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Rediff.com  » Getahead » ASK MF GURU: 'I haven't invested in MFs'

ASK MF GURU: 'I haven't invested in MFs'

By OMKESHWAR SINGH
September 01, 2022 08:54 IST
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'I want to start investing SIPs, monthly investment would be 1,500-2,000.'

Illustration: Dominic Xavier/Rediff.com

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

 

TGA: I saw your kind answers to many queries on Rediff and wanted to ask your advice on my retirement financial model. Here it is:

Portfolio:

Hybrid 10%

Flexi 10%

Mid 10%

Small 5%

Contra 5%

All India funds only. 

I am 2 years from retirement and want to start drawing 3% out every year from next year but only 0.25% monthly no one shot annual drawing. 

Question to you: Assuming I have 30 more years to live do you THINK will the above model work? I have evaluated the bucket model and feel the full equity model is better. 

Please let me know your thoughts.

With 3 % annual withdrawal,

Omkeshwar Singh: Bucket /Basket route is good for post-retirement investment and periodic withdrawal.

Combination of Equity and Hybrid funds can provide for 30 years

Also 3% annual withdrawal is very decent, that will ensure that the money does not get depleted and in-fact the corpus will only keep growing

Raj Kotwadekar: Age: 23 

Question: I want to start investing in MF through SIPs, monthly investment would be 1500-2000. My goal is to invest for 10-15 years from now. And keep the amount invested for another 10 years, to use the compounding power.

Can you suggest me few mutual funds? Please note: my basic idea was to invest 1000 in a reputed/large cap fund and 500 in another fund (Growth). Please suggest.

Omkeshwar Singh: Large cap fund: HDFC Top 100 – Growth plan OR SBI Blue chip fund  - Growth

Flexi Cap Growth option: Parag Parikh Flexi Cap Fund- Growth OR Samco Flexi Cap Fund – Growth

Dipesh Negi: I am 19 years old and currently pursuing my graduation. 

I want to start a SIP of Rs 1000 for short term (3-5 years) which will give high returns with high risk or moderate risk. Can you please suggest me some MF for my plan? I can start investing in 2 or 3 SIP after 3-4 months. 

Omkeshwar Singh: You may consider these:

1. Parag Parikh Conservative Hybrid Fund - Growth

2. ICICI Prudential Balanced Advantage Fund - Growth

3. HDFC Balanced Advantage Fund - Growth

Ninad Karnik: Hope you are doing well! I would like to know which MF should I invest and with how much amount for below corpus.

Retirement - 2cr

Daughter’s Education – 50 lakh

Also please suggest how much i should invest yearly in Sukanya Samrudhi Yojna.

Omkeshwar Singh: Retirement: You may consider below funds:

  • Parag Parikh Flexi Cap Fund- Growth
  • Samco Flexi Cap Fund – Growth
  • UTI MNC Fund - Growth Plan
  • HDFC Index Fund - Sensex Plan  - Growth

Monthly Investment of Rs 30,000 for 15 years 

Daughter Education:

1. Parag Parikh Conservative Hybrid Fund - Growth. 

2) ICICI Prudential Balanced Advantage Fund - Growth

3) HDFC Balanced Advantage Fund  - Growth

Monthly Investment of Rs 30,000 for 10 years 

You may invest up to 1.5 lakh per annum in Sukanya Samrudhi Yojna and also claim tax deduction under section 80 C

Prince Reid: I haven't invested any amount in MF so far but planning to invest for 15-20 years for early retirement. Kindly advise. My age is 34 years and can invest 10 k each month and will increase 10-15% every year.

Omkeshwar Singh: You may consider below funds:

  • Parag Parikh Flexi Cap Fund- Growth
  • Samco Flexi Cap Fund – Growth
  • UTI MNC Fund - Growth Plan
  • HDFC Index Fund - Sensex Plan  - Growth

Karthik Keyan: Please advise. I am investing in the following MF SIPs:

  • Axis Flexi cap fund 6000/- from April 2022
  • Axis Bluechip 5000/- from Nov 2021
  • Canara Robeco Blue chip 5000/- from Feb 2022
  • Canara Robeco Emerging Equities 5000/- from Jan 2022
  • Icici value discovery 5000/- from May 2022
  • Mirae Asset Emerging Equities 2500 /-From Jan 2022
  • Franklin India Focussed Eq Fund 2500/- from Sep 2016
  • Sbi flexicap fund 2500/- from Sep 2016
  • Mirae Focussed fund 5000/- from Sep 2019

Omkeshwar Singh: These are good funds, please continue.

Syed Rahaman: I am 46 years old now and estimating a requirement of approx 2 Cr at the age of 58. I am continuing below mentioning SIP from the last two years. Need you valuable suggestions to achieve my target. 

SIPs are for Total Amount of 33000/ month

  • Axis Focused 25 Fund - Growth -- 2500
  • Aditya Birla Sun Life Frontline Equity Fund - Growth -- 2500
  • HDFC Hybrid Equity Fund - Regular Plan - Growth -- 5000
  • Axis Bluechip Fund - Growth -- 2500
  • Axis Growth Opportunities Fund - Growth -- 2500
  • DSP Mid Cap Fund - Growth -- 3000
  • HDFC Small Cap Fund - Regular Plan - Growth -- 3000
  • IDFC Focused Equity Fund - Growth -- 3000
  • L&T Emerging Businesses Fund - Regular Plan – G -- 3000
  • SBI Blue Chip Fund - Growth -- 3000
  • UTI Flexi Cap Fund - Growth -- 3000

Omkeshwar Singh: This seems to be within reach in 14 years (2 years prior and 12 years hence forth).

Vanden Jain: I hope everything is well. I need some investment advice. I am a 22-year-old salaried person. I need to create a corpus of 10+ cr in the upcoming 30 years for retirement/higher studies. I can invest 50-60k/month. Please suggest some suitable MFs and other investments. 

Thanks! I am looking forward to hearing from you soon. 

Omkeshwar Singh: You may consider below funds:

  • Parag Parikh Flexi Cap Fund- Growth
  • Samco Flexi Cap Fund – Growth
  • UTI MNC Fund - Growth Plan
  • HDFC Index Fund - Sensex Plan  - Growth

Ashwin Jain: Please help me with the following queries.

I have lump sum 60 lakh that I want to invest in MFs along with SIP of 60,000 pm. I am open to high risk and am considering a goal of 2.5 crore from MF.

Q. Is my goal feasible by 2029?

Omkeshwar Singh: Yes !

Q. Can you suggest some MFs for this?

Omkeshwar Singh: You may consider below funds:

  • Parag Parikh Flexi Cap Fund- Growth
  • Samco Flexi Cap Fund – Growth
  • UTI MNC Fund - Growth Plan
  • HDFC Index Fund - Sensex Plan  - Growth

Manjunath: I am 36 years old. Can you please help me know if my mutual fund investments are in line with the current market situation. 

I am looking for good retirement amount of 2-4cr and kids (6 year old) education requirements. I am ok to invest another 10-15 k SIP, please suggest me other options or funds.

Also is the ET money genius subscription worth for doing 10k sip. They charge 740 approx quarterly.

Omkeshwar Singh: Kindly provide the portfolio


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.

You can read more of Omkeshwar Singh's responses here.


Note: The questions and answers in this advisory are published to help the individual asking the question as well the large number of readers who read the same.

While we value our readers' requests for privacy and avoid using their actual names along with the question whenever a request is made, we regret that no question will be answered personally on e-mail.

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OMKESHWAR SINGH / Rediff.com