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'I need a corpus of Rs 50-60 lakh at the age of 55.'
Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:
Arun Wellington: Currently, I'm investing Rs 16,000 per month in the below funds:
I'm planning to invest for next 10 years and am a moderate risk taker.
Is this portfolio good to continue for this tenure?
What is your suggestion if I increase my monthly contribution in the future?
I'm open to any suggestions.
Omkeshwar Singh: You may consider:
Ashley Rosario Fernandes: Below is my portfolio. I would highly appreciate if you can suggest if it is good or any changes are required.
The total current investment in SIP is Rs 12,000 (which now I want to make Rs 15,000). Kindly advise a good additional SIP for investing Rs 3,000 monthly.
Also let me know if lumpsum investment in MFs is good or any changes are required.
I am now 45 years of age and my total savings as of date is Rs 13 lakhs only.
Kindly advise how much more investment I would have to make to collect a good amount for my sons' education and retirement. I have two sons aged 12 and eight.
My current salary is Rs 1.5 lakhs and my wife is also working with a salary of Rs 30,000.
Also I keep breaking my SIP and lumpsum investment in between for emergency use. Please do let me know if that will affect my long term plan of collecting funds.
My SIPs are:
I have lumpsum investment in:
Omkeshwar Singh: These are good funds, please continue.
Prabin Mahanty: I hope you are doing well.
I need your help in selecting MFs.
I am 35 years old and looking for an investment duration of 20 years.
Currently, I have only a SIP of Rs 4,000 monthly for SBI Small Cap.
I need a corpus of Rs 50-60 lakh at the age of 55.
Could you please advise some funds and SIP amounts to invest?
My risk portfolio is moderate.
Omkeshwar Singh: You may consider
Kumar Gaurav: Hello Sir, below are my current investments.
Kindly advise if they look okay or need any switching.
Additionally, I have Rs 10 lakhs spare, want to invest for next 10 years.
Please suggest how to utilise this amount.
Omkeshwar Singh: Existing portfolio is fine. For Rs 10 lakhs, you may consider through STP route in the following funds.
Md Adil Siddiqui: I am 47; I have just invested (lump sum) one month back in Quant Quantamental Fund (Growth, direct). Please advise about this fund. Thank you
Omkeshwar Singh: Please continue. Give it some time, it's too early to review.
Rajdeep Basu: I have an ongoing SIP in the following mutual funds:
Please advise if any of the funds needs to be replaced.
Omkeshwar Singh: Please continue. Can be reviewed after six months.
Sudhir Gopal Nair: I am 47 years old. I have a SIP investments since the last four years in the below MFs (horizon 10 years).
The mutual funds I have invested in:
My wife's mutual fund details:
Have invested in these NFOs as well:
Kindly advise whether current funds are good or should switch to some other.
Omkeshwar Singh: Funds are good. However, too many funds will lead to over diversification and reduction in portfolio returns.
From an investor: I'm 46 years old and have the following mutual funds and their ongoing SIPs at present; all are regular, direct and growth.
Kindly have a look and advise whether to hold, redeem or add new funds.
Omkeshwar Singh: Please continue.
Sanjay Kumar: I wish to invest in SIP for two years in a good fund for substantial return.
To start with Rs 5,000 each in three SIPs is my target. Please suggest an appropriate fund.
Omkeshwar Singh: You may consider:
Pius Meir: Your advice is highly appreciated. I have made a few investments in the past year and am thinking of adding a Gold ETF to the list.
My horizon is 14 years and am planning to retire by 50.
Please suggest your valuable feedback. Also, can I add an arbitrage fund and a hybrid fund which is good over this period if required to make a safe corpus?
Omkeshwar Singh: No need to add any further funds, there are already too many funds.
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.
Feature Presentation: Ashish Narsale/Rediff.com
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