Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Mar 17, 2020

Mutual Fund Expert... more

Question by Nitpalsingh on Mar 17, 2020Hindi

Money

I request to guide me regarding MF investment. I invest SIP Rs 8000 in following funds.

Fund name Catgory Star Rating

Nitpal Singh

·L&T Equity fund-Reg (G) Rs. 2000 Equity - Multi Cap Funds: 3

·Kotak infra & eco reform fund (G) Rs. 2000 Equity - Sectoral Fund - Infrastructure 1

·Principal Balanced Advantage Fund (G) Rs.2000 Hybrid - Dynamic Asset Allocation 3

·Nippon India (ELSS) Fund (G) Rs 1000 Equity - ELSS 1

·Franklin India - Growth Rs 1000 Equity - Multi Cap Funds: 2

Ans: Better alternatives are available; avoid any Equity - Sectoral Fund – Infrastructure.

Equity – ELSS:

- Canara Robeco Equity Taxsaver Fund - Regular Plan - Growth

- BOI AXA Tax Advantage Fund-Regular Plan- Growth

- Aditya Birla Sun Life Tax Relief '96 - Growth Option

Equity - Multi Cap Funds:

- Motilal Oswal Multicap 35 Fund (MOF35)-Regular Plan-Growth Option

- JM Multicap Fund - Growth option

- UTI - Equity Fund-Growth Option

Hybrid - Dynamic Asset Allocation

- Motilal Oswal Dynamic Fund - Regular Growth

- Axis Dynamic Equity Fund Regular Plan 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.

MoneyReply

You may like to see similar questions and answers below

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 20, 2019

Question by Venkat - Dec 20, 2019Hindi

Money

I have been investing in the following MF for the last more than five years. Kindly let me have your opinion. Name of the Fund Category RankMF Star Rating HDFC Equity Fund Equity - Multi Cap Fund 4 HDFC Capital Builder Equity - Value Fund 3 HDFC Midcap Opportunities Equity - Midcap Fund 3 ABSLFrontline Equity Fund Equity - Large Cap Fund 4 ABSL - MNC Fund Equity - Thematic Fund - MNC 4 ABSL Equity Fund Equity - Multi Cap Fund 4 HDFC Low Duration Fund Debt - Low Duration Fund 2 ABSL Savings Fund Debt - Ultra Short Duration Fund 5 ICICI prudential Value Discovery Fund Equity - Value Fund 2 ICICI Asset Allocator Hybrid - Multi Asset Allocation 4

Ans: You may continue with 4 and 5 rated funds; better options are available in value and midcap categories.

Equity Value Funds: (4-Star rated):

Tata Equity PE fund
UTI value opportunity funds

Midcaps: Suitable options considering quality and value for money at present levels are:

Motilal Oswal Midcap 30
DSP Midcap
Kotak Emerging Equity Fund

Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Oct 06, 2022

Question by Garg - Oct 06, 2022Hindi

Money

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.

Hardik Parikh | Answer |Ask -Follow

Tax, Mutual Fund Expert - Answered on Apr 07, 2023

Question by Manoj - Mar 29, 2023Hindi

Money

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,

Ramalingam Kalirajan |7505 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 24, 2024

Question by Vaman - Jun 22, 2023Hindi

Money

I have following MF investments all regular growth all purchases on initial offer of ten rupees. 1) Aditya Birla Sun Life focused equity fund -1200 units 2)Dsp world gold fund -500units 3)Hdfc banking financial services fund 1200. Units 4) Hdfc defence fund 1000units 5)Hdfc flexi cap fund 50 units 6)Hdfc mid cap opportunity fund 260 units. 7) Hdfc flexi cap fund 30 units 8)Hsbc value fund 450 units 9)Hsbc elss fund 500 units 10) Kotak global innovation fund 1200units 11)Kotak international REIT fund 500 units 12) Kotak flexi cap fund 260 units 13)Nippon India low duration fund 10 14)Sbi blue chip fund 1000 units 15) Sundaram focused fund 1300 units 16)Tata mid cap growth fund 350 units 17)Uti nifty 500 value 50 index fund 18100 units (Units transfered form Uti focused equity fund) 18)Uti mid cap fund 700 Units 19)Uti flexi cap fund 1000 Units 20)Uti Master Share Units 21)Uti nifty 50 equal weight index fund (Latest offer) Sbi infrastructure fund 500 units Following funds are all regular growth from Icici prudential fund. 1) Pharma health care & diagnostic fund 800 Units 2) Manufacturing fund 4300 units 3)India opportunities fund 2200 units 4) Flexi cap fund 5000 Units 5) Housing opportunities fund 2500 units 6) Balanced advantage fund 550 units 7)Psu equity fund 2800 units Sir I want to invest in Uti S&Phousing fund and Icici transaction & logistics fund 1000 units each.. Should I make some fresh investments or invest by transferring from existing Uti fund & Icici fund I am 75 years old. No urgent need of funds. Advise how-to proceed. Redy for taking risk.

