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Investment, Financial Planning, Mutual Fund & Income Tax Queries

Which Mutual funds schemes should I invest for monthly SWP

I am 73 years old person and now retired. I have corps of 20 lacs I want return 20000 p/m from SWP kindly guide me in which funds I have invested approx 12 lacs TATA Equity Pension Fund, SBI Magnum Equity, Motilal Oswal 35 Fund, SBI Mid Cap, Canara Robeco, LT Value Fund, LT Mid Cap Fund, ICICI Banking and Financial Fund, ICICI Equity Debt Fund, ICICI Pru Discovery Fund, HDFC Balance Advantage Fund, HDFC Mid Cap and HDFC Hybrid Equity Fund. I have checked return on SWP I find that LT Midcap Fund after the SWP 12% value after 23 months 115234 on investment of 100000 and LT Value Fund given 105256 and HDFC Hybrid Equity Fund given 97376 kindly guide me that in which fund I will invested. Thanks to your site information regarding mutual funds. Really it is very knowledgeable information given by your site. I am really great full. Kindly guide me?

Aug 4, 2018 by Harish Chandhok,   |   Mutual Fund
You have mostly selected mid cap, small cap, multi-cap and sectoral/ thematic funds which falls into moderately high to high category. Considering your age, we think, these funds will not suit you. At this age... Read More

Can I create a corpus of Rs 2 Crores in 15 years by investing in mutual funds

My name is Mrinmoy and I am investing in mutual funds through the SIP route since 2013 and I am writing this email to have my portfolio reviewed. My purpose is to build a retirement corpus of 2 crores in span of another 15 years (by 2033). I have shared the scheme names in my portfolio following and have color marked the respective SIPs in front of each scheme. Large Cap: Franklin India Bluechip Fund (G) - Rs. 2000, ICICI Pru Bluechip Fund (G) - Rs. 2000; Diversified: Franklin India Focused Equity Fund (G) - Rs. 3000; Mid & Small Cap: Mirae Asset Emerging Bluechip-Reg (G) - Rs 3000, Canara Robeco Emerging Equities Fund - Reg (G) - Rs. 2000, Reliance Small Cap Fund (G) - Rs. 3000; Balanced: Tata Hybrid Equity Fund(G) - Rs. 1000, ELSS: Axis Long Term Equity Fund - (G) - Rs. 1500. So far I have invested Rs. 5,76,574 in the above portfolio and its latest value is Rs. 6,91,548. Questions: Is my portfolio/selection of schemes good to meet my requirement of 2 crores in 15 years? Basically I would like to know if my current distribution of funds looks good to you. Do you suggest to add/remove any schemes? I am also curious about the performance of two Franklin schemes (Franklin India Bluechip and Focused Equity) in my portfolio, should I continue to invest in them? Can you suggest me 1 or 2 good diversified schemes who are the consistent performers in multi-cap segment? Please give your valuable suggestion?

Jul 7, 2018 by Mrinmoy Bhattacharya,   |   Mutual Fund
From the time you are investing (year 2013) till the year 2033 when you want the corpus of Rs 2 Crores, you have 20 year time period. Assuming 12% annual returns on your monthly SIP investments of Rs 17,500... Read More

How are my mutual fund SIPs

I am quite a regular reader of your very informative articles and may god bless you for your good work. I am 53 years male. Covered under mediclaim & term policy. My appetite for risk is quite high. I have been investing in PPF for past 10 years. I don't have any outstanding loans. I have invested in following SIPs and would like to have your opinion on these options. MY OUTLOOK IS OF 3+ YEARS. SBI Opportunities Fund @ INR 30,000 PM, Mirae Asset Emerging Bluechip @ INR 25,000 PM, ABSL Equity Fund @ INR 30,000 PM, L&T Hybrid Equity Fund @ INR 30,000 PM, HDFC Balanced Fund @ INR 30,000 PM, HDFC Equity Fund @ INR 10, 000 PM, HDFC Mid Cap Opportunities @ INR 5,000 PM. 1 TO 5 SIPs I have been investing for last 10 months & rest for 26 months. My queries: its too premature but please comment whether my SIPs are OK? whether any switching is necessary? I have 20 Lacs which I can invest lump sum. I might require these funds after 2 years for my son's MS in USA. so investing these 20L in debt fund will be a good idea? what will be it's Tax implications? or would you suggest any other option like Govt Bonds, Post Office or FD?

