Mutual Fund Queries

Is my current investment planning right to meet long term goals

This is Suraj Rai, aged 27 years, married and has 1 baby 1.5 year old. I have been following your site from past 6 months and have taken advice as well. I have few queries; kindly allow me to provide my assets, liabilities outflow and inflow of funds for proper clarity. Liabilities: 1) Home loan of 36.50 Lakhs. Assets: Cash of Rs 45000, PF of Rs 45000, 2 BHK flat in Ekta Parksville Virar West, Mumbai of Area 965 square feet. Inflow: My net take home salary: 35000 Rs/Month Wife net take home salary: 15000 Rs/Month. Outflow: ELSS - Axis Long term Fund 1 time lump-sum taken in 16 Dec 2016 of Rs 50000 - Regular growth, ELSS SIP in Axis Long Term Fund, DSPBR Tax Saver Fund, Birla Sun Life Tax Saver each of Rs 500 taken since 08-05-2017 (Regular Growth). DSPBR Small & Mid Cap Fund Rs 1000 since 10-07-2017. L&T Emerging Businesses Fund Direct Growth since 10.08.2017 of Rs 1000. Mirae Asset Emerging Bluechip Fund - Direct Growth - registered, SIP will start from 10/09/2017. Amount Rs 1000. Kotak Select Focus Fund - Direct Plan - Growth registered, SIP will start from 10/09/2017. Amount Rs 1000. LIC - 25000 rupees/annually. Health insurance - 6-7000/annually. PRE-EMI: 26000 Rs (flat under construction). EMI (Rs 44500/month) expected to start by 4th quarter of this financial year once possession received. Monthly expenses: 7000 Rs. Target: Emergency fund, New 2 BHK flat full interior work - 2.5 to 4 lakhs within next two year, One four wheeler in next 5 years (approx 5-8 lakhs), Baby education planning, Retirement planning. Please advise what feasible corrections to be made to ensure maximum targets are achieved any better utilization of funds?

Aug 14, 2017 by Suraj Kumar Rai, Mumbai | Mutual Fund

At the outset, we thank you for following Advisorkhoj. Even though you want to plan your long term goals like, children education and your own retirement, you have not mentioned the respective goal amounts... Read More

Have I selected best performing mutual funds

Review investments and suggest: My current investments in MF are for 15 years using SIP. All investments are in Direct-Growth. Axis Long Term, ICICI Pru Value Discovery, HDFC Balanced, Mirae Asset Emerging Bluechip. (SIP of 2500/month from 2015) 1. Is the portfolio appropriate. My age is 32 Years. 2. I want to add one more multicap fund to my portfolio. Can you please suggest. (I am planning to add Motilal Oswal Most 35 Multicap. But it has portfolio overlap of 30%. Hence please suggest one or two funds.) 3. Suggest one more balanced fund. 4. I am handling my debt investments using PPF and FD?

Aug 14, 2017 by Mukul, Chandigarh | Mutual Fund

You have selected good mutual fund schemes for your SIP investments and it is a good fit for your long term portfolio. However, reviewing your mutual fund portfolio once every year is must just to ensure if... Read More

Which are best mutual funds to invest in India for regular returns

I will be returning to India now after working in Middle East for around 30 years. During this period I have a savings of around 2 crores that will be my only source of income for remaining life in India. Can you please advise the best way it can be invested to have a regular decent income to support my family?

Aug 13, 2017 by Ramez Merchant, Mumbai | Mutual Fund

Glad to hear that you will be returning to your country after working for many years overseas. The best way to get a regular return (say monthly) is to invest in mutual funds and draw a fixed amount every month... Read More

Can you let me know more about Index Funds

I am a regular reader of your website since 2015. My request is, could you please throw some light on passively managed index funds and their scope for small scale Indian investors. I read an article in an American journal recently. It says that a passive fund has only market risk but no 'fund manager's risk'. Where as an actively managed fund has market risk as well as fund manager's risk.! I loved the above observation. I will be obliged if you could include this subject in your blog for your readers?

