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Ulhas

Ulhas Joshi |25 Answers |Ask -Follow

Mutual Fund Expert - Answered on Mar 14, 2023

Question by SADANAND on Mar 08, 2023

Money

Hello, This is Anand from Mumbai. I am 50 yrs old working with a Pvt Co. I want to generate an income of Rs 1 Cr by the end of 58 yrs of my age. I expect my income should be around Rs 1 - 1.25 lacs per month from my 59th yr onwards based on the investments which I will make between these 8 years. Kindly advice me with suitable mix of investment portfolios like equities / MF's / other investment plans which will meet my requirement after 8 years.

Ans: Hello Anand and thank you for writing in.

To generate a corpus of Rs.1 Crore in 8 years, you need to start SIP's of around 61,000 every month.

You can begin by investing in:

1-Samco Flexicap-Rs.21,000
2-Edelweiss Nifty 100 Quality 30 TRI Index Fund-Rs.20,000
3-DSP Quant Fund-Rs.20,000

Annually stepping up the SIP's will help you create a larger corpus.

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Rohit

Question by Rohit - Oct 27, 2022

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I am 31 yrs old. I am investigating in below schemes since last 2 years. My plan is to build a portfolio such that I can expect an amount of 1cr in next 8-10 yrs. (Goals-Daughters education, Clearing home loan). Request to give your appreciation of my existing portfolio and request to suggest if any changes to be done with required. Investment amount to fulfill the goal. 1) ICICI Prudential Technology Fund-2000 2) Nippon India Small cap Fund-1000 3) Parag Parikh flexicap Fund-1000 4) SBI Bluechip fund-1000 5) Axis small cap fund-1000 6) PGIM India Midcap opportunities fund-1000 7) Franklin India feeder franklin us opportunities fund-1000 8) Axis Bluechip fund-500 Total: 8.5k/Month

Ans: Hi Rohit. It appears that your portfolio has a good report. It would be advisable to reconsider the SBI AMC fund with better peer schemes.

The current amount of SIP is very low to achieve a corpus of 1 cr in 10 yrs; you should increase your SIP amount to 35,000 and above.

(more)

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Question by Karthik - Feb 20, 2020

Money

I have a guaranteed job and a stable income for the next 12 years. Thus I want to generate Rs 1 crore by the end of 12 years for buying a home and to have some surplus money. I am currently investing 30000 per month (half my take home salary) in mutual funds. Please tell me if my current investments will enable me to achieve this target. Name of the Fund Category RankMF Star Rating Karthik Deep 1. ICICI Prudential Bluechip Fund- 5000 Equity - Large Cap Fund: 2 2. L&T Midcap Fund- 5000 Equity - Mid Cap Fund: 3 3. L&T Emerging Businesses Fund- 5000 Equity - Small Cap Fund: 1 4. SBI Magnum Multicap Fund- 10000 Equity - Multi Cap Fund: 4 5. Axis Bluechip Fund- 5000 Equity - Large Cap Fund: 5

Ans: 30000 per month is sufficient for creating wealth of Rs. 1 cr in 12 years. Few top funds are listed below for your consideration.

Equity - Value Fund:

Tata Equity PE Fund - Growth
UTI Value Opportunities Fund - Growth Plan

Equity - Multi Cap Fund:

UTI Equity Fund – Growth
Axis Multicap Fund – Growth

Equity - Large Cap Fund:

UTI Mastershare Unit Scheme - Growth Plan
LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

MOSL Midcap 30 Fund – Growth
DSP midcap – growth

Equity - Small Cap Fund:

Kotak Small Cap Fund – Growth
Axis Small cap Fund - Growth

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Amandeep

Question by Amandeep - Nov 03, 2022

Money

Age 37 from Ghaziabad. I am an HR professional. I had liabilities due to some losses I faced during Covid that I had to pay in the next 3 years. I am currently looking to invest some amount to create my portfolio. As of now my only SIP is running which is 1k in Axis Blue Chip fund - Direct Growth from the past 11 months. I need to create wealth for my Daughter's education / Marriage / My Retirement approx 3-4 crores minimum. Please suggest what investment I can do and how much amount I should invest for now to create a good portfolio down the line 15 years I should not regret. Also please share the funds or invest plan names for long term with great benefits or returns and tax can also be saved in maturity amount. Please let me know if any more information is required.

Ans: You may consider a basket of below funds:

Uti Flexi Cap Fund-regular -growth

Axis Esg Equity Fund -Growth

Kotak Business Cycle Fund-growth

Samco Flexi Cap Fund - Growth

To create a corpus of 3.5 crs in 15 years the monthly investment that is required is Rs. 60000/-

(more)

Nikunj

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Mutual Funds Expert - Answered on Oct 06, 2022

Amandeep

Question by Amandeep - Oct 06, 2022

Money

I am 37 from Ghaziabad. I am an HR professional. I had liabilities due to some losses I faced during Covid that I had to pay in the next 3 years. I am currently looking to invest some amount to create my portfolio. As of now my only SIP is running which is 1k in Axis Blue Chipfund - Direct Growth from the past 11 months. I need to create wealth for my Daughter's education / Marriage / My Retirement approx 3-4 crores minimum. Please suggest to me what investment I can do and how much amount I should Invest for now to create a good portfolio down the line 15 years I should not regret. Also please share the funds or invest plan names for long term with great benefits or returns and tax can also be saved in maturity amount. Please let me know if any more information is required.

Ans: Hello Amandeep. I understand you have multiple goals for the next decade. If you want to build a corpus of 3-4 Cr, it's advisable to start investing in sips more and more. Say a monthly sum of approximately Rs.44000 sips.

You can add on some funds annually to reach to sip investments to 44 k. Kindly find below suggested schemes that may accomplish your future goals.

SBI Small Cap Fund
Nippon India Growth Fund
PGIM India Flexi cap Fund
Canara Robeco Emerging Equities Fund
Mirae Asset Tax Saver Fund- contains lock in period

(more)

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