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Do you have mutual fund queries?
Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries.
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.
Umesh Pal: I am investing in HDFC Small Cap Mutual Fund since Sep 2019 and till date accumulated 35% gain on investment from SIP of 2500/month. When I bought this scheme it was 5 star rated but now it's degraded to 2 star. As per current scheme, if i continue more than 3 year the profits get lowered to 12-15% range. Consider the current gain, i would like to know the view: should i continue SIP or withdraw the total sum and invest the received money in some other higher rated and profit making small cap fund like Quant, BOI etc., with same amount of SIP.
Kindly guide and also advise which fund to switch if switch is recommended. My view is long term return for kid’s higher education, who is 4 year old.
Omkeshwar Singh: No need to change, please continue for long term.
Yogesh Nandurkar: My age is 42 year & my wife age is 34 year. We want to start the SIP in Mutual Funds, but quite confused actually which fund needs to be picked, which will be best suited for us to our requirement.
I want to create corpus of 1.5 cr for retirement, 2 cr for Child's education and marriage from my investment for 15 - 17 years & same amount of return for my wife for the investment of 25 years.
Require your valuable guidance on exactly which fund and how much in each fund i need to invest so that the above objective can be fulfilled.
Omkeshwar Singh: Goals
Goal1: Retirement Rs1.5 cr in 18 years
Goal 2: Education and Marriage Rs 2 cr in 16 years
Goal 3: Retirement Rs 2 cr in 25 years.
Monthly Investment required
Goal 1: Rs 15000
Goal 2: Rs 27,500
Goal 3: Rs 7500
Total monthly investment of Rs 50000
Schemes that can be chosen can be as under ( 2 schemes to each goal)
HDFC Index Fund – Sensex Plan – Growth
UTI Flexi cap Fund – Growth
Axis ESG Equity fund – Growth
Samco Flexi cap fund – Growth
Motilal Oswal Mid cap Fund - Growth
Nippon India Small Cap Fund - Growth
RAKESHKUMAR RAUL: My monthly SIP is as follows. Please suggest necessary changes if required. Looking for wealth creation or long term investment up to 15 years.
SBI SMALL CAP FUND DIRECT GROWTH- 2000
SBI FOCUSED EQUITY DIRECT GROWTH - 4000
SBI FLEXICAP FUND DIRECT GROWTH - 2000
MIRAE ASSET EMERGING BLUECHIP FUND -2000
HDFC TOP 100 GUND – 2500
Omkeshwar Singh: No change required
SIMRAN GOGY: RESPECTED SIR, NAMASKAR, KYA IS TIME PARAG PARIKH FLEXICAP FUND MEIN 25000 AUR UTI NIFTY INDEX FUND MEIN 40000 KI LUMP SUM INVESTMENT KARNI THIK RAHEGI?
Omkeshwar Singh: Yes please
Pavan: I have been investing in the below mentioned MF SIP schemes my goal is to have 1CR by the time i am 50 yrs my doubts are:
1. Is the below MF enough or is it too much? If i have to close some funds which ones to close?
2. I have a housing loan of 65 lakh can i use the MF investment to clear the same?
My MFs are as below:
HOLDINGS AS ON 1st November 2022
Omkeshwar Singh: Further details required
Present age
Monthly Investment / SIP
There is no need to disclose your folio numbers.
Gopalakrishna Kishore: I am 41 year old working in the software industry. I have no liabilities and I started investing in MFs for the last 4 years. I have a corpus of 10 lakh till now. My current portfolio is:
ICICI PRUDENTIAL EQUITY AND DEBT FUND - GROWTH: 10,000.00
HDFC BALANCE ADVANTAGE FUND - REGULAR PLAN - GROWTH: 10,000.00
ICICI PRUDENTIAL BLUECHIP FUND - GROWTH: 10,000.00
SBI LARGE AND MIDCAP FUND REGULAR GROWTH: 10,000.00
Canara Robeco Flexicap Fund Regular GROWTH: 10,000.00
Mirae Asset Emerging Bluechip Fund - Regular Plan GROWTH Option: 2,500.00
AXIS MIDCAP FUND - GROWTH: 2,000.00
Mirae Asset Large Cap Fund GROWTH Plan: 2,000.00
I also contribute 29,000 per month towards EPF and 17,000 per month towards NPS.
