Can investing in MFs make you a crorepati?

Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage?

Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.

If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.

Shubhadeep Mitra: Kindly advise whether to continue with the following funds with a time horizon of 10 years.

Omkeshwar Singh:

Omkeshwar Singh: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Value Fund::

1. Tata Equity Pe Fund - Growth
2. UTI Value Opportunities Fund - Growth Plan

Equity - Large Cap Fund:

1. UTI Mastershare Unit Scheme - Growth Plan
2. LIC MF Large Cap Fund-growth

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Sreekanth Vemuri: I invested 1 lakh each in the below funds one time 500 days back. Currently my portfolio is not doing good. Please suggest if I need any changes in my portfolio. 

Omkeshwar Singh: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Value Fund:

1. Tata Equity Pe Fund - Growth
2. UTI Value Opportunities Fund - Growth Plan

Equity - Multi Cap Fund:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth

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Jay Sonawane: Should I invest in HDFC Balance Advantage, monthly dividend reinvestment direct plan for 10% growth. Please guide or send feedback to this mail.

Omkeshwar Singh:

Top rated Hybrid - Balanced Advantage are under:

1. ICICI Prudential Balanced Advantage Fund - Growth
2. Nippon India Balanced Advantage Fund - Growth

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Kapil Kant: I request to guide me regarding MF investment. I invest SIP Rs 1500 in Axis Bank BlueChip Fund Direct Plan for Growth and I want to invest in some other fund also. Please tell me which is the best Plan for Future.

Omkeshwar Singh:

Other options are:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth
3. Axis Focused 25 Fund - Growth

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Raja Chakraborti: I am presently doing a monthly SIP of Rs 60,000 in following funds and increase it every year by 10%. Kindly suggest me whether I am on right track or need some changes as my target is to generate at least Rs 12 crore in next 20 years for my retirement & daughter’s marriage.

1. ICICI Bluechip Fund- Rs.3000
2. ICICI Value Discivery-Rs.3000
3. ICICI Mid Cap-Rs.2000
4. ICICI Multicap- Rs.2000
5. Motilal Oswal Multicap-35 – Rs.7000
6. Motilal Focussed 25- Rs.2500
7. Mirae Asset Large Cap-Rs.6000
8. HDFC Balanced Advantage-Rs.8000
9. Kotak Standard Multicap-Rs.6000
10. Franklin Smaller Companies Fund- Rs.6000
11. Axis Long Term Equity Fund-Rs.15000

 Also investing about Rs 4,00,000/annum in NPS, ULIP, LIC & FDs.

Omkeshwar Singh: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Value Fund:

1. Tata Equity Pe Fund - Growth
2. UTI Value Opportunities Fund - Growth Plan

Equity - Multi Cap Fund:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth

Equity - Large Cap Fund:

1. UTI Mastershare Unit Scheme - Growth Plan
2. LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

1. MOSL Midcap 30 Fund – Growth
2. DSP midcap – growth

Equity - Small Cap Fund:

1. Kotak Small Cap Fund – Growth
2. Axis Small cap Fund - Growth

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TIRATH LAL: For my son (age 27), who is working since 2018, I have invested in below MFs through monthly SIPs:

1. L & T Emerging BuisnessFund- Growth  rs 2000 Monthly SIP

2. Franklin India smaller companies Fund rs 1000 Monthly SIP

3. DSP Black Micro cap fund-regular plan growth - rs 1000 Monthly SIP

I had invested in these funds, keeping in mind long term -- at least 10 years -- but all 3 funds are in NEGATIVE. Kindly advise if these funds can be continued basis long time horizon?

Omkeshwar Singh: The funds are not in investment category as per RankMF ratings, better options are available.

Equity - Small Cap Fund:

1. Kotak Small Cap Fund – Growth
2. Axis Small cap Fund - Growth

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Mohit Bhardwaj: I do a regular investment per month of Rs 9000 as SIP in mutual funds. The funds I am holding currently are: 

I have invested Rs 351,388 till now and my market value is Rs 386,870 which means my annual return is 5.2 per cent. Shall I continue to invest in the above funds or shall I switch to some other better fund as per your advice and what will be my capital (return) if I continue to invest for next 10 years as my current age is 35 years and I wish to invest till my age reach 50.

Omkeshwar Singh: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Value Fund:

• Tata Equity PE Fund - Growth
• UTI Value Opportunities Fund - Growth Plan

Equity - Multi Cap Fund:

• UTI Equity Fund – Growth
• Axis Multicap Fund – Growth

Equity - Large Cap Fund:

• UTI Mastershare Unit Scheme - Growth Plan
• LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

• MOSL Midcap 30 Fund – Growth
• DSP midcap – growth

Equity - Small Cap Fund:

• Kotak Small Cap Fund – Growth
• Axis Small cap Fund - Growth

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Prabhat Banerjee: I am 63+ have following MF investments. Please advise which fund I should continue which one I should switch over to other funds. Going by the trend in last 33 months, I don’t find any encouraging result, will you guide me please?

1. L&T Emerging business fund growth Rs.1,000/- SIP - Money has not appreciated at all

2. Baroda Pioneer Credit risk fund Growth Rs.4 lakh

3. L&T Credit risk Fund Growth Rs.3 lakh

4. ICICI Pru Balanced Advantage Fund Growth Rs.3 lakh

5. ICICI Pru Equity & Debut fund Growth Rs.1 lakh

As I am 63+ I want to get return of approx 0.60% SWP/month. Please enlighten which fund will be suitable for me.

