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Financial Planner - Answered on Sep 20, 2023

Asked on - Sep 06, 2023Translate

Dear Sir I am a daily reader of your posts. You are requested to please give your valuable opinion as many times i sent you e-mail. Please find the details of my monthly SIP investment continuing since 2019. And I want to do long term investment. PARAG PARIKH FLEXI CAP FUND – GROWTH - 10000 SBI FOCUSED EQUITY FUND REGULAR GROWTH -10000 Mirae Asset Emerging Bluechip Fund - Regular Plan Growth Option- 10000 Canara Robeco Bluechip Equity Fund Regular Growth- 10000 Mirae Asset Large Cap Fund Growth Plan -10000 AXIS MIDCAP FUND – GROWTH- 10000 Any modification/changes required in terms of portfolio, please suggest. Below Tax Planning amounts want to withdraw, so where to park or save these same money please guide.. Present value is about double i.e 2lakh each MOTILAL OSWAL LONG TERM EQUITY FUND – GROWTH – 1lakh HDFC HYBRID EQUITY FUND - REGULAR PLAN – GROWTH- 1lakh Also, Suggest for a long term investment for baby girl child. Is it required separate investment of my wife (house wife) with the SIP . Regards Sumanta
Ans: As per your queries, we have given our recommendations below:

1. Overall, your investment portfolio is well-diversified and includes a mix of large-cap, mid-cap, and flexi-cap funds and also the funds you have in your portfolio, they all are fundamentally good and have been stable performers in their categories which is a good approach for long-term investment. You can continue to invest in these funds without any changes suggested.

2. Now if we talk about the tax planning and if you are not going to choose the old regime of tax, then we would suggest you to park this amount in mix of some equity and more in hybrid funds as you have already taken the position in pure equity-oriented funds. Also,in current scenario, Motilal Oswal Long-Term equity Fund is not performing up to the mark.

3. For long-term investment for your baby girl child, you can start a SIP in a well - diversified portfolio including some large cap, mid cap, hybrid funds (which invest in a mix of equity and debt) and small cap funds also for long term wealth building considering the long term horizon.

Also you can invest in specially designed product in mutual fund for children like Children gift funds etc which come with the lock-in of 5 years.

Apart from this you can also go with some government promoted schemes like PPF or Sukanya Samriddhi Yojana etc.

4. Yes, you can have separate investments (through monthly SIPs, not with enlarged amount otherwise clubbing of income is applicable) in the name of your wife for tax planning purpose.
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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