Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:
Paramesh Bojan: I'm investing 40k per month since 2020 on the following funds:
Parag Parikh flexi - 20k
Axis Midcap direct - 10k
Canara Robeco blue-chip- 4k
Mirae emerging blue-chip - 3k
Edelweiss smallcap - 3k
Parag and Axis combined are for duration of 7-10 years for a goal corpus of 75Lakh - 1 crore
Omkeshwar Singh: This is fine
The remaining 3 are for 12-15 years with periodic step-up targeting 1 crore minimum. Kindly advise if am on right path.
Omkeshwar Singh: 5 years with 10% annual step up will be required
Bhupendra Kumar: I am 34 years old and an aggressive investor. I am investing for wealth creation with the horizon of 20-25 years. I have the following portfolio in MF with direct-growth option:
1. 3500 SIP in mirae aseet emerging bluchip
2. 3000 SIP in ELSS Axis long term term equity
3. 1500 SIP in Axis bluchip find
Now, my questions are:
Whether my portfolio needs rebalancing?
Omkeshwar Singh: No
Are any of the funds not performing well and should I exit and choose another one?
Omkeshwar Singh: Give it adequate time, compare it with benchmark and peers for couple of quarters then only take any decision.
I want to start another 5000 monthly SIP preferably in small cap. Is it a good thinking? If yes, which fund from small cap should I go for?
Omkeshwar Singh: Since your portfolio does not have small cap you may add 1. Kotak / SBI / Axis or UTI are decent funds.
In future, should I look for another fund when I want to increase my SIP or start increasing the amount in the existing ones, if yes, which one?
Omkeshwar Singh: 1 or 3 rd is fine
Manju Ann Mathews: Sir, I am 35. My monthly sip investment is 37,500 and my portfolio is below. I look forward to investment tenure of 15 years. Please advise whether I can follow these funds:
Axis Bluechip Fund Direct Plan Growth- 6000
SBI Bluechip Direct Plan Growth-3500
ICICI Prudential Technology Direct Plan Growth-3000
Nippon India Liquid Fund Direct- 3000
Kotak Corporate Bond Fund Direct Growth-5000
Mirrae Asset Emerging Bluechip Fund Direct Growth-2500
DSP Midcap Direct Plan Growth -5000
Parag Parikh Flexi cap Fund Direct Growth-9500
Omkeshwar Singh: Please continue, it has decent mix of debt and equity funds
Pahuljot Singh: I want to invest in debt funds for stable return of 6- 8% for time period of 4-5 years. Will investment in corporate bond funds/ dynamic bond fund be good idea in this rising interest rate era?
Omkeshwar Singh: In rising interest era short duration fund is advisable
Uday Kul: As per my asset allocation, I have invested in debt funds. Now I understand that it will give me a meagre return due to rate hikes.
My investment is in:
ABSL Short duration fund
HDFC Short duration fund
ICICI Corporate Bond Fund
ABSL Liquid Fund
What is the way out for me? Should I exit?
Omkeshwar Singh: Short duration is suitable for rising interest rate environment, so no need to exit.
Though I want to invest for the long term, I have my quota in equity MF. Hence do not want to invest more in equity MFs.
Omkeshwar Singh: No issues
Also is it advisable to lock money in Bajaj Finance or HDFC FD now or one should wait for further rate increase?
Omkeshwar Singh: Should wait for some time before taking any decision.
Manoj Wadhwa: I am holding the following mutual fund schemes. I have no immediate expenses for the next 5 years at least. Should I hold these mutual funds?
1. Axis Bluechip Fund
2. Axis Midcap Fund
3. Axis Smallcap Fund
4. Axis Growth Opportunities Fund
5. Tata Digital India Fund
6. Parag Parikh Flexicap Fund
Omkeshwar Singh: Please continue
Pranabananda Satapathy: I am 48. Sir I have SIP in the following funds. Please let me know if I should continue or need to do any change in my investment.
1) ADITYA BIRLA SUN LIFE FRONTLINE EQUITY FUND-GROWTH Rs.1000 13.06.2016 (date)
2) DSP MID CAP FUND--GROWTH Rs.3000 12.06.2017
3) HDFC MID CAP OPPORTUNITIES FUND-GROWTH Rs.2000 20.12.2016
4) ICICI PRUDENTIAL VALUE DISCOVERY FUND-GROWTH Rs.1000 14.06.2016
5) MIRAE ASSET EMERGING BLUECHIP FUND-GROWTH Rs.1000 14.06.2016
6) MIRAE ASSET TAX SAVER FUND-GROWTH Rs.2000 19.12.2016
7) HDFC CHILDRENS GIFT FUND-GROWTH Rs.1000 13.06.2016
8) AXIS FLEXI CAP FUND-GROWTH Rs.3000 02.06.2021
9) MIRAE ASSET HYBRID-EQUITY FUND-GROWTH Rs.1500 02.06.2021
10) MIRAE ASSET MIDCAP FUND-GROWTH Rs.3000 05.07.2021
11) NIPPON INDIA SMALL CAP FUND -GROWTH Rs.1000 26.12.2017
Sir I have invested lump sum amount in the following funds. Please suggest whether to continue or exit.
