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Rediff.com  » Getahead » MFs To Help Achieve Your Family Goals

MFs To Help Achieve Your Family Goals

By OMKESHWAR SINGH
February 15, 2022 09:24 IST
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'Is my portfolio good for retirement purpose, daughter's education, her marriage, buying a flat, etc?'

Illustration: Dominic Xavier/Rediff.com

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


Mahesh Mishra: I need a monthly income of 1 lakh in 10 years and want to build sufficient corpus for this. My current corpus is 15 lakh. I am currently investing as per below:

Axis long term 5000

Axis blue chip 5000

Sbi small cap 5000

UTI NIfty index 5000

Mirae emerging bluechip 3000

Tata technology fund 5000

Pgim multicap 2000

Quant active fund 2000

Franklin india us opportunities 1000

Please advise if these funds are good or some changes required. Please also share names of other good funds where I can additionally invest. Also there is less exposure in international funds, gold funds and midcap. Please also advise on it.

Omkeshwar Singh: Please continue; no need to add any more funds

Swapneel Kolhe: I am doing monthly SIP for Rs 27000 in below funds, can you please advise if I can continue with the same or if I need to merge some of the funds.

I am looking for long term investment:

HDFC Top 100 Fund - Rs 1500
ICICI Prudential Value Discovery Fund - Rs 2000
Sundaram Midcap Fund - Rs 2500
SBI BlueChip Fund - Rs 3000
ICICI Pru Equity & Debt Fund - Rs 3000
L&T Midcap Fund - Rs 3500
Mirae Asset Emerging Bluechip - Rs 3500
Kotak Standard Multicap Fund - Rs 3000
Axis Long Term Equity - Rs 3000
Parag Parikh Flexi Cap Fund-Reg(G) - Rs 2000

Omkeshwar Singh: Please continue; can be reviewed post 6 months

Satyakalau: I am 52 years old. I and my wife have investments in Mutual funds divided into 4 buckets for different requirements/milestones

SIP Funds are No-1:

HDFC midcap opportunities fund
Tata large & midcap fund
ICICI blue chip opportunities fund(stopped)
SBI focused fund(stopped)
Nippon small cap fund
Franklin smaller companies fund(stopped)

No-2:

Kotak flexicap fund
Mirae India opportunities fund
Mirae emerging blue chip fund
L&T value fund
Quantum long term opportunity fund
Parag Parikh Flexicap fund

No-3:

SBI blue chip fund
SBI Flexicap fund
SBI magnum midcap fund

No-4:

Canara Robeco small cap fund
Principal midcap fund
Invesco India Infrastructure Fund
Tata Digital India Fund
Tata India Pharma & Healthcare Fund
Tata banking & financial services fund
Tata consumer fund

The above are for retirement purpose, daughter's education, her marriage, buying a flat, etc. Total corpus is 22-23 lakhs as of now; total monthly sip contribution is around 40,000 rs. I have retained the fund units where i have stopped the sips.

I shall continue the above activity till the age of 60/ age of retirement.

Please advice on course correction, changes needed, any fundamental changes which are required.

Omkeshwar Singh: Please continue; a decent basket that can cater to all needs is as under and you may consider the below;

  • Samco Flexi Cap fund Growth
  • Motilal Oswal Focused 25 fund Growth
  • Axis ESG Equity fund – Growth
  • DSP Quant fund - Growth

Rajdeep Basu: I have ongoing sip in the following mutual funds:

axis focused 25 fund-gr
canara robeco flexi cap fund-gr
dsp us flexible equity fund-gr
invesco india contra fund-gr
kotak flexicap fund-gr
mirae asset emerging blue chip fund-gr
prag parikhflexi cap fund-reg gr
please advise if any of the funds needs to be replaced.

Omkeshwar Singh: Please continue; funds are good.

David Remigius Mendes: I am 52 years old and I am investing in below MFs. Please suggest if need to changes 

1) SBI Focus fund - 10,000
2) SBI Technology fund - 10,000
3) SBI Banking and finance fund - 10,000
4) SBI Flexi cap - 10,000
5) SBI health care - 10,000
6) AXIS Blue chip fund direct - 10,000
7) AXIS Flexi cap - 10,000
8) AXIS Small Cap - 10,000
9) AXIS Mid Cap - 10,000
10) AXIS Global Fund of Fund - 10,000
11) AXIS ESG Equity - 10,000
12) AXIS Special Situation Fund - 10,000
13) HDFC Small cap - 10,000
14) ICICI Banking and Finance - 10,000
15) Nippon Banking and Finance - 5,000
16) Nippon Health Care - 15,000
17) L&T Emerging Business Fund - 10,000

Below SIP I want to stop

1)    AXIS Long tern Equity Fund ELSS - 13,000
2) Birla Sun Life Tax saving 96fund ELSS - 10,000

Omkeshwar Singh: Please continue; however there are to many funds….

Bidisha Chaudhuri: I'm a 40 year old professional. I've shortlisted below mentioned funds for investment. My target is to build a corpus of 2 crores in next 20 years. How much should be my monthly SIP amount?

  • ICICI Prudential Thematic Advantage Fund (FOF) - Growth
  • ICICI Prudential US Bluechip equity fund growth 
  • MIRAE ASSET EMERGING BLUECHIP FUND - REGULAR PLAN GROWTH OPTION
  • UTI FLEXICAP-GROWTH
  • AXIS FOCUSED 25 FUND - GROWTH
  • HDFC Retrmnt Savings Equity Reg

Omkeshwar Singh: Rs. 18000 per month @13% should be sufficient to achieve the Rs. 2 crs target in 20 years

Rafeeq Ali: Please suggest one-time investment in a good mutual fund for long time which is to be good returns future after 10 years.

Omkeshwar Singh: You may consider the below;

  • Samco Flexi Cap fund Growth
  • Motilal Oswal Focused 25 fund Growth
  • Axis ESG Equity fund – Growth
  • DSP Quant fund - Growth

Somnath Shannigrahi: I am 43 years old. I am a govt employee but do not have much bank balance. I want to create a wealth of 1 Cr in 17 years as a part of retirement benefit.

At present I am investing in these SIP's @ total Rs 9100/month.

1.AXIS ESG-EQUITY FUND-G(Rs 1000/Month)
2.AXIS BLUE CHIP FUND-G (Rs 500/Month)
3.AXIS MID CAP FUND-G (Rs 500/Month)
4.KOTAK SMALL CAP FUND-G(Rs 1000/Month)
5.UTI FLEXI CAP FUND-G(Rs 500/Month)
6.PGIM INDIA FLEXI CAP FUND-DIRECT-GROWTH(Rs 600/Month)
7.PRINCIPAL FOCUSSED MULTI CAP FUND-G (Rs 500/Month)
8.Invesco India Infrastructure FUND-G (Rs 500/Month)
9.DSP QUANT FUND-G(Rs 500/Month)
10.IDFC Sterling Value Fund-Growth-G(Rs 500/Month)
11.Mirae Asset Emerging Blue Chip Fund-G(Rs 1000/Month)
12.PARAG PARIKH FLEXI CAP FUND-G((Rs 1000/Month)
13.UTI SMALL CAP FUND-G(Rs 500/Month)
14.AXIS SMALL CAP FUND-G (Rs 500/Month)
Please tell me whether the funds I chose are the right ones to provide wealth in long term. Are they good enough to be continued.

Omkeshwar Singh: Please continue; too many funds but decent funds.


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

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OMKESHWAR SINGH / Rediff.com