Jun 18, 2018 by Ashu D,   |   Mutual Fund
Happy to note that you are a regular reader of our website and also that you found our articles informative. Coming back to your query, I could not find an open ended scheme in the name of SBI Opportunities fund... Read More

Advise on best equity mutual funds

Please advise best equity funds name for investment?

Jun 17, 2018 by Amit Kumar Kabiraj,   |   Mutual Fund
Please note that we are not into investment advisory. However, we can suggest you best performing mutual funds. Please check the link below and select mutual funds from the category which suits your risk... Read More

What to do with non-performing Mutual funds and re-invest into better funds

I have been investing in MFs since 10 years but now, I am facing a situation where one of my funds SBI Magnum Tax Gain Growth is not performing well since 3 years. Been patient enough for the fund to improve it's performance but to no avail. So, I am contemplating to redeem and re-invest in some other multicap/diversified equity fund. Please guide me to resolve my confusion. I have - 3 ELSS Funds (ABC'96, Axis LT Eq, Rel Tax Saver) - ongoing SIPs, Mirae Asset Emerging Bluechip Fund - ongoing SIP, SBI Magnum Tax Gain Growth - No SIP. All units can be redeemed. HDFC Tax Saver - No SIP, HDFC Top 200 - No SIP. SBI Magnum Tax Gain is not performing well since past 3 years. So, I want to redeem (all the corpus Rs. 6 lakhs) and subsequently invest in existing ELSS or buy new Multicap Fund. My questions are - 1. Should I invest in existing ELSS (ABC'96/Axis LT Eq) or a new Multicap fund? (Do you think that ELSS Funds, because of their 3 years lock-in, give additional freedom in comparison to other multicap funds for the fund manager to take long term calls eventually translating into better performance? Note - I do not need this money for next 7-10 years.) 2. Should I redeem in one go or in parts (say, 3 nos) from SBI Magnum Tax Gain and then re-invest that money? 3 As of now, SBI Magnum, though a diversified equity fund, has more (approx 70%) Large Cap exposure. If the ELSS or Multicap fund has more Mid-cap exposure. (eg. ABC'96 has approx 50% exposure), do you think it makes sense to invest via SIP (6-9 nos.) or should I invest lumpsum without worrying too much about Mid-cap exposure and volatility because I do not need this money for next 7-10 years?

Jun 16, 2018 by Satish,   |   Mutual Fund
Yes, you are right ! Once a marquee fund SBI Magnum Tax Gain failed in performing compared to its peers and therefore, your idea of redeeming from it and investing in some good performing funds is okay... Read More

Am I investing in best performing mutual funds or not

I am a regular visitor of your answers for the queries posted by individuals like me and learnt a lot from them. Thanks a lot for making me aware for the value of investing. Just now I had a talk with you over telephone from Kolkata. Kindly enlighten me about the following - 1. I have an SIP of Rs 12000.00 pm in Franklin India equity fund growth from Nov 15th 2015 and would like to continue till 2022. Goal Son's Marriage (Q) Should I continue with fund? Will it be good? Or shall I switch to any other good fund of same AMC? 2. I have an SIP of Rs 10000.00 pm in SBI Blue Chip Fund Growth from March 2017 and would like to continue till 2024 - Goal for daughter's Marriage (Q) Should I continue with this or switch? Will it be good? 3. My son has also invested in Aditya Birla Sun Life Equity Fund - Growth as SIP of 20000.00 PM from Feb 2017. Goal not known. I forced him to open since I know the value of compounding. (Q) Should he continue with it? 4. I have an SIP of Rs 2000.00 pm in Franklin India Prima Fund Growth (don't know whether name has been changed recently or not) from April 2009 and would like to continue till 2024. (Q) Again same question Should I continue with this or switch? Will it be good? I want to get an expert opinion from you. Kindly help me?

