Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can I achieve my long term goals through existing MF investments

Axis Long Term Equity-G invetsted amount is: 91100, Franklin India Smaller Companies Direct-G invested amount is: 22811, Franklin India Smaller Companies-G invested amount is: 24201, Franklin India Taxshield-G invested amount is 47,500 ICICI Pru Value Discovery-G invested amount 23,101 ICICI Pru Value Discovery Direct-G invested amount: 1100, Mirae Asset Emerging Bluechip Reg-G invested amount: 4200, Reliance Tax Saver (ELSS)-G invested amount: 30000, Tata Balanced Direct-G invested amount: 29000, Birla SL Frontline Equity Direct-G invested amount 600 my total investment value is 3.2 lac. I want to move all Growth frunds to Direct growth funds is it a good idea? and I want to do 15500 SIP monthly on the above funds and want to increase 10% for every 6 monhts. Birla SL Frontline Equity Fund(G) - 01/04/2017 Rs. 14100.00, Franklin India Smaller Cos Fund(G) - 05/04/2017 Rs. 19000.00, Tata Balanced Fund(G) - 09/03/2017 RS. 2300.00, ICICI Pru Value Discovery