Omkeshwar Singh:

Equity - Small Cap Fund & Debt - Credit Risk Fund are high-risk categories.

Hybrid - Balanced Advantage are under:

1. ICICI Prudential Balanced Advantage Fund - Growth
2. Nippon India Balanced Advantage Fund - Growth

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Karthik Deep: I have a guaranteed job and a stable income for the next 12 years. Thus I want to generate Rs 1 crore by the end of 12 years for buying a home and to have some surplus money. I am currently investing 30000 per month (half my take home salary) in mutual funds. Please tell me if my current investments will enable me to achieve this target.

Omkeshwar Singh: 30000 per month is sufficient for creating wealth of Rs. 1 cr in 12 years. Few top funds are listed below for your consideration.

Equity - Value Fund:

• Tata Equity PE Fund - Growth
• UTI Value Opportunities Fund - Growth Plan

Equity - Multi Cap Fund:

• UTI Equity Fund – Growth
• Axis Multicap Fund – Growth

Equity - Large Cap Fund:

• UTI Mastershare Unit Scheme - Growth Plan
• LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

• MOSL Midcap 30 Fund – Growth
• DSP midcap – growth

Equity - Small Cap Fund:

• Kotak Small Cap Fund – Growth
• Axis Small cap Fund - Growth

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Naveed Iqbal: I am 25 years old. I have invested in two mutual fund Mirae Asset Emerging Blue Chip Fund and Motilal Oswal Multicap 35 Fund through sip of ₹1000 and ₹500 respectively from last 7 months. I am moderate risk taker and now I want invest more 2000 rupees through sip. I want to invest for the duration of 12-15 years.

Omkeshwar Singh: Please continue

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Birendar Yadav: I want to make an investment (SIP) for my son age 25 years in the following MFs @ Rs 1000/- pm in each fund. Request your advice

1. HDFC Top 100 fund

2. HDFC Hybrid equity fund

3. Mirae asset tax saver fund

4. Axis long term equity fund

5. Axis blue chip fund – direct

6. SBI magnum multi cap - direct growth

7. SBI equity hybrid fund -Reg plan growth

Also, I am a retired person. I have invested my retirement corpus in the following funds as lump sum investments:

1. Debt MF

• Axis Banking and PSU debt (G)
• Franklin - India liquid fund super Ins (G)
• ICICI Pru - savings fund (G)
• Kotak low duration fund std (G)
• Mirae asset savings fund Reg (G)

2. Equity MF

• Axis - mid cap (G)
• ICICI Pru - blue chip fund Reg (G)
• Mirae asset emerging blue chip fund Reg (G)

Please confirm whether I should continue in the above funds or switch over to some other funds.

Omkeshwar Singh: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:

Equity - Multi Cap Fund:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth

Equity - Large Cap Fund:

1. UTI Mastershare Unit Scheme - Growth Plan
2. LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

1. MOSL Midcap 30 Fund – Growth
2. DSP midcap – growth

Equity - Small Cap Fund:

1. Kotak Small Cap Fund – Growth
2. Axis Small cap Fund - Growth

Debt - Banking and PSU Fund

1. Kotak Banking And Psu Fund - Growth
2. Hdfc Banking And Psu Debt Fund - Regular Growth 

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Abhishek Gaur: My age is 35 years. I am planning to invest in mutual fund as SIP from Rs. 6000-8000. I am married having one daughter age 8 years and son of 2 years. I am looking for long term investment for children education and marriage. I am in confusion in which MF scheme should invest. Please guide me as soon as possible.

Omkeshwar Singh: Please find few top rated schemes for your consideration:

Equity - Multi Cap Fund:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth

Equity - Large Cap Fund:

1. UTI Mastershare Unit Scheme - Growth Plan
2. LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

1. MOSL Midcap 30 Fund – Growth
2. DSP midcap – growth

Equity - Small Cap Fund:

1. Kotak Small Cap Fund – Growth
2. Axis Small cap Fund - Growth

Equity Focused Fund:

1. Axis Focused 25 Fund Growth
2. MOSL Focused 25 Fund Growth

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Arun Kumar: I do an investment per month of Rs 14,000 as SIP in mutual funds. The fund currently I am holding are:

1. HDFC Top 100 Fund -Rs 3000 (Recently Switched from HDFC Midcap Opportunities fund)

2. SBI blue chip fund - Rs 2000

3. ICICI prudential blue chip fund - Rs 2000(regular plan)

4. Mirae Asset emerging blue Chip Fund-2000

5. ICICI Prudential midcap fund-2000(regular plan)

6. Franklin India feeder US Opportunities fund-3000.(Recently Switched from Franklin india smaller companies fund).

I want to add one multicap fund by removing one midcap and one bluechip funds. Till Now my total investment was 318,000/- and current profit was 34,721/-

I am 33 old, I have 3 years old baby, and I want to start LIC policy for her education and another LIC policy for my retirement plan. 

Kindly suggest me how can I manage. 

Omkeshwar Singh: Better options available for consideration. FOFs to be avoided at present.

Equity - Multi Cap Fund:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth

Equity - Large Cap Fund:

1. UTI Mastershare Unit Scheme - Growth Plan
2. LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

1. MOSL Midcap 30 Fund – Growth
2. DSP midcap – growth

Equity - Large & Mid Cap Fund:

1. Axis Growth Opportunities Fund - Regular Plan 
2. Tata Large And Mid Cap Fund Regular Plan - Growth

Illustration: Uttam Ghosh/Rediff.com

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Disclaimer: This article is meant for information purpose 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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