'I am 39 years old, looking at building corpus in next 10-15 years by investing in MFs.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries:
Rhitwik Ray Chaudhuri: I am 37 years old and my investments are listed below. My risk appetite is medium.
A) Ongoing SIP
- Franklin India Prima Plus - Growth ₹ 2,500.00
- Franklin India Bluechip Fund - Direct Dividend ₹ 2,000.00
- ICICI Prudential Value Discovery Fund - Growth ₹ 4,000.00
- Kotak Emerging Equity Scheme-Growth ₹ 3,000.00
- Mirea Asset India Equity Fund - Regular Growth ₹ 3,000.00
- SBI Magnum Multicap Fund - Direct Dividend ₹ 2,000.00
B) Mutual Fund lump sum Investment
- Axis Long Term Equity Fund-Dividend ₹ 20,000.00
- Axis Long Term Equity Fund-Direct Dividend ₹ 25,000.00
- Franklin Build India Fund - Direct Dividend ₹ 25,000.00
- ICICI Prudential Long Term Equity Fund (Tax Saving) - Dividend ₹ 25,000.00
- Kotak Tax Saver Scheme - Direct Plan - Dividend ₹ 25,000.00
Please advise if I should hold, discontinue or switch or add any MF in my portfolio.
Growth option should be opted for Investments in Mutual Funds
Dividend reinvestment option attracts stamp duty on every reinvestment amount
Dividend pay-out option is tax inefficient post removal of DDT and also the pay-out value keeps changing and at time there may not be pay-out at all. If periodic pay-out is must, then Growth option of the scheme to be selected and SWP can be set up so that there is consistency in the pay-out amount.
Raj Sarkar: I am investing in following funds my age is 45 is there any need to invest or if it is kindly suggest funds for at least 10-15 years and amount to invest and can continue with below finds.
Yugal Kishore Soni: Thanking you in advance. Can you please review my MF portfolio below and advise on:
1. What to do with Active SIPs?
Avoid too many funds, beyond a point the diversification reduces the performance of the portfolio, stick to 4 to 6 great quality schemes; Consolidate the funds in 4-6 Funds
2. What to do with Stopped SIP (they have funds invested)
Can Exit and invest it in Consolidated Funds
Durgaprasad Mohapatra: I am a 39 years old person, looking at building corpus in next 10-15 years by investing in MFs. As of now i am into the below SIPs. Kindly advise, whether i am on track or any suggestion.
Santosh: I have 8 MF ongoing SIPs, which started recently, kindly review and advise details as below. further in addition to this if i want to invest sum lumpsum amount may 10 lacs, which better option you suggest
Santosh Iyer: I have investments in the following mutual funds. (all Growth option). Please advise whether I can continue with them or should change.
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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.