My Question is, are the above funds fine? How much corpus will I create in 15 years?
Omkeshwar Singh: Funds are good, with monthly investment of 56500, the corpus that can created in 15 years is 3.1 cr
Avil Lobo: I am a 40 years old and working with prestigious IT Company as a Project Manager. I don't have any mutual funds now. I have PPF, life insurance, Superannuation funds. I want to achieve 3 crore in next 12 to 15 years. Can you suggest me which funds i can create and which online portal is good to create those funds?
Omkeshwar Singh: Monthly investment of Rs 55000 is required to achieve a corpus of Rs 3 cr in 15 years!
Funds that can be considered are as under:
HDFC Index Fund – Sensex Plan – Growth
UTI Flexi cap Fund – Growth
Axis ESG Equity fund – Growth
Samco Flexi cap fund – Growth
Motilal Oswal Mid cap Fund - Growth
Nippon India Small Cap Fund – Growth
Arun Banerjee: I am 60 years old retired and investing Rs 21000 in SIP in following Mutual Funds:
Axis Blue Chip Fund: 1000
ICICI Prudential Blue Chip: 2000
IDFC Large Cap Fund: 1000
Nippon India Small Cap: 2000
Axis Long Term Equity: 6000
Aditya Birla Sunlife TaxRelief96: 3000
Franklin India Tax Shield: 1000
ICICI Prudential Long Term Tax saving: 1000
Sundaram Large Cap Fund: 1000
Canara Robeco Blue Chip Fund: 1000
Parag Parikh Flexicap Fund: 1000
Adity Birla Sunlife Spl opportunities: 1000
I am looking forward to corpus of Rs 50 Lakh in next ten years. Please review and advice.
Omkeshwar Singh: With Rs 21000 monthly investment a corpus of Rs 1.2 cr can be created in next 10 years
Girish Tembhurne: I am a working class man and have started SIP in following funds from the last 6 months. Can invest till my retirement i.e. for the next 23 years period.
My total monthly SIP is of Rs 22,000, I can increase Rs 500 in each fund (i.e. 15% step up) every year based on my salary. For the next 13-15 years I can take high risk out of 23 years. My other investments are PF (21600(employer) + 21600(employee)) yearly and can start Rs 50,000 yearly in NPS for tax saving.
Looking for a combined corpus of 8-10 crore till retirement for my child's education (1 year old) and for my retirement savings, Can I achieve this with my SIP and other investments?
Kindly guide /provide your expert opinion whether any of my funds are overlapping or needs to be discontinued or any new funds needs to be added to meet my target corpus.
Funds:
1. Mirae Asset Global Electric & Autonomous Vehicles ETFs FundofFund (Direct Growth) - Rs 1,000 -Active
2. canara Robeco Bluechip Equity Fund (Direct Growth-Large Cap) - Rs 3,000 -Active
3. ICICI Prudential US Bluechip Equity Fund (Direct Growth-Sectoral/Thematic) - Rs 3,000 -Active
4. PGIM India Flexi Cap Fund (Direct Growth) - Rs 3,000 -Active
5. PGIM India MidCap Opportunities Fund (Direct Growth) - Rs 3,000 -Active
6. Quant Active Fund (Direct Growth-Multicap) - Rs 3,000 -Active
7. Quant Small Cap Fund (Direct Growth) - Rs 3,000 -Active
8. Quant Tax Plan (Direct Growth-ELSS) - Rs 3,000 -Active
9. Axis Long Term Equity Fund (Direct Growth-ELSS) - Rs 3,000 -Paused
Omkeshwar Singh: Funds are fine, with a monthly investment of 22000 with an annual step up of 15% the corpus that can be created is Rs 10 -12 cr in 23 years.
Saravanan: I'm 35 years old, i started my investment journey in 2022, currently investing 25,000/- p.m, would like to add another 25,000/- p.m of SIP. Would like to build a corpus of 3-4 crore for my retirement and child's education 15-20 years from now.
Current SIP investments:
1. Parag Parikh flexi cap- 5,000
2. Navi nifty index -5,000
3. ICICI sensex index fund 5,000
4. UTI FLEXI Cap 10,000
Please suggest funds to achieve 3-4 crore corpus.
Omkeshwar Singh: Current schemes are sufficient, no need to add further funds, please increase the investment in above funds only.
Read more of Omkeshwar Singh's responses here.
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