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Ulhas Joshi |255 Answers |Ask -Follow

Mutual Fund Expert - Answered on Jun 14, 2023

With over 16 years of experience in the mutual fund industry, Ulhas Joshi has helped numerous clients choose the right funds and create wealth.
Prior to joining RankMF as CEO, he was vice president (sales) at IDBI Asset Management Ltd.
Joshi holds an MBA in marketing from Barkatullah University, Bhopal.... more

Question by manjunath on Feb 09, 2023Hindi

Money

Hi sir my question is building independent house (second house ) for renting out is a good invetment or investing in mutual funds is a good investment. For building house 50 lakh is required which i will raise thru second home loan. or for same EMI (paying to home loan )can i invest in mutual funds in SIP mode.If so what is the minimum return per annum is expected in MF and which is better one Kindly guide me. manju

Ans: Hello Manjunath and thanks for writing to me.

While we see that over the long run, equity investments beat other investment avenues like fixed deposits, one cannot assure any returns.

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 Susheel - May 12, 2021Hindi

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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

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Question by Riddhi - May 12, 2021Hindi

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I am 26 years old. I don't have much knowledge on SIP and Mutual Funds. Currently I will be able to invest around rs. 5000-6000 per month and my goal is for purchasing a house in next few years. I wanted to know which Mutual funds should I opt for in terms of growth and high returns? Also please suggest if I need to increase the amount to invest. Please let me know with regards to SIP, as I won't be able to invest lumpsum amounts and can only invest via SIP.

Ans: Below are few funds that can be considered for monthly investment:

UTI Flexi Cap Fund -- Growth
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Ulhas Joshi |255 Answers |Ask -Follow

Mutual Fund Expert - Answered on Mar 06, 2023

Question by Murgendra - Feb 28, 2023Hindi

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.

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Asked by Anonymous - May 29, 2023Hindi

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I am 62 years old, please suggest MFs/ Other venues to invest Rs 65 lakhs LS and sip of 50000/- PM. I have to repay 40 lakhs housing loan EMI starting from Apr 23' (EMI 40,000/ approx. P.M. period 177 months). Monthly pension - Rs 1,35,000/-

Ans: Hello and thanks for writing to me. I only discuss about mutual funds and no other investment avenues.
I can give you a brief idea about investing via mutual funds but highly recommend that you talk to financial planner as they can guide you according to your own needs and risk profile.

Your pension should take care of your EMI payments and you would have Rs.95,000 which can take care of your day-to-day expenses. Per your request where you invest Rs.50,000 monthly, I guess your monthly expenses amount to Rs.45,000.

You have an investible corpus of Rs.65 Lakh in hand and Rs.50,000 every month.

You can first invest the Rs.65 Lakh in a basket of balanced advantage funds and aggressive hybrid funds. For the Monthly Rs.50,000 SIP's you can consider beginning SIP's in:

1-Edelweiss NIFTY 100 Quality 30 Index Fund-Rs.10,000
2-DSP Quant Fund-Rs.10,000
3-UTI MNC Fund-Rs.10,000
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Hi Ulhas, My monthly SIP is 16500, segregated in quant small cap 10000, SBI focused equity direct fund 2500, ICICI prudential bluechip 2000, pgim India midcap 2000. My home loan emi of 31000 is completing soon. Can I invest this 31000 too in SIPs? And please suggest the funds to invest this 31k. My risk appetite is moderate

Ans: For how many years you want to remain invested ?

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Comprehensive Coverage:

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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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