1) ADITYA BIRLA SUN LIFE BANKING AND FINANCIAL Rs.50,000 22.08.2016 (date) Rs.79,647 (present value)
2) ADITYA BIRLA SUN LIFE FRONTLINE EQUITY Rs.50,000 22.08.2016 Rs.87,455
3) ADITYA BIRLA SUN LIFE SMALL CAP FUND-GROWTH Rs.100,000 29.06.2017 Rs.132,490
4) HDFC HYBRID EQUITY FUND-GROWTH Rs.120,273 01.06.2018 Rs.178,746
5) ICICI PRUDENTIAL BLUECHIP FUND-RETAIL-GROWTH Rs.20,042 22.02.2018 Rs.31,422
6) L&T INDIA VALUE FUND-GROWTH Rs.25,000 22.08.2016 Rs.48,505
7) L&T INDIA VALUE FUND-GROWTH Rs.150,000 17.04.2017 Rs.245,565
8) MIRAE ASSET TAX SAVER FUND-GROWTH Rs.25,000 22.08.2016 Rs.61,878
9) MIRAE ASSET TAX SAVER FUND-GROWTH Rs.105,000 28.04.2017 Rs.216,372
10) ADITYA BIRLA SUN LIFE PURE VALUE FUND-GROWTH Rs.50,000 06.11.2018 Rs.65,281
11) ADITYA BIRLA SUN LIFE TAX RELIEF 96-GROWTH Rs.100,000 06.11.2018 Rs.128,895
12) L&T EMERGING BUSINESS FUND-GROWTH Rs.100,000 13.12.2017 Rs.155,097
13) MIRAE ASSET BANKING & FINANCIAL Rs.264,987 16.12.2020(STP) Rs.273,346
14) MIRAE ASSET BANKING & FINANCIAL Rs.50,000 23.11.2021 Rs.44,129
15) MIRAE ASSET GREAT CONSUMER FUND-GROWTH Rs.180,000 13.12.2017 Rs.284,600
16) MIRAE HEALTHCARE FUND-GROWTH Rs.200,000 09.11.2018 Rs.401,429
17) MIRAE ASSET MIDCAP FUND-GROWTH Rs.235,462 9.12.2020(STP) Rs.280,601
18) NIPPON INDIA SMALL CAP FUND-GROWTH Rs.100,000 12.12.2017 Rs.178,693
19) TATA FLEXI CAP FUND-GROWTH Rs.100,000 09.11.2018 Rs.149,127
20) TATA INDIA CONSUMER FUND-PLAN A-GROWTH Rs.100,000 09.11.2018 Rs.141,382
21) UTI SMALL CAP FUND-GROWTH Rs.100,523 22.12.2020(STP) Rs.137,025
Omkeshwar Singh: Too many funds, please consolidate it in 4 to 5 funds
Shashank Tripathi: I am 32 years old and started investing in SIP from the year 2022 onwards. I am investing 36000 per month but there are too many funds and want to reduce it to a minimum number of funds. I am planning to create a corpus of around 5 crore at the end through this and invest for the next 20 years. Please suggest what changes/mergers I should make. Also do I need to increase the SIP amount to reach this goal?
1. Parag Parikh Flexi Cap - 5000
2. Axis Growth Opportunities - 2000
3. Axis Triple Advantage - 3000
4. Mirae Asset Emerging Bluechip - 2000
5. Sundaram Equity Savings - 1000
6. SBI Small Cap - 5000
7. SBI Focused Equity - 2000
8. Canara Robeco Emerging Equities - 5000
9. PGIM India Midcap Opportunities - 200
10. DSP Quant Fund - 2500
11. DSP Focus Growth - 2500
12. HDFC Nifty 100 Equal Weight Index Fund - 2000
13. HDFC Tax Saver – 2000
Omkeshwar Singh: Funds are good, however too many
Devendra: I want to invest around 10,000/- pm in MFs. Following are some of the funds suggested by my friends.
SBI Contra Fund - Direct Plan - Growth
BOI AXA Tax Advantage Fund - Direct Plan Growth
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth
Quant Active Fund Direct-Growth
Aditya Birla SL India GenNext Fund (G)
Reliance Growth Fund (G)
Tata Equity P/E Fund (G)
Axis Bluechip Fund - Direct Plan - Growth
Aditya Birla Sun Life Digital India Fund Growth
Tata Digital India Fund Growth
Parag Parekh Flexi cap Growth
Can you please advise which are the best ones from above or your advice to invest in others?
Omkeshwar Singh: Sectoral funds are there, only one can be looked upon, 4, 7, 8, 11 seems better options
Siddhartha Rao: I want to start SIP for my daughter with a monthly amount of Rs. 1500 for long term. She is now 12 years old. Kindly suggest a better option which can be help for long run.
Omkeshwar Singh: You may look at:
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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.
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