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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Mar 18, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by Metesh on Feb 04, 2023Hindi

Hi Nikunj I'm looking at creating a corpus of 10 cr in next 10 years....currently the value of my portfolio is around 71 lacs and i have a monthly SIP of 65k in axis , midcap, canara robeco emerging, ICICI pru bluechip, ICICI nifty 50, mirae asset emerging bluechip, quant flexi cap, sbi small cap, sbi focussed equity and sbi equity hybrid fund... Are these good enough or what strategy should I take going forward..

Ans: Hello Metesh. Overall your portfolio report sounds very promising. I must say that you have conducted thorough research on the market. The sbi focused equity scheme may need to be reconsidered in comparison to peer schemes. Furthermore, in addition to achieve a corpus of 10 crores in the coming years, I would suggest you increase your sip and include an annual add-on to your current sip amount. In view of the fact that 65k sip will not suffice to accomplish your goals.

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 Sagar - Sep 15, 2022Hindi

I am 35 years old. I want to build a corpus of 2-3crore over a period of next 10 years. Currently I am investing Rs 42,000 every month. Could you please suggest my current SIP is good or not and also if further investment required? My current SIP: 1. Parag Parikh Flexi Cap Fund Direct Growth - 9000. 2. Mirae Asset Emerging Bluechip Fund Direct Growth - 9000. 3. Axis Midcap Direct Plan Growth - 7000. 4.SBI Multicap Fund Direct Growth - 6000. 5. Axis Bluechip Fund Direct Plan Growth - 6000. 6. Nippon India Flexi Cap Fund Direct Growth - 5000. Please suggest and help.

Ans: With investment of Rs 42,000 per month the corpus that can get created is Rs 1.1 crore in 10 year.

No need to add any new funds, you can increase investment in same schemes or do annual step up .

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Question by Vipul - Nov 14, 2022Hindi

My name is Vipul and I am 39 years old. Looking to build a corpus of 5-6 crores in next 10 years. I am currently investing ₹77,000 monthly in following schemes. Please suggest if this portfolio seems in line with market conditions also I am looking for investment horizon of 10 years. Also please suggest more scheme/s for ₹23,000. 1. SBI Magnum Medium Duration Fund (15,000) 2. SBI Focused Equity Fund (10,000) 3. Kotak Equity Opportunity Fund (10,000) 4. Mirae Asset Focused Fund (10,000) 5. UTI Flexi Cap (5,000) 6. SBI Small Cap (5,000) 7. UTI Hybrid Equity (2,500) 8. UTI Transportation and Logistics (2,500) 9. SBI Retirement Benefit Fund (3,000) 10. LIC MF Banking and PSU Debt Fund (15,000). Appreciate your guidance.

Ans: Hello Vipul. You have apparently targeted a few AMCs and invested in their schemes despite the fact that the selected schemes are in line with the market. Instead, I suggest limiting AMC diversification as this could have a negative effect on portfolios due to overlapping holdings. Select one scheme per AMC.

A clear vision in allocating Debt, Hybrid, and Equity assets would also be helpful. If you invest 1 lakh as sip, your portfolio is over-diversified, the portfolio needs to be reshuffled and rebalanced.

Assuming your investment time horizon has begun now, since your past investment time horizon is not disclosed. It will also require sip investments of 1.91 lakh monthly to achieve a corpus of 5 crore in 10 years.

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