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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jun 08, 2021

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Pankaj Question by Pankaj on Jun 08, 2021Hindi
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Sir, recently I have started to invest in Mutual funds. Below funds i have invested please suggest are those are right selection. If not, please suggest which fund I will invest in for the next 13 yrs.

For Retirement - next 13 yrs i will invest

1 Axis Bluechip fund direct plan - growth 1000/-

2 SBI Magnum Medium Duration fund direct -growth -3000/-

3 ICICI asset allocator fund FOF direct - growth - 7000/-

4 ICICI Prudential Saving fund direct plan - growth - 3000/-

5 Tata Retirement saving fund progressive P D- growth - 1000/-

6 L&T Midcap fund direct - growth - 1000/-

7 canara Robeco Emerging equities fund direct - growth - 1000/-

For Child Education (next 12 yrs)

1 canara robeco Aggressive hybrid fund - 3000 /-

2 Axis midcap fund - 3000/- 

3 Nippon india Multi cap fund - 2000/-

Also need to start two more SIPs about 3500 and 2500 for 14yrs and 17 yrs target for kids’ marriage. Please suggest a fund for marriage goals. 

Also need to invest a lump sum of 750,000/- for child education for which fund I will select, the duration minimum should be 7yrs or max 10 yrs for investment?

Please suggest above funds are the right section or not? If not please suggest which fund I will refer to for retirement and Child education.

Ans:

For Retirement: Need to do investments in Equity Oriented funds so that a decent corpus can be created.

You may continue with 1, 3 and 7 and for rest below can be considered

a)   UTI Flexi Cap – Growth

b)  Parag Parikh Flexi- Cap Growth

c)   Axis ESG Equity Fund – Growth

d)  DSP Mid Cap Fund – Growth

For Child’s Education:  You may continue with 1 and 2 and consider adding Motilal Oswal Focused- 25 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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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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