Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on May 12, 2021

Mutual Fund Expert... more
Susheel Question by Susheel on May 12, 2021Hindi
Listen
Money

I have a plan to invest Rs. 5000/- each in the following funds on a monthly basis for the next 5 years for the purpose of owning a house in the next 5 or 7 years. Could you please give your advice?

PGIM India Global Equity Opportunities Fund - Growth

Kotak NASDAQ 100 Fund of Fund - Growth

ICICI Prudential Technology Fund - Growth

Tata Digital India Fund -- Growth

Ans: Please continue; these are decent funds

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.
Money

You may like to see similar questions and answers below

Ulhas

Ulhas Joshi  |255 Answers  |Ask -

Mutual Fund Expert - Answered on Mar 06, 2023

Listen
Money
Sir, I am 27 years old and my goal is to buy house of 1 cr after 5 years and collect good amount of money for its down payment at least 50% of it I am planning to start following sip HDFC nifty 50 index fund -15000 HDFC nifty next 50 index fund -15000 Canara robecco ELSS fund -4000 Quant tax plan direct growth -4000 Canara robecco small cap fund-2500 Quant small cap/axis small cap fund -2500 Should I invest more than above specified in funds . Please comment on selection of mutual fund and amount and changes in fund and amount to achieve goal. Thankyou in anticipation.
Ans: Hi Murgendra, thank you for writing in.

I notice you are currently investing around 70% of your funds in index funds, HDFC Nifty 50 & HDFC Nifty Next 50. With this, your portfolio returns will mostly mirror index returns.

You can consider investing Rs.10,000 in HDFC Nifty 50 Index Fund and Rs.10,000 in HDFC Nifty Next 50 Index Fund & invest the balance Rs.10,000 as follows:
1-SBI Magnum Midcap Fund-Growth Rs.5,000
2-Franklin India Smaller Companies Fund- Growth Rs.5,000

This will give you more midcap and smallcap exposure that have the potential to outperform the index and help you generate higher returns.

To create a corpus of Rs.50 Lakh in 5 years, you will need to invest around Rs.60,500 per month, that is increase your SIP’s by Rs.17,500. You need not invest in any new schemes, but simply increase the SIP amounts in the same proportion.

Annual step ups of around 10% will help you achieve your goals faster.
(more)
Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Jun 15, 2023

Listen
Latest Questions
Dr Vinod

Dr Vinod Kumar  |133 Answers  |Ask -

Kidney Health Specialist - Answered on Apr 28, 2024

Listen
Health
Dear Sir, Below is the report of my wife CT SCAN CONTRAST My question is for KIDNEY damage that how much chances are there if kidney stone operation done successfully, means as of now kidney is works or not works. MSCT SCAN OF KUB MSCT imaging was performed using submillimeter thin contiguous axial scan of KUB with oral and I.V. contrast. Coronal and sagittal Reformatted images were obtained. FINDINGS/OBSERVATIONS: Right kidney and ureter: RK measures :72 x 36 mm 4 mm sized calculus (800 HU) is noted in lower calyx of right kidney. Rightkidney shows moderate hydronephrosis with dilated upper ureter with presence of 11.5 x 7 mm sized calculus (1400hu) approximately 3.6 cm distal to the right PUJ. There is seen multiple cortical scarring and thinning of parenchyma involving the right kidney. No renal mass or other lesions. N Left kidney and ureter: LK measures :107x50 mm. No calculi. No hydronephrosis or hydroureter. No renal mass or other lesions. No urothelial lesions: No filling defect, dilation, stricture or wall thickening. Urinary bladder: Well distended. No evidence of calculi or obvious mass lesion. On post-contrast study, both the kidneys shows normal post-contrast enhancement and simultaneous excretion. IMPRESSION: 1. Right kidney shows moderate hydronephrosis with dilated upper ureter with presence of 11.5 x 7 mm sized calculus (1400hu) approximately 3.6 cm distal to the right PUJ. 2. Multiple cortical scarring and thinning of parenchyma involving the right kidney.
Ans: Need to consult an Urologist.
(more)
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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x