Ans: Firstly, let me commend you for your disciplined approach towards investments. Your diversified portfolio reflects a well-thought-out strategy, which is commendable at any age, let alone at 75. It's heartening to see your willingness to adapt and continue investing even at this stage of life.

Given your age and risk appetite, while you're ready to take risks, it's crucial to balance it with the need for stability and liquidity. When considering adding new funds like Uti S&P Housing Fund and ICICI Transaction & Logistics Fund, you have two options: fresh investments or transferring from existing funds.

Transferring from existing holdings might streamline your portfolio, reducing the number of funds to manage. However, this could also entail exit loads or tax implications. On the other hand, fresh investments allow you to diversify further without disturbing your existing investments.

Considering no urgent need for funds, you might explore transferring from funds that might have underperformed or align less with your current investment strategy. Still, I'd strongly recommend consulting with a Certified Financial Planner to ensure a balanced approach that caters to your evolving needs while optimizing returns. After all, life is a journey, and managing your finances is a part of that journey, requiring both wisdom and adaptability.

Latest Questions

Milind Vadjikar |857 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 13, 2025

Question by AVIJIT - Jan 12, 2025Hindi

Money

I HAVE CARE HEALTH INSURANCE BASE POLICY 1000000 FOR 2 A+ 1 K , AGED 60 YEARS, 45 YEAR AND 16 YEARS. AND FROM THE LAST 15 YEARS NO CLAIM. 2023 I PORTED MY MEDICLAIM POLICY FROM NATIONAL INSURANCE TO CARE HEALTH INSURANCE WITH 1000000 L BASE AND 50% NCB. I GOT A RENEWAL ON DEC/24 AND NCB 50% WAS ADDED WITH MY BASE INSURANCE. NOW I WANTED TO TAKE A SUPER TOP-UP OF NIVA BUPA HEALTH RECHARGE OF 90 LAKH . IS IT GOOD FOR MY FAMILY ? PL ADVISE ME .

Ans: Hello;

It is certainly a good proposition.

Just check on the deductible, sub-limits on some diseases if any, cap on room rent, if any. Any exclusions.

Best wishes;

Milind Vadjikar |857 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 13, 2025

Question by AVIJIT - Jan 12, 2025Hindi

Money

I HAVE CARE HEALTH INSURANCE BASE POLICY 1000000 FOR 2 ADULTS 1 KID , AGED 60 YEARS, 45 YEARS AND 16 YEARS. AND FROM THE LAST 15 YEARS NO CLAIM. 2023 I PORTED MY MEDICLAIM POLICY FROM NATIONAL INSURANCE TO CARE HEALTH INSURANCE WITH 1000000 L BASE AND 50% NCB. I GOT A RENEWAL ON DEC/24 AND NCB 50% WAS ADDED WITH MY BASE INSURANCE. NOW I WANTED TO TAKE A SUPER TOP-UP OF NIVA BUPA HEALTH RECHARGE OF 90 LAKH. IS IT GOOD FOR MY FAMILY? PL ADVISE ME.

Ans: Hello;

It is certainly a good proposition.

Just check on the deductible, sub-limits on some diseases if any, cap on room rent, if any. Any exclusions.

Best wishes;

Milind Vadjikar |857 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 13, 2025

Asked by Anonymous - Jan 13, 2025Hindi

Money

For salaried professionals investing in equity, does this market crash affect the benefits of Section 80C investments, such as ULIPs or ELSS, which are tied to market performance?

Ans: Hello;

Anything and everything connected with the market will get affected by market volatility. (ULIPs & ELSS too)

However for investors it is like a grand new year sale.

Continue your regular investments and also do lumpsum, if possible, at every sharp decline.

Only those whose target horizon is near should withdraw their gains from equity funds. They can begin fresh investments for some other financial goal.

Best wishes;

Samraat Jadhav |2164 Answers |Ask -Follow

Stock Market Expert - Answered on Jan 13, 2025

Question by Deepak - Jan 13, 2025Hindi

Money

Tks a lot for the clear answers to my queries regarding transmission of shares. However, I would like some more clarification on custodial account for shares entitled to C. Custodial account for C will mean a brokerage account in name of C under guardianship of B or an account in name of B but under some category called as Custodial accounts? Alternatively, can the shares entitled for C be sold by B as C's legal guardian and then the sale proceeds be brought in India directly in a bank account in name of C under B's guardianship? Thanks in advance for the support.

