Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:
Somnath Shannigrahi: I am 43 years old.
I am a government employee and do not have much bank balance.
I want to create wealth of Rs 1 cr in 17 years as a part of my retirement benefit.
At present, I am investing a total of Rs 5,600/month in these SIPs.
Please tell me whether the funds I chose are the right ones to provide wealth in the long term.
Omkeshwar Singh: The funds chosen are good and have the potential to provide decent returns in the long run.
Balla Kumar Hemant: Request you to review and provide your suggestions:
Lump sum investment
I want to withdraw 50 per cent from Kotak and UTI and invest in Edelweiss Money Market Fund (Direct Plan -- Growth Money Market Fund) and PGIM India Ultra Short Term Fund (Direct Plan -- Growth Ultra Short Duration Fund).
Is it a good idea?
I have also invested Rs 1.3 lakhs in Mirae Asset Large Cap Fund (Direct -- Growth) through SIP.
Now I want to exit and invest in Mirae Asset Emerging Bluechip Fund.
Is it a good idea?
If yes, please suggest withdrawal and invest through SWP or lumpsump?
Omkeshwar Singh: Do it through STP route.
Vinay Tiwari: I am 25 years old.
I already invest Rs 3,000 in Aegon ULIP fund.
I want to invest around Rs 8,000 per month via SIP.
Kindly suggest some good funds and how I much should I invest in each.
Also, I have Rs 45,000 and I want to invest it in a mutual fund as lump sum. I was thinking of going ahead with ICICI Prudential Technology Direct Growth Fund.
Kindly let me know your suggestions.
Omkeshwar Singh: You may consider DSP Top 100 (Growth) and Axis ESG Equity Fund (Growth) for your SIP investment.
For lump sum, you may invest as required.
H K Srivastava: Hope you are doing fine.
My name is H K Srivastava, and I am a retired professional of 61 years old.
Could you please suggest:
1. A good debt fund for time horizon of 3-4 years (maximum 5 years) with maximum returns
2. Good liquid funds for time horizon of a maximum of two years with maximum returns.
Omkeshwar Singh: For your first question, you may consider Nippon India Short Term Fund (Growth Plan, Growth Option)
For the second, you may consider HDFC Short Term Debt Fund (Regular Plan, Growth) as the tenure is two years.
Kishore Babulal Purohit: I am looking for a longer horizon of 15-20 years with an objective of creating a large corpus for my retirement.
I am already investing Rs 10,000 in the below SIPs and request your expert guidance/views on whether I should continue investing in these funds or make any change in my strategy.
I am 40 year old and my risk appetite is medium.
Omkeshwar Singh: The funds are decent. However, there are too many funds. Please restrict your portfolio to 4-6 schemes.
Ananya Dey: I am 31 years old. My child is 2.5 years old.
Currently investing for three years.
Long term goals:
For my child's education when he turns 18 years -- Rs 2 crores.
For his marriage -- Rs 50 lakhs
For our retirement -- Rs 2 crores
Currently investing in:
Please suggest whether these are ok or not.
How much corpus it would generate in next 20 years if I continue like this?
I need to invest another Rs 8,000 monthly. Which fund to invest in?
Omkeshwar Singh: The funds are fine. For further investment, you may consider DSP Top 100 (Growth) and Axis ESG Equity Fund (Growth).
Aditya: First of all, I am a big fan of your column.
Please keep up the good work.
I would request you to please share some information around long term (horizon) equity (risk appetite high) mutual funds which Canadian citizens can purchase.
Also, as the market being high and I, a Canadian resident, have some surplus in hand, would you advise investing lump sum or park in bank and invest via SIP?
Omkeshwar Singh: You may consider DSP Top 100 (Growth) and Axis ESG Equity Fund (Growth).
Praveen: I have invested in the following for a long term tenure since the last three years; please review.
Also, is it enough for creating a corpus of Rs 1 crore in the next 10 years?
Omkeshwar Singh: To create a corpus of Rs 1 crore in 13 years, a SIP of Rs 25,000 will be required
Vishal Gupta: I want to invest Rs 4.5 lakh lump sum in MF with a six year horizon.
Will either UTI Flexi or Tata Digital or SBI Bluechip will be right choice, keeping in mind current market surge?
Or any other suggestion?
Also, please suggest MFs for Rs 20,000 pm SIP with a six year horizon.
Ready to take risk.
Omkeshwar Singh: The fund choices are good. For further investment, you may consider DSP Top 100 (Growth) and Axis ESG Equity Fund (Growth).
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
