1000 6 IDBI India Top 100 Equity Regular Fund Growth 05-Jan-18 1000 7 L&T Hybrid Equity Fund Growth 06-Dec-18 1000 8 L&T Hybrid Equity Fund Growth 07-Jan-19 1000 9 Indiabulls Equity Hybrid Fund Regular Growth 12-Mar-19 1000 10 HDFC Mid-Cap Opportunities Regular Fund Growth 01-Jul-19 1500 11 SBI Magnum MidCap Regular Fund Growth 01-Jul-19 1000 12 ICICI Prudential Bluechip Direct Fund Growth 01-Jul-19 1000 13 HDFC Top 100 Fund Growth 27-Oct-19 1000 14 HDFC Hybrid Equity Fund Growth 27-Oct-19 1000 15 Axis Midcap Fund Direct Plan Growth 16-Dec-20 1000 16 Canara Robeco Equity Hybrid Fund Direct Plan Growth 17-Dec-20 1000 17 SBI Magnum Global Fund Direct Growth 17-Apr-21 1000 18 HDFC Flexi Cap Fund Direct Plan-Growth 17-Apr-21 1000 19 Motilal Oswal Focused 25 Direct Growth 17-Apr-21 1000 20 HDFC Flexi Cap Fund -Direct Plan - Growth Option 17-Apr-21 1000 21 SBI Flexicap Fund Direct Growth 17-Apr-21 1000 22 Motilal Oswal Flexi Cap Fund Direct Plan Growth 24-Jun-21 1000 23 Tata Quant Fund Direct Fund 30-Jun-21 500 24 Aditya Birla Sun Life India Gennext Fund Direct Plan Growth 01-Jul-21 1000 25 ICICI Prudential FlexiCap Fund Direct Growth 05-Jul-21 500 26 Mirae Asset Large Cap Fund Direct Plan Growth 01-Sep-21 1000 27 IDFC Corporate Bond Fund Direct Plan Growth 22-Sep-21 1000 28 ICICI Prudential NASDAQ 100 Index Fund Direct 27-Oct-21 1000 29 HDFC Corporate Bond Fund -Direct Plan - Growth Option 09-Dec-21 1000 30 Aditya Birla Sun Life Corporate Bond Fund Direct Plan Growth 09-Dec-21 1000 31 TATA Digital India Fund Direct Growth 25-Dec-21 1000 32 Parag Parikh Flexi Cap Direct Growth 25-Dec-21 1000 33 Kotak Gilt-Investment Fund Provident Fund and Trust-Growth Direct 28-Dec-21 1000

Ans: The funds that can be continued are 15, 16, 26, 27, 28, 29, 30, 32 and 33; 27, 29, 30, and 33 being debt funds and 15, 16, 28 and 32 being equity funds.

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Head, Rank MF - Answered on Oct 17, 2022

Question by Shashank - Oct 17, 2022Hindi

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I am 32 years old and started investing in SIP from the year 2022 onwards. I am investing 36500 per month but there are too many funds and want to reduce it to a minimum number of funds. I am planning to create a corpus of around 5 CR at the end through this and invest for the next 20 years. Please suggest what changes/merges I should make. Also do I need to increase the SIP amount to reach this goal. 1. Parag Parikh Flexi Cap - 5000 2. Axis Growth Opportunities - 2000 3. Axis Triple Advantage - 3000 4. Mirae Asset Emerging Bluechip - 2000 5. Sundaram Equity Savings - 1000 6. SBI Small Cap - 5000 7. SBI Focused Equity - 2500 8. Canara Robeco Emerging Equities - 5000 9. PGIM India Midcap Opportunities - 200 10. DSP Quant Fund - 2500 11. DSP Focus Growth - 2500 12. HDFC Nifty 100 Equal Weight Index Fund - 2000 13. HDFC Tax Saver – 2000

Ans: All are good funds; you may stop 5, 11 & 12 to begin with.

With a monthly investment of Rs 36.5 K the corpus of Rs 4.2 cr can be created.

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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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