Ans: A custodial account for shares typically means a brokerage account held in the name of the minor (C) but managed by the guardian (B). This allows the guardian to oversee the account and make investment decisions on behalf of the minor.
Alternatively, the shares entitled to C can indeed be sold by B as C's legal guardian. The proceeds from the sale can then be brought into India and deposited into a bank account in C's name, under B's guardianship. However, it's important to ensure that all legal requirements and permissions are met, especially if the shares are part of a larger estate or property.
Hope this helps.

Rajesh Kumar Singh |36 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Jan 13, 2025

Asked by Anonymous - Jan 03, 2025Hindi

Career

Hello sir,I'm bsc graduate from tier3 clg.i was planning masters but I'm confused whether I should go for MSc ds and ai from mithibai clg or should I go for MCA?Also recently I was going through UPSC Exam details and opportunities.So I wanna know which path is good?

Ans: I believe M.Sc. is better

Prof Suvasish Mukhopadhyay |290 Answers |Ask -Follow

Career Counsellor - Answered on Jan 13, 2025

Asked by Anonymous - Nov 30, 2024Hindi

Career

Hi, I am a 29 year old married man stuck between the career what to do and what not I have good experience in sales of around 6 years but not the proper pay as I am living in a city where there is no big companies no growth in terms of salary and in sales same thing from last 6 years that is 'calling' now I am wish to change the profile to digital marketing as it is in demanding stage and can learn and grow my skills as I am from technical background so please suggest me is it the right to switch the profile or remain in same profile and I am not getting the proper pay in my city but living because my parents are here

Ans: Switching over to digital marketing is not recommended. For your parents you can't move out of the town. I appreciate your caring attitude for your parents, but at the same time unless you go to a big city you can't get a good break. Best of luck. Professor.................................:)

Asked on - Jan 13, 2025 | Answered on Jan 13, 2025

Thanks sir for valuable feedback

Ans: Welcome Dear

T S Khurana |292 Answers |Ask -Follow

Tax Expert - Answered on Jan 13, 2025

Asked by Anonymous - Jan 10, 2025Hindi

Money

I am in the process of buying raw materials from different states for my manufacturing unit. How does the GST structure affect inter-state purchases, and how can I reclaim the input tax credit (ITC) on these transactions?

Ans: 01. All purchases, may be from different states, should have your GST number on it, so that your GST paid is reflected in GSTR-2B.
02. While filing your GST Returns, you can off set your GST liability with the ITC, as reflected in GSTR-2B.
03. Most welcome for any further clarifications. Thanks

T S Khurana |292 Answers |Ask -Follow

Tax Expert - Answered on Jan 13, 2025

Asked by Anonymous - Jan 11, 2025Hindi

Money

Sir, I purchased a flat in 1999 for 3 Lakhs, now in 2025 I am going to sell it for 35 Lakhs. Will there be any Capital Gain Tax on it?

Ans: 01. Yes. This transaction would be subject to Capital Gain Tax.
02. Under present provisions of Income Tax Act, you may opt any of the options (in case of Long Term Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks

T S Khurana |292 Answers |Ask -Follow

Tax Expert - Answered on Jan 13, 2025

Question by Nilima - Jan 12, 2025Hindi

Money

If money is transferred to his mother (non earning Sr Ctz housewife) from Son's account, would the interest income on FD or SCSS investment made by his mother in her name be clubbed with husband's (retired Sr Ctz) income ?

Ans: No. Such income cannot be clubbed with the income of her husband, since the amount was not transferred by her husband to her account.
Most welcome for any further clarifications. Thanks.

T S Khurana |292 Answers |Ask -Follow

Tax Expert - Answered on Jan 13, 2025

Asked by Anonymous - Jan 13, 2025Hindi

Money

If an investor booked a loss in equities during the crash but reinvests in the same stocks within 30 days, how would the wash sale rule affect their tax deductions?

Ans: Wash Sale Rule says that the Shares or Securities, which you first sold in crash market & then repurchased the same/similar securities, your transaction of sold shares will not be treated as a Sale for Income Tax purpose.
Most welcome for any further clarifications. Thanks.

See more questions »

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

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

Sign up

email

uname

mobile no

Country Code

Mobile number

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

Already have an account?

LOGIN

x