MF GURU: 'Please suggest good SIPs'

'I am a single woman, in my early 40s and wish to build up my portfolio.'

Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:

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Nitin Gujar: I plan to invest in mutual funds through SIP for the next seven years.

Will you please guide me in the above matter?

I am planning to invest Rs 1 lakh per month in some funds to save taxes; I would appreciate your brilliant ideas on the same.

My age is 53 years. I am looking forward to hearing from you.

I will be retiring in next seven years and want to build a good corpus.

Omkeshwar Singh: Through ELSS, Rs 1.5 lakhs under 80 CC can be invested per annum.

The scheme that can be considered is Axis Long Term Equity Fund (Growth).

 

Prasanta Maharana: I want to invest Rs 20 lakhs for six months for daughter's marriage.

Which secured and easily liquidated fund should I invest in?

Please advise. I am a newcomer to mutual funds.

Omkeshwar Singh: You may consider ultra-short-term funds; Aditya Birla Sun Life Savings Fund (Growth) can be considered.

 

Raghavendra B: I'm 45 years old and yet to invest into to MF, please guide me. Currently, I can invest around Rs 10,000 monthly.

Omkeshwar Singh: These funds can be considered Rs 2,500 each:

1. Axis ESG Equity Fund (Growth)
2. Parag Parikh Flexi Cap Fund (Growth)
3. SBI Magnum Global Fund (Growth)
4. DSP Quant Fund (Growth)

 

Anirudh Khajuria: I have invested in following MFs for the last six months. The details are as follows:

1. Canara Robeco Mutual Fund (monthly SIP, Rs 5,000)
2. Parag Parikh Flexi Cap Fund (monthly SIP, Rs 5,000)

Kindly advise if these funds are good for the long term, around 12 to 15 years horizon.

Kindly suggest other funds too.

Omkeshwar Singh: Please continue.

 

Kailash Naraynan: Hope you are doing good.

I'm new to investments and interested in making short term investments (say two years).

I'm looking to invest around Rs 8,000-10,000 per month.

Could you suggest a couple of decent options where I can invest?

Also, if they are not taxable, it will be very helpful.

Omkeshwar Singh: These two funds can be considered

1. Tata Balanced Advantage Fund (Growth)
2. ICICI Prudential Balanced Advantage Fund (Growth)

 

Joseph John Fernandes: I have lump sum amount of Rs 20 lakhs.

I want to invest in liquid fund with STP. Planning to invest in four funds (Rs 5 lakhs each).

I want to invest for 5-6 years. Kindly let me know which liquid funds are better suited to me with the above timeline.

Omkeshwar Singh: You can STP into these schemes

1. Axis ESG Equity Fund (Growth)
2. Parag Parikh Flexi Cap Fund (Growth)
3. SBI Magnum Global Fund (Growth)
4. DSP Quant Fund (Growth)

 

Akhilesh Dixit: I want to start a SIP of Rs 10,000 per month for my son who has recently turned 20.

The time horizon is upto 30 years, depending on requirement.

It must include a 'top up' option.

Please advise.

Omkeshwar Singh: These funds can be considered

1. Axis ESG Equity Fund (Growth)
2. Parag Parikh Flexi Cap Fund (Growth)
3. SBI Magnum Global Fund (Growth)
4. DSP Focus Fund (Growth)
5. ICICI Prudential US Bluechip Equity Fund (Growth)

 

Rakesh Babu: I have been investing in various mutual funds over last two years.

I am currently 32 and plan to continue investing for next 22 years minimum to create substantial corpus for my child's future and my retired life.

Below is my portfolio on monthly SIP.

Also I want to increase by Rs 1,500 every year Can you suggest a better fund?

Omkeshwar Singh: These are good funds. Additionally, you may consider Axis ESG Equity Fund Growth.

 

Mehul Goel: Please suggest whether I should hold these mutual funds or suggest alternatives which I should switch to.

1. Axis Bluechip
2. Axis Small Cap
3. UTI Nifty Index Fund
4. Parag Parikh Flexi Cap Fund

Omkeshwar Singh: Please continue, no need to change.

 

Shyamala Chandru: I am 40 years old.

I am investing in mutual funds for my two daughters's studies (now in Class 6), their marriage and for our retirement at the age of 60.

I have been investing in these mutual funds for the past two years.

Last month, I have started these two funds.

1. DSP US Flexible Equity Fund, Direct Plan (Growth) -- Rs 2,500

2. Edelweiss Greater China Equity Offshore Fund, Direct Plan (Growth) -- Rs 2,500

Are my fund choices good for the investment period of 10-15 years to meet my requirements?

Omkeshwar Singh: These are fine. However, they would need to be reviewed after six months.

 

Dixshant Kumar: I have started SIP investment in the below funds:

1. Axis Midcap, Rs 1,000
2. SBI Small cap, Rs 1,000
3. Axis Growth Opportunities Fund, Rs 2,000
4. Parag Parikh Flexi Cap, Rs 2,000 with 10 per cent step up
5. Quant Active Fund, Rs 1,000 with 10 per cent step up

Kindly review my portfolio and suggest any good index fund.

Omkeshwar Singh: Portfolio is fine. HDFC Sensex 30 or UTI Nifty 50 can be considered.

 

Amit Pathak: I'm Amit Pathak, 39 years old. I have invested in SIP as follows.

1. L&T Emerging Business Opportunities Fund (Growth) -- Rs 3,000 monthly since January 2017. Current value Rs 3.52 lakhs
2. UTI Flexi Cap Fund -- lump sum investment of Rs 50,000, six months ago
3. L&T Nifty 50 Index Fund -- Rs 50,000 in NFO a few months ago
4. Equities in the form of stocks -- Rs 2.5 lakhs

I want to invest Rs 20,000 per month in SIP for 5-7 years.

Kindly advise good funds with high returns and balanced risk profile.

Thank you in advance for your advice.

Omkeshwar Singh: These funds can be considered

1. Axis ESG Equity Fund (Growth)
2. SBI Magnum Global Fund (Growth)
3. DSP Focus Fund (Growth)
4. ICICI Prudential US Bluechip Equity Fund (Growth)

 

Ila: I will come by Rs 12 lakh in lumpsum by the end of the year and I would like to park it in FD and use the interest to invest in SIP.

Can you please suggest me some good SIPs?

I am a single woman, early 40s and wish to build up my portfolio.

I have been very late with financial planning and hence would request for the appropriate way for this money to generate some growth.

Omkeshwar Singh: These funds can be considered

1. Axis ESG Equity Fund (Growth)
2. Parag Parikh Flexi Cap Fund (Growth)
3. SBI Magnum Global Fund (Growth)
4. DSP Focus Fund (Growth)
5. ICICI Prudential US Bluechip Equity Fund (Growth)

 

Asit Johari: I am cumulatively investing Rs 10,300 in sip every month.

I have a fear that overdiversification may reduce my ultimate return. I am currently aged 28 and planning to invest till my retirement.

Please let me know how I can consolidate my funds.

Omkeshwar Singh: Continue with 3, 4, 5, 6, 7, 8 and 9.

 

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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