‘I want to sell my MFs to buy a home’

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

Akhilesh Chavan: I am 70 years old. I have following funds:

  • HDFC Balanced Advantage Fund Direct Dividend option
  • DSP Tax Fund Dividend Fund Direct
  • Axis Long term fund Dividend Direct
  • HDFC Tax fund Direct Dividend
  • Axis Growth Opportunities Fund Direct Dividend
  • Axis Blue Chip Fund Direct Dividend

These consist about 37 per cent of my portfolio while the rest are in FDs providing 7.5-8 per cent interest rate. I can invest about 25000-30000 per month to augment my income. 

Omkeshwar Singh: Please continue; the mix of funds and asset allocation is fine!

Ravindra Jain: I want to invest Rs 150000 in Tax Saving ELSS. Kindly advise me the best ELSS funds for investment. Kindly also advise whether to invest lump sum or otherwise make a sip. 

Omkeshwar Singh: Stagger it in 10 to 12 months and the funds that may be considered are as under:

– Axis Long Term Equity Fund Regular Growth

– Parag Parikh Tax Saver Fund – Regular Plan-growth

Munish Singla: I am a beginner in MFs and have recently started to invest in MF by SIP mode of 5000 Rs. Please suggest the funds and breakup for the same. I am investing in below funds:

  • Axis blue chip – 2000
  • Icici prudential blue chip – 500
  • Mirae asset emerging bluechip – 1000
  • Parag Parikh flexi cap – 1500

Omkeshwar Singh: Nice choice of funds; please continue

Vipul Patil: Kindly give suggestions for the same. Kindly review my portfolio:

1) icici prudential value discovery fund:-2000

2) navi flexi cap fund direct growth:-2000

3) boi axa small cap fund direct growth:-2000

4) mirae asset emerging bluechip fund direct growth:-2000

5) Parag Parikh Flexi Cap Direct Growth:-2000

Omkeshwar Singh: Portfolio is fine; please continue

Chidambaram Anthiyur Munusamy: My age is 53 and I am having these MFs. Please advise shall I keep and advise good funds also.

1. SBI multicab fund- Regular plan- Growth – investment 20 lakh- lump sum

2. SBI balanced advantage fund – Regular plan- Grouth- investment 20 lakh- lump sum

3. SBI credit risk fund- Regular growth- Investment 7.5 lakh- lump sum 

4. SBI consumption opportunities fund- Regular growth- investment 10 lakh-lump sum 

5. SBI healthcare opportunities fund-Regular growth- investment 10 lakh- lump sum 

Omkeshwar Singh: Investment in 3, 4, and 5 is very high risk and you also have concentrated portfolios / sectoral as well.

You may consider from these:

– Axis Esg Equity Fund – Growth

–  Uti Flexi Cap Fund -growth

– Samco Flexi Cap Fund – Growth

– Hdfc Index Fund – Sensex Plan – Growth

Raghu Prashanth Jothi: Currently I’m investing 20k per month in the following mutual funds. I’m looking to create corpus of 1cr in timeline of 15 years. Is my investment right or do I need to change my mutual funds? Please give your valuable suggestions. Thanks

SBI small cap fund direct growth- 5k/month

PGIM India Midcap opportunity fund direct growth – 5k/ month

Canara Robeco Bluechip fund direct growth – 5k/ month. 

Nippon nifty 50 ETF – 5k/ month

Omkeshwar Singh: These funds are fine; please continue

Mahesh Yarlanki: From now after 3-4years, I am planning to buy a 2 wheeler which could cost nearly 2L. I can invest around 2-3k per month. Can you suggest some mutual funds I can invest in so that I can have my dream bike?

Omkeshwar Singh: You can look at below funds for capital appreciation in 4 years

– Axis Esg Equity Fund – Growth

–  Uti Flexi Cap Fund -growth

– Samco Flexi Cap Fund – Growth

– Hdfc Index Fund – Sensex Plan – Growth

Ankur Hazarika: I am a 46 years old male and have Rs. 1,20,000 spare with me every month and i am contemplating to start a SIP for a period of 3 years. My objectives are as below:

(i) Protect my capital investment
(ii) Gain a capital appreciation of at least 10 per cent at the end of 3 years

I would kindly request you Sir to suggest the below:

(a) list of mutual funds with whom i can start a SIP
(b) approximate allocation per month per fund

My risk appetite is moderate.

There is only me and my wife in my family; parents are not really dependent on me.

I have approximately 50000 existing EMI as on date.

Omkeshwar Singh: You may consider Rs. 40000 in each of these funds:

– Uti Short Term Income Fund-Growth

– Aditya Birla Sun Life Short Term Fund – Growth

– HDFC Short term fund – Growth

Anamika Pandey: I am a regular reader of your blog and like the same. I am a 39 year single working female and this is my third email to you. Please examine my portfolio and let me know if any changes have to be made so that I can generate maximum returns on my investments. Also plan to withdraw / use lump sum investments for home buying. Kindly advise.

SIPs I plan to continue for the long term.

My lump sum investments are as follows:

My SIP Portfolio is as below:

Omkeshwar Singh: Please continue with the SIPs and liquidate the liquid funds first. Then depending upon exit loads others can be liquidated.

Narayan V: I would need to redeem a few funds as I’m in need of money for now.

My monthly SIP of 25,000 are in these funds.

  • Aditya Birla Sun Life Pure Value Fund – Growth-Regular
  • Axis Mid Cap Fund – Regular Growth
  • DSP Mid Cap Fund – Regular Plan – Growth
  • HDFC Mid-Cap Opportunities Fund – Regular Plan – Growth
  • HDFC Top 100 Fund – Regular Plan – Growth
  • ICICI Prudential Technology Fund – Direct Plan – Growth
  • Kotak Flexicap Fund – Growth (Regular Plan)
  • L&T Midcap Fund – Growth
  • SBI Healthcare Opportunities Fund Regular Growth
  • UTI Value Opportunities Fund
  • UTI Mid Cap Fund
  • UTI Flexi Cap Fund
  • UTI Dividend Yield Fund
  • UTI Nifty Next 50 Index Fund

Kindly let me know which Fund can be redeemed? Please let me know if more details are required.

Omkeshwar Singh: Depending upon the date of investment and applicable exit load, you may take the decision.

If you want Mr Singh’s advice on your mutual fund investments, please mail your questions to [email protected] 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.

Read more of Omkeshwar Singh’s responses here.

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