Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can I meet my financial goals with current mutual fund SIP and lump sum investments

I am a salaried person and present Monthly SIP is Rs. 5,000. Please Guide us about the following M.F. to continue or any changes the Fund houses - SBI Magnum Multicap Fund-Regular G - 1000 - 10.07.2018, SBI Focused Equity Fund Regular G - 2000 - 15.02.2018. Lump Sum one time paid-for Wife: SBI Equity Hybrid Fund Reg - G - 1,50,000 - 14.04.2017, ICICI Prudential Blue Chip Fund Reg - G - 30,000 - 30.03.2018. For My son-who is 19 years: SBI Blue Chip Fund Regular - G - 1000 - 30.03.2018, SBI Magnum Mid Cap Fund - Regular - G - 1000 - 30.03.2018, Lump Sum - SBI Blue Chip Fund Regular - G - 25,000 - 30.03.2018. And our goals are: Rs. 15,000 monthly pension after the age of 60 (after 7 Years)? Rs. 20 Lakhs for my son's marriage after 11 years?

Jan 6, 2019 by Asim Roy,   |   Mutual Fund
Your current monthly SIPs are just Rs 5,000 ( Rs 1,000 x 5 funds of SBI mutual fund) in good schemes across various equity fund categories. Our first take is that instead of 5 funds you should have invested... Read More
How to get monthly return while protecting principal investments

I want to Invest in Lump sum 5 Lakhs in any good 3 SWP or any other good safe fund return 10-12% expecting time horizon 4 years, can you suggest any good fund name. My priority is see following 2 points - 1. Principal should be very safe (Market fluctuates should not affect), 2. SWP or Dividend should be come on time without fail?

Jan 5, 2019 by Swaminathan R,   |   Mutual Fund
We suggest that you should not opt for SWP from mutual funds as foremost criteria of your investment is 'principal should be very safe'. Please note that mutual fund investments carry market risk and... Read More
Should I continue my mutual fund SIPs even if the returns are negative

I have been investing in SIPs for the last one and half years i.e. monthly 10,000.00 in each of the following: 1. ABSL Equity Advantage Fund - Growth-Regular Plan, 2. DSP Equity Opportunities Fund - Regular-Growth, 3. Reliance Large Cap Fund - Growth Plan, 4. TATA Value Fund Series 1 - Regular Plan Growth + (Lump Sum). The returns are showing negative and should I continue investing further or switch to other schemes. Looking forward to hear from you?

Jan 3, 2019 by Jaikumar Kaimal,   |   Mutual Fund
You are investing in good performing funds through monthly SIPs. Please note that these are equity mutual funds and your investment time horizon should be minimum 5 years or even more. In the last 15-18... Read More
How to build a corpus of 6 Crores through mutual funds

My name is Dr Nandish, I am a doctor by profession and I want to build a corpus of 5-6 crore over a period of 10-15 years. I can invest 40-50k per month. Please suggest the strategy and mutual fund schemes with moderate and balanced risk. I'm also interested in ELSS scheme, kindly guide me which one should I go with as far as ELSS is concerned?

Jan 1, 2019 by Nandish Gowda,   |   Mutual Fund
It is hard to build a corpus of Rs 5-6 Crores over a period of 10-15 years by just investing Rs 40-50,000 a month. For example – if you invest Rs 50,000 through monthly SIPs for a period of 15 years, you can... Read More
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
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