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Nikunj

Nikunj Saraf |205 Answers |Ask -Follow

Mutual Funds Expert - Answered on Mar 01, 2023

Question by Rathijit on Jan 31, 2023

Money

Hi, I am 42 years old and have been investing in 12 different funds through SIP of amount Rs 28,500 per month. I am investing in below following funds. Please give your opinion on it. 1. Axis Long Term Equity-DP: INR 2500/Month 2. Franklin india Tax Shield Fund: INR 2000/Month 3. Canara Robeco Equity Tax Saver: INR 1500/Month. 4.HSBC ELSS Fund: INR 2000/Month 5. Motilal Oswal Long Term Equity: INR 2000/Month. 6 DSP Tax Saver: INR 2000/Month. 7. Mirae Asset Tax Saver: INR 3500/Month. 8 Aditya Birla tax relief 96-G: INR 1500/Month. 9.ICICI Pru Long term equity: INR 1500/Month. 10 HDFC Large & Mid Cap-G: INR3000/Month. 11 Nippon India Growth-G: INR 4000/Month. 12 SBI Large & Mid Cap-G: INR 3000/Month. Apart from that i use to invest INR 25000/Month in Index50, Mid Cap funds also.

Ans: Hello Rathijit. Based on your age and your requirements, I can see that your risks diversification is well maintained. Regarding your question about whether the schemes are good or not. I can see there is over diversification in your current portfolio. Try to concise your portfolio for ELSS investment.

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I want to know that I am investing Rs 12000 on monthly basis as SIP in following funds: I am investing in them for more than 2 years and Rs 3000 each. Kindly let me know whether these are good funds for investment for long-term basis (15+ years) or should I change it to other plan? My age is 41 years. Waiting for your valuable feedback. Name of the Fund Category RankMF Star Rating HDFC Top 100 Fund (Direct) Equity - Large Cap Fund 4 ABSL Frontline Equity (Direct) Equity - Large Cap Fund 4 ABSL Midcap (Direct) Equity - Midcap Fund 2 ABSL Tax Relief 96 (Direct) Equity - ELSS 4

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I have started investing 32K in below Mutual Funds (Started from 1st Mar - 1st set of SIP's paid). Need your advice whether the SIPs which I have selected are right or not. Apart from this few other pieces of information - I am 35 years old & planning to invest till I turn 60 years. Canara Robeco Bluechip Equity Fund Direct -- Growth Rs 2000 L&T Midcap Fund Direct -- Growth Rs 1000 Mirae Asset Emerging Bluechip Fund Direct -- Growth Rs 2500 Mirae Asset Tax Saver Fund Direct -- Growth Rs 8000 Axis Small Cap Fund Direct -- Growth Rs 1000 Axis Long Term Equity Direct Plan -- Growth Rs 8000 Axis Midcap Direct Plan -- Growth Rs 1000 Quant Mid Cap Fund Direct -- Growth Rs 1500 Quant Tax Plan Direct -- Growth Rs 1000 UTI Flexi Cap Fund Direct -- Growth Rs 1000 DSP Midcap Direct Plan -- Growth Rs 2000 Franklin India Feeder Franklin US Opportunities Direct Fund -- Growth Rs 2000 Parag Parikh Flexi Cap Fund Direct -- Growth Rs 1000 Total Rs 32000

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Sir, I am 35. My monthly sip investment is 37,500 and my portfolio is below. I look forward to investment tenure of 15 years. Please advise whether I can follow these funds: Axis Bluechip Fund Direct Plan Growth- 6000 SBI Bluechip Direct Plan Growth-3500 ICICI Prudential Technology Direct Plan Growth-3000 Nippon India Liquid Fund Direct- 3000 Kotak Corporate Bond Fund Direct Growth-5000 Mirrae Asset Emerging Bluechip Fund Direct Growth-2500 DSP Midcap Direct Plan Growth -5000 Parag Parikh Flexi cap Fund Direct Growth-9500

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