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Rediff.com  » Getahead » 'MF Guru: Can I make Rs 2 cr in five years?'

'MF Guru: Can I make Rs 2 cr in five years?'

By OMKESHWAR SINGH
December 09, 2022 08:54 IST
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Do you have mutual fund queries?

MF guru

Illustration: Dominic Xavier/Rediff.com

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

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.

 

Vijay Sharma: I am investing in below mentioned MF monthly for the past 2.5 years.

  1. Kotak Emerging Equity Fund(G)- 7500/-
    2. Mirae Asset Emerging Bluechip fund(G)-2500/-
    3. Canara Robeco Emerging Equities (G)-5000/-
    4. Aditya Birla Flexi Cap fund (G)-5000/-
    5. Parag Parikh Flexi Cap fund (G)-5000/-

    Kindly suggest whether these funds are good or I need to diversify. I wanted an amount of around 2-3 cr before retirement. Currently my age is 39 years.

Omkeshwar Singh: These are good funds, no further diversification is required

 

Vinita Rakheja: I am 28 and can invest 40k in month. At present I am investing 10k in Quant Tax Plan. I plan to build a corpus in next 10 years for home buying and retirement.

Omkeshwar Singh: Schemes that may be considered are as under

HDFC Index Fund – Sensex Plan – Growth

UTI Flexi cap Fund – Growth

Axis ESG Equity fund – Growth

Samco Flexi cap fund – Growth

Motilal Oswal Mid cap Fund - Growth

Nippon India Small Cap Fund – Growth

 

Kartik Chandra Mahato: I am 42 years old. I need your help with mutual fund, planning to retire in 5 years with corpus of 2 Cr.

What will be amount I need to buy mutual fund so that I can have corpus of 2 Cr after 5 years?

Omkeshwar Singh: For Rs 2 cr in 5 years, the monthly investment required will be Rs 2,25,000.

 

Vijay: I am 47 years old and have been investing in SIP as per below. Please suggest if any optimisation is suggested in the SIP portfolio.

SBI BLUE CHIP FUND - REGULAR PLAN – GROWTH: 10,000.00

NIPPON INDIA PHARMA FUND - GROWTH PLAN - GROWTH OPTION: 10,000.00

ADITYA BIRLA SUN LIFE FRONTLINE EQUITY FUND – GROWTH: 10,000.00

SBI BLUE CHIP FUND - REGULAR PLAN – GROWTH: 5,000.00

MIRAE ASSET LARGE CAP FUND GROWTH PLAN: 5,000.00

AXIS SMALL CAP FUND - GROWTH PLAN: 10,000.00

SBI FOCUSED EQUITY FUND REGULAR GROWTH: 10,000.00

SBI FOCUSED EQUITY FUND REGULAR GROWTH: 5,000.00

CANARA ROBECO EQUITY TAX SAVER REGULAR GROWTH: 10,000.00

MIRAE ASSET EMERGING BLUECHIP FUND - REGULAR PLAN GROWTH OPTION: 2,500.00

ICICI PRUDENTIAL BLUECHIP FUND - GROWTH: 5,000.00

ICICI PRUDENTIAL BLUECHIP FUND - GROWTH: 5,000.00

AXIS GOLD FUND - GROWTH: 10,000.00

BANK OF INDIA MID AND SMALL CAP EQUITY AND DEBT FUND GROWTH: 5,000.00

ICICI PRUDENTIAL LONG TERM BOND FUND - GROWTH: 5,000.00

Omkeshwar Singh: Many schemes are repeated, consolidate them in one and then share the portfolio for further optimization.

 

Gaurav Prasade: I am 37 years old with below mentioned SIPs. Please suggest for any changes to allocation. Also, I will be stepping up the SIPs by 10 to 15% annually. Please suggest if I should step up existing schemes or add any new one. My objective is build portfolio of 1 Cr. In 10 years. 

HDFC Index Fund - Sensex Plan - 5k - Jan21

PPFAS Flexi Fund - 10k - Mar21

Mirae Asset Focused Fund - 5k - Sep21 (lumpsum 65k in 2019) 

Axis Growth Opportunity Fund - 5k - Dec21

PPFAS conservative HY Fund - 3k - Aug22 (Lumpsum 30k in 2021) 

Quant Active Fund - 2k - Aug21

Omkeshwar Singh: No changes required, and step up in the existing SIPs only, no need to add funds.

 

Senthil Kumar: Aged 47 Years, I am planning for a retirement fund of Rs3 Cr. Please guide.

Omkeshwar Singh: In 13 years, Rs 3 cr corpus can be created by monthly investment of Rs 70,000

 

Shankar Natarajan: Hello Sir, I'm 46 years old. I've not done any in MF recently. I'm planning to start Index funds SIP ~15000 per month. Can you please suggest Index fund low risk moderate returns?

Omkeshwar Singh: Please let know if the index funds will be equity or debt?

 

Balaji: I'm 39 years Old - Need your advise - I have yet to start the SIP or Mutual investments in my life due to fear factor. But i thought i can start something now due to age and plan for my kids wellness.
Currently My Investments will be as per below:

  1. LIC Jeevan Anand - 60k Per Year
  2. LIC Super Annuation 84k Per year
  3. NPS - 57K Per year

Please advise for investments.

Omkeshwar Singh: You can start investment in hybrid funds like ICICI Pru Balanced Advantage Fund, HDFC Balanced Advantage Fund, Edelweiss Balanced advantage funds.

 

Arvind Gupta: I am 40 years old and want to create a MF portfolio that will give me = 15% return for the next 6-8 years. I am fairly open to taking risks. Can you pls suggest a basket of 5-6 funds and how much to invest in each of them to get a corpus of 1Cr at the end of the time frame?

Omkeshwar Singh: Rs 1 cr in 8 years will require an investment (Monthly) of Rs 54000.

Schemes that can be considered are as under

HDFC Index Fund – Sensex Plan – Growth

UTI Flexi cap Fund – Growth

Axis ESG Equity fund – Growth

Samco Flexi cap fund – Growth

Motilal Oswal Mid cap Fund - Growth

Nippon India Small Cap Fund - Growth

 

Guru Rakshith: Hi, I'm 26 year old. I want to build a Corpus of 10 CR, which includes buying a home in 5 years and marriage and children education and also retirement.

I'm having investment in the following in monthly wise 

1) NPS TIRE 1 2500 Rs

2) NPS TIRE 2 2500Rs

3) postal office PLI 3500 RS 

4) SBI Focused equity 1000 Rs

5) health insurance 675 Rs

6) term insurance 2300 Rs

I want your suggestion on investing in MFs which includes tax saving also as I fall under 30% bracket with annual CTC 13LPA. I can invest another Rs 15k per month.

Omkeshwar Singh: Please let know the duration for each goal.

Rs 15K in 5 years can create a corpus of Rs 12.7 lakh 

 

Read more of Omkeshwar Singh's responses here.


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.


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