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'I want to start investing SIPs, monthly investment would be 1,500-2,000.'
Omkeshwar Singh, Head, Rank MF (extrenal link), a mutual fund investment platform, answers your queries:
TGA: I saw your kind answers to many queries on Rediff and wanted to ask your advice on my retirement financial model. Here it is:
Portfolio:
Hybrid 10%
Flexi 10%
Mid 10%
Small 5%
Contra 5%
All India funds only.
I am 2 years from retirement and want to start drawing 3% out every year from next year but only 0.25% monthly no one shot annual drawing.
Question to you: Assuming I have 30 more years to live do you THINK will the above model work? I have evaluated the bucket model and feel the full equity model is better.
Please let me know your thoughts.
With 3 % annual withdrawal,
Omkeshwar Singh: Bucket /Basket route is good for post-retirement investment and periodic withdrawal.
Combination of Equity and Hybrid funds can provide for 30 years
Also 3% annual withdrawal is very decent, that will ensure that the money does not get depleted and in-fact the corpus will only keep growing
Raj Kotwadekar: Age: 23
Question: I want to start investing in MF through SIPs, monthly investment would be 1500-2000. My goal is to invest for 10-15 years from now. And keep the amount invested for another 10 years, to use the compounding power.
Can you suggest me few mutual funds? Please note: my basic idea was to invest 1000 in a reputed/large cap fund and 500 in another fund (Growth). Please suggest.
Omkeshwar Singh: Large cap fund: HDFC Top 100 – Growth plan OR SBI Blue chip fund - Growth
Flexi Cap Growth option: Parag Parikh Flexi Cap Fund- Growth OR Samco Flexi Cap Fund – Growth
Dipesh Negi: I am 19 years old and currently pursuing my graduation.
I want to start a SIP of Rs 1000 for short term (3-5 years) which will give high returns with high risk or moderate risk. Can you please suggest me some MF for my plan? I can start investing in 2 or 3 SIP after 3-4 months.
Omkeshwar Singh: You may consider these:
1. Parag Parikh Conservative Hybrid Fund - Growth
2. ICICI Prudential Balanced Advantage Fund - Growth
3. HDFC Balanced Advantage Fund - Growth
Ninad Karnik: Hope you are doing well! I would like to know which MF should I invest and with how much amount for below corpus.
Retirement - 2cr
Daughter’s Education – 50 lakh
Also please suggest how much i should invest yearly in Sukanya Samrudhi Yojna.
Omkeshwar Singh: Retirement: You may consider below funds:
Monthly Investment of Rs 30,000 for 15 years
Daughter Education:
1. Parag Parikh Conservative Hybrid Fund - Growth.
2) ICICI Prudential Balanced Advantage Fund - Growth
3) HDFC Balanced Advantage Fund - Growth
Monthly Investment of Rs 30,000 for 10 years
You may invest up to 1.5 lakh per annum in Sukanya Samrudhi Yojna and also claim tax deduction under section 80 C
Prince Reid: I haven't invested any amount in MF so far but planning to invest for 15-20 years for early retirement. Kindly advise. My age is 34 years and can invest 10 k each month and will increase 10-15% every year.
Omkeshwar Singh: You may consider below funds:
Karthik Keyan: Please advise. I am investing in the following MF SIPs:
Omkeshwar Singh: These are good funds, please continue.
Syed Rahaman: I am 46 years old now and estimating a requirement of approx 2 Cr at the age of 58. I am continuing below mentioning SIP from the last two years. Need you valuable suggestions to achieve my target.
SIPs are for Total Amount of 33000/ month
Omkeshwar Singh: This seems to be within reach in 14 years (2 years prior and 12 years hence forth).
Vanden Jain: I hope everything is well. I need some investment advice. I am a 22-year-old salaried person. I need to create a corpus of 10+ cr in the upcoming 30 years for retirement/higher studies. I can invest 50-60k/month. Please suggest some suitable MFs and other investments.
Thanks! I am looking forward to hearing from you soon.
Omkeshwar Singh: You may consider below funds:
Ashwin Jain: Please help me with the following queries.
I have lump sum 60 lakh that I want to invest in MFs along with SIP of 60,000 pm. I am open to high risk and am considering a goal of 2.5 crore from MF.
Q. Is my goal feasible by 2029?
Omkeshwar Singh: Yes !
Q. Can you suggest some MFs for this?
Omkeshwar Singh: You may consider below funds:
Manjunath: I am 36 years old. Can you please help me know if my mutual fund investments are in line with the current market situation.
I am looking for good retirement amount of 2-4cr and kids (6 year old) education requirements. I am ok to invest another 10-15 k SIP, please suggest me other options or funds.
Also is the ET money genius subscription worth for doing 10k sip. They charge 740 approx quarterly.
Omkeshwar Singh: Kindly provide the portfolio
If you want Mr Singh's advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Ask MF Guru', along with your name, and he will offer his unbiased views.
Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.
Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.
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