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Wait Till Budget To Start New SIPs?

By OMKESHWAR SINGH
January 13, 2022 08:54 IST
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Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:


Ranjan Das: Hope you are doing well in this adverse situation.

I am a regular follower of your articles published on Rediff.com.

I need your valuable suggestion for creating a corpus of Rs 1 crore in the next 8-10 years.

I have started monthly SIPs totalling Rs 6,000 in 2019 in the following funds. I have also made a lump sum investment of of Rs 1 lakh in 2019.

I seek your advice to invest an additional Rs 10,000 per month via SIP.

Which are the best funds I should go for? Also, please suggest if I should continue with the current funds to reach my target corpus.

Mutual Funds Plan Amount
HDFC Mid-Cap Opportunities Fund Growth Rs 2,000
SBI Blue Chip Fund Direct Rs 2,000
HDFC Capital Builder Value Fund Growth Rs 2,000
HDFC Balanced Advantage Fund Growth Rs 1 lakh, lump sum

Omkeshwar Singh: You may just add one fund -- Axis ESG Equity Fund.

To reach a corpus of Rs 1 crore in 10 years, a SIP amount of Rs 40,000 will be required.

Do plan accordingly.

 

Abhishek Gupta: Hope you are doing well.

I am looking for the best performing ELSS fund in the last 3-5 years.

I plan to invest Rs 5,000 per month via SIP.

I am 39 years old and have very recently started investing in MFs with the aim of generating a corpus of Rs 2 crores by the time I turn 55.

Other than MF, I invest in PPF and plan to start NPS soon.

I am currently investing in the mutual funds listed below.

Any other suggestion like a good flexicap fund or any other?

Given the market condition, should I wait for few months to start new SIP?

Mutual Funds Plan Amount
Axis Focused 25 Direct Growth Rs 3,500
Axis MidCap Direct Growth Rs 3,000
Axis Bluechip Direct Growth Rs 6,000
SBI Magnum Midcap Direct Growth Rs 2,000

Omkeshwar Singh: In the flexicap category, you may consider UTI Flexi Cap or PPFAS Flexi Cap, growth option.

There is no need to wait. In case you do want to wait, please wait till the Budget, but not beyond that.

 

Shubham Singhania: Hello Sir. Wish you are in good health!

You are doing tremendous work and I follow a lot of your advice.

I would like to share my family's SIP portfolio to get your review.

We have a minimum horizon of 10 years.

Father (50 years):

Mutual Funds Amount
Axis Midcap Fund Rs 5,000
Canara Robeco Bluechip Equity Rs 2,500
ICICI Prudential Technology Fund Rs 5,000
Mirae Asset Emerging Bluechip Fund Rs 2,500

Mother (50 years)

Mutual Funds Amount
ICICI Prudential Technology Fund Rs 4,000
Mirae Asset Emerging Bluechip Fund Rs 2,500
PPFAS Flexi Cap Fund Rs 5,000
PGIM India Global Equity Opportunities Fund Rs 4,000
Quant Active Fund Rs 4,000
Quant Small Cap Fund Rs 2,500

Myself (25 years)

Mutual Funds Amount
Axis Midcap Fund Rs 5,000
Axis Small Cap Fund Rs 5,000
Nippon India Growth Fund Rs 5,000
Invesco India Mid Cap Fund Rs 5,000
Mirae Asset Emerging Bluechip Fund Rs 2,500

Sister (20 years)

Mutual Funds Amount
Kotak Small Cap Fund Rs 5,000
Invesco India Mid Cap Fund Rs 2,500
Mirae Asset Emerging Bluechip Fund Rs 2,500
PPFAS Flexi Cap Fund Rs 5,000
PGIM India Flexi Cap Fund Rs 2,500

I have recently closed these SIPs; should I restart any of them?

Mutual Funds
HDFC Mid-Cap Opportunities Fund
Sundaram Rural and Consumption Fund
IDFC Flexi Cap Fund
IDFC Sterling Fund
Nippon India Small Cap Fund

Please suggest any additions or deductions.

