'Insurance products should be used for protection and not investment.'
'A term insurance plan and investment via Mutual Funds are better for wealth creation compared to investment via insurance products.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries:
Noorulla Hussaini: I have invested in the following funds since 3 years and need your expert advice on the path forward.
SIP of 20,000 with mentioned percentage breakdown
Product name: Bajaj Allianz Life Goal Assure
1. Pure Stock Fund (59.36%)
2. Pure Stock Fund II (30.73%)
3. Asset Allocation Fund II (9.91%)
I wish to exit from the mentioned fund but there is a lock-in period of 5 years and I don't have any other option but to continue.
The following funds are on offer to choose for anytime switching:
Equity growth fund 2, accelerator mid cap fund 2, bond fund, liquid fund, blue chip equity fund
Lump sum of 2L in SBI Blue Chip Fund - Regular Plan – Growth.
Omkeshwar Singh: Insurance products should be used for protection and not investment. A term insurance plan and investment via Mutual Funds are better for wealth creation compared to investment via insurance products.
Reshma Surve: I have invested in following mutual funds since last 3-4 years. I can wait for more than 6-7 years.
Harish H: Need your advice and suggestions on the below mentioned funds and the amount each month. Should I continue or switch? If I have to switch what are the mutual funds you suggest?
Currently investing in the following for nearly 2 years now but unfortunately none of the funds seem to be performing or giving any return. In fact few funds are in Red now with negative returns.
Ankit Chudawala: I am married 31. Please can you advise me on my below SIPs which I invest.
ICICI Equity and Debt Direct Growth - Rs. 2000
Motilal Oswal multicap 35 direct growth - Rs. 2000
IDFC Tax Advantage Direct Growth- Rs. 5000
L&T emerging businesses fund direct growth- Rs. 2000
I am also thinking to invest in Axis Blue-chip Fund direct growth.
Please let me know if I can stay invested in all above funds or do I need to switch to another. My investment horizon is for more than 5 years.
Ajit A: Hope you are doing well. My query is I have invested in Franklin Templeton India Opportunities Fund and Franklin Templeton Smaller Companies Fund for more than 3 years now. But, I haven't seen growth in NAV. Not sure if I should continue my investment there or pull out from there and invest elsewhere. If yes, which are the other funds you suggest for a long term investment. Thanks in advance.
Ather Masood: Greetings! I have the following on going SIPs. Kindly advise me if I should continue or switch.
1) Axis BluechipFund-Large Cap-Lumpsum 100000
2) Kodak Focused Equity Fund-Focused-Lumpsum 200000
3) Kodak Stanadard MultiCap Fund-MultiCap-Every Month 10000, investing past 15 months and planned to invest for next 5 years.
4) L&T Emerging Business Fund- SmallCap-Every month 2000, investing past 15 months and planned to invest for next 5 years.
5) SBI SmallCap Fund SmallFund-every month 2000, investing past 15 months and planned to invest for next 5 years.
Thanks a lot in advance for your valuable advice.
Aman Tomar: I am investing in below mutual funds through SIPs from the last 2 years. Results are not as expected. Could you please advice on the best available options?
Kaustubh Deodhar: I have following SIPs. Pls guide whether to increase / continue / hold or exist of Rs. 1000 each.
Cedric Thomas: I have the following SIPs every month in Mutual Funds:
Aarav Thamake: I have SIPs in following Mutual Funds as per details below: Are they good to hold? I have been investing in them since long but don't see any profit till now.
If you want Mr Singh's advice on your mutual fund investments, please mail your questions to firstname.lastname@example.org with the subject line, Mutual Fund Query, 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.