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Parag
Sanjeev Govila458 Answers |Ask - Follow
Financial Planner - Answered on Oct 12, 2023
Asked on - Sep 28, 2023Hindi
we have SIPs in these funds , my wife portfolio - Mirae assets tax saver fund 6000, Parag Parikh Tax saver 5000, Motilal Oswal Mid cap 5000, HDFC SMALL CAP 2500, Motilal Oswal Nasdaq 100 FOF 7000, ICICI Prudential Multi-Asset 4500, My portfolio SBI SMALL CAP 4000, NIPPON INDIA SMALL CAP 5000, PARAG Parikh Flexicap 4000, HDFC Flexicap 5000, HDFC Midcap Opportunities 3500, ICICI Prudential Manufacturing 3500.....please suggest if they are good or need to change anything...My age is 48 yrs
Ans: According to the data received from your end such as your age and the funds, we configure that your investments are more inclined towards equity investments. However, in the absence of your other details, such as your risk profile and overall asset allocation, we are unable to give you an accurate picture of your investments.
But, if we talk about the funds, they are performing well and generating good returns in the long term. But funds like Motilal Oswal Nasdaq 100 FOF (underlying ETF tracks the Nasdaq 100 index) and ICICI Prudential Manufacturing Fund (Sectoral) have a concentrated area of underlying assets and international exposure, making them risky subject to market fluctuations. Moreover, ELSS contributions are only beneficial if you are on the old tax regime since the new tax regime does not allow any 80C deductions.
If we consider your very long-term investment horizon, stay invested with existing monthly contributions.
But, if we talk about the funds, they are performing well and generating good returns in the long term. But funds like Motilal Oswal Nasdaq 100 FOF (underlying ETF tracks the Nasdaq 100 index) and ICICI Prudential Manufacturing Fund (Sectoral) have a concentrated area of underlying assets and international exposure, making them risky subject to market fluctuations. Moreover, ELSS contributions are only beneficial if you are on the old tax regime since the new tax regime does not allow any 80C deductions.
If we consider your very long-term investment horizon, stay invested with existing monthly contributions.
Asked on - Oct 16, 2023 | Answered on Oct 24, 2023
Is there any way I can send my whole portfolio to evaluate, even if its paid its ok, please let me know
Ans: Dear Parag, That would not be possible with us since my company, Hum Fauji Initiatives, only deals with armed forces officers (Army, Navy and Air Force) and their close relatives. Nevertheless, there are plenty of good financial advisors all across the country. You can simply google search and connect with them for your requirement.