Omkeshwar Singh: Please continue for all of you. As for the funds you have discontinued, let them remain discontinued.

 

Rakesh Thakur: I am 56 years old, have available funds of Rs 60 lakhs which I want to use in SWP MF scheme to earn 50k/month immediately and also see a decent growth for next 15 years please. Thanks.

Omkeshwar Singh: You may consider the below basket (20% of corpus for investment and 20% of SWP amount from each)

Mutual Funds Plan Per cent
Edelweiss Balanced Advantage Fund Growth option 20
Canara Robeco Equity Hybrid Fund Growth 20
Motilal Oswal Equity Hybrid Fund Growth 20
Union Balanced Advantage Fund Growth 20
Tata Balanced Advantage Fund Growth 20

 

Gaurang Pathak: Where should I invest my savings for regular income after retirement?

Omkeshwar Singh: You should have a combination of debt (banking, PSUs, gilts and corporate bonds) and a balanced advantage hybrid fund with a SWP option.

 

Rahul Singh: I am 34. I started SIP in MFs since 2019 and presently contribute a total of Rs 25,000 monthly:

I will be increasing my monthly SIP. Is there any other fund which I should invest in? Or should I keep going with the same?

Mutual Funds Plan
1. Mirae Asset Emerging Bluechip Direct growth
2. Mirae Asset Tax saver Direct growth
3. SBI Banking & Financial Services  
4. SBI Small Cap  
5. Franklin India Feeder US Opportunities  
6. Mirae Asset NYSE Fang + ETF Fund of Fund  

Omkeshwar Singh: Don't add any more, these are good funds. If you want to increase in these funds only, avoid sectoral funds.

 

Rushabh Shah: I am 37 years and am investing in these mutual fund via a monthly SIP.

SIPs for funds 4 to 13 and 15 to 19 have been discontinued.

Request your valuable guidance.

Mutual Funds Plan Amount
1. Kotak Emerging Equity   Rs 5,000
2. Mirae Asset Large Cap Fund   Rs 3,000
3. Canara Robeco Emerging Equities Direct Plan- Growth Rs 3,000
4. Axis Long Term Equity Fund Direct Plan- Growth  
5. Aditya Birla Sun life Dynamic Bond Fund    
6. HDFC Housing Opportunities Fund Growth  
7. SBI Equity Hybrid Fund Direct Growth  
8. SBI Blue Chip Fund Direct Growth  
9. ICICI Prudential All Seasons Bond Fund Direct Growth  
10. Mirae Asset Emerging Bluechip Fund Direct Growth  
11. Invesco India Growth Opportunities Fund Direct Growth  
12. UTI Midcap Fund Growth Option    
13. IDBI India Top 100 Equity Fund    
14. SBI Magnum Gilt Fund Direct Growth  
15. Axis Bluechip Fund Direct Plan Rs 5,000
16. SBI Magnum Midcap Fund Direct Growth  
17. SBI Equity Hybrid Fund Regular Growth  
18. SBI Magnum Midcap Fund Regular Growth  
19. UTI Flexi Cap Fund Growth Option- Direct  
20. ICICI Prudential Value Discovery Fund Growth  

Omkeshwar Singh: 1 to 3 are fine. Instead of 15, continue with 19.

 

Nandan Babu: I'm 49 years old and want to start investing in mutual funds.

Till date, my investments are either in real estate or gold. Now, I would like to start with some investments to secure my retirement.

Since I'm completely new to the subject, kindly do suggest and guide me as to which mutual funds I should invest in initially for better results.

If you can help me with the process, I would be very grateful.

Omkeshwar Singh:

You may consider the below basket

Mutual Funds Plan Per cent
Edelweiss Balanced Advantage Fund Growth option 20
Canara Robeco Equity Hybrid Fund Growth 20
Motilal Oswal Equity Hybrid Fund Growth 20
Union Balanced Advantage Fund Growth 20
Tata Balanced Advantage Fund Growth 20

 


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