Dear Sir, please advise me on the following ‘NIPPON INDIA’ mutual fund investments:
Scheme Inv year Inv amount Present Value
Growth. 2008 6000 23000
Fund-Growth
Growth 2009 10000 15000
Fund-Dividend
Growth 2017 110000 159000
Fund Growth (SIP @ 2500pm)
Tax Saver 2009 10000 15000
ELSS
Value Fund 2008 5000 20000
Growth
Also please advise me on following types of mutual fund schemes:
1. Low-Moderate risk, suitable for a horizon of 1-2 years, which give better returns than bank FD, for lump sum investment
2. SIP @ 5000/-pm for a horizon of 5-7 years
3. Lump sum investment to attain a corpus of approx 5 Lakhs after about 5 years.
Ans: Complete portfolio needs shift to better quality funds; you may consider these funds:
a) UTI Flexi Cap – Growth
b) Parag Parikh Flexi- Cap Growth
c) Axis ESG Equity Fund – Growth
d) DSP Mid Cap Fund – Growth
- HDFC Short Term Debt Fund – Growth - Moderate Risk for 1 to 2 years to beat FDs
- DSP Quant Fund – Growth - SIP
- Axis Bluechip Fund – Growth - Lumpsum