Aug 13, 2017 by Rajesh Babu, | Mutual Fund

Thanks for writing to Advisorkhoj and showing interest in knowing more about Index Funds. We have couple of articles on this topic on our website which you may go through and find interesting in context to... Read More

Is my current monthly SIPs enough to meet my long term goals

Goals: 50 lacs in 12 years, 1.00 crore in 22 years, 4.00 crore in 28 years. Funds: Franklin Prima Plus 1000, Franklin Prima Fund 1000, Franklin Blue Chip Fund 2000, ICICI Blue Chip 2000, Birla Sun Life Front Line Equity Fund 1000, Reliance Small Cap 1000, ICICI Value Discovery Fund 1000, Canara Robeco Emerging Fund 1000, Tata Balance Fund 1000, ICICI Dynamic Plan 2000, Birla MNC 1000, Axis Long Term Equity Fund 2500, Reliance Tax Saver 2500, Franklin India Tax Shield 5000. I'm investing since 2 years. My age 36 years. Salary 65000, Please advice me. How to achieve my goal?

Aug 13, 2017 by Deepak Kumar, Mumbai | Mutual Fund

Glad to note that you are investing Rs 24,000 through monthly SIPs to meet your various long term goals. Let us now analyze if your monthly SIPs are enough to meet your various goals... Read More

Is my mutual fund selection good to achieve my long term goals

Can you please check that my selection of funds is correct or not. I'm investing for children education. Their marriage and my retirement. Reliance Equity Opportunity Fund - 2000, Reliance Small Cap Fund - 1000, SBI Emerging Business Fund - 2000, HDFC Prudence Fund - 2000, HDFC Children Gift Fund - 2000, Franklin Prima Plus - 2000, DSPBR Microcap Fund - 2000, ICICI Pru Value Discovery Fund - 5000, Birla Front Line Equity - 1500, Birla Small and Midcap Fund - 5000, Do I need to make any change?

Aug 13, 2017 by Amrita Srivastava, Allahabad | Mutual Fund

Good to hear that you are investing through mutual fund SIPs keeping your long term goals in mind. As you need suggestions on scheme selection, please note the following - Investing in Reliance Top 200 Fund... Read More

Have I invested in best performing mutual funds for my goals

Please suggest me I have made 3 bucket for investment ready to invest 5K in each bucket. Please tell me the funds name also. 1. Retirement: (Diversified or ELSS) Investment period 30 years maturity amount needed 2Cr 1250 in 4 different Funds i.e becomes 5K, 2. Children education and marriage: Investment period 15-20 years maturity amount needed 80 - 90Lacs 5K divided in large, Multi and Small and Mid, 3. Future goals /short term goals: Investment period 3-4 years maturity amount needed 2.7 - 3Lac 5K. The Reason behind 3 Bucket is to track my fund easily without any confusion. And I don't get use another fund for another purpose, so Please suggest me some funds in which to invest?

Aug 12, 2017 by Vishal, Karad | Mutual Fund

Making 3 buckets to track your goals is a good idea. However, let us see if you have got the SIP amounts right for achieving the respective goal amounts. 2 Crores needed after 30 years - You need to save... Read More

How about investing in HDFC Prudence Fund

Your views on HDFC Prudence Regular Monthly Dividend payout option?

Aug 12, 2017 by Hari Haran, Gurgaon | Mutual Fund

We have replied to a similar query which we request you to read to get the answer for your query... Read More

Is ICICI Prudential Banking and Financial Services Fund good for long term

Is ICICI Banking and Financial mutual fund is best for long term lump sum investment with a time horizon of 15 years. Because this fund has shown a lot of growth in past. Can you please suggest me?

Aug 11, 2017 by Himanshu Kumar, Chennai | Mutual Fund

ICICI Prudential Banking and Financial Services Fund is a sectoral fund and invests only in banking and financial services sector in India. Any sectoral fund can be riskier compared to other equity fund categories... Read More

Which will be the best and suitable mutual fund for me

I am 41 years old. I want to invest Rs 4000 for 10 to 15 years in different mutual funds. Which will be the best & suitable for me?

Aug 11, 2017 by Kumar Saroja Nand, | Mutual Fund

As you want to invest for 10 to 15 years, equity mutual funds could be suitable for you. However to know which equity funds will be the best and suitable for you, please note the following - There are many a... Read More