Jun 16, 2018 by Asit,   |   Mutual Fund
Thanks for being a regular visitor to our website and also for the kind words. I am glad that you are now more aware about the value of investing in mutual funds. Here you go with my suggestions... Read More

Am I investing in the top performing mutual fund SIPs

This is to inform you I have already invested in below 4 MF, this is right choice or not 15 years horizon. 1. Kotak Select Focus - 1000 SIP, 2. HDFC Balance Fund - 1000 SIP, 3. Most Focused 35 Fund - 1000 SIP, 4. L&t Emerging Business - 1000 SIP. Please suggest me sir and I have 4 lacs other which fund lump sum invest for one year?

May 30, 2018 by Gautam Patel, Mehsana  |   Mutual Fund
The 4 schemes that you have chosen from Multi-cap, Equity Hybrid and Midcap category are among the top performers in their respective categories. Therefore, these can held for long term for meeting your... Read More

Where to invest my money for next two years

I have been receiving your articles from advisorkhoj which are very valuable and very knowledgeable. I would like to know your advise on which are the mutual funds I need to put a corpus of Rs. 8 lakhs which are maturing from a recurring deposit which I had saved for my daughter's marriage in about 2 years time period. kindly advise. I would like to have this amount is capital protected as well as it should give good returns compared to bank FDs?

May 14, 2018 by Chandavarapu Satyanarayana Rao,   |   Mutual Fund
Thanks for the kind words ! I am glad that you liked our website and found it knowledgeable. Coming back to your query, your investment horizon is approx two years and therefore, you can invest in short term... Read More

Am I investing in best mutual funds to meet my future goals

I have some doubts about mutual fund. So that I am sending my portfolio to you. I need your suggestion. I have following SIP(s) running on (started on Jan-2018). I have investment horizon 20 years - 1. Mirae Asset India Equity - Rs. 7000, 2. DSP BlackRock Opportunities + Tata equity P/E fund + Motilal Oswal Multicap 35 = (7000*3) = Rs. 21000, 3. Principal Emerging Bluechip + L&T Mid cap = (7000*2) = Rs. 14000, 4. Reliance Small Cap + ABSL Pure Value fund = (6000+7000) = Rs. 13000. I want to build this corpous for my kids education, higher education and for my retirement. GOAL (I have considered inflation also) - 1. 1st Kid Graduation = 40L, 2. 1st Kid Post graduation = 75L, 3. 2nd Kid Graduation = 60L, 4. 2nd Kid post Graduation = 1Cr, 5. Retirement Corpous = 6Crs, NB: 1st Kid age is 1 yr, (2nd Kid I will plan after 2 - 3 yrs). I have a short term goal 5 - 6 years. I want to buy a house for this down payment below fund - 1. HDFC Balanced fund = Rs. 10000, Kindly let me know if I have to change any schemes and shall I achieve the goal with this investment?

May 14, 2018 by Dibyendu Rakshit,   |   Mutual Fund
You are investing in good mutual fund schemes from the mid cap, diversified and small cap category. The portfolio is quite aggressive and suitable for those with high risk and having a long term investment horizon... Read More

Am I investing in best mutual fund schemes

I am Venkat. I am a new MF investor. I am regularly visiting your website for Mutual Fund information and Thanks for your advises. My current portfolio is - ABSL Pure value - 1000/pm - 5/10 yrs, Reliance Small Cap - 1000/pm - 5/10 yrs. Now I wish to add following funds with Rs. 1000\pm each. Please suggest from following funds - Franklin India Smaller Companies, Canara Roboco Emergency Fund, Mirae Asset Emerging Bluechip Fund, L&T Emerging Business Fund Growth. My Total investment limit is 5000/6000/pm only. I will continue my investment upto 10 years. Kindly Advise me, as I am new to this type of investment?

May 14, 2018 by Venkata Narayana A,   |   Mutual Fund
Good to know that you visit our website regularly. You are investing in two good mid and small cap funds - ABSL Pure Value Fund and Reliance Small Cap Fund. Please note that mid and small cap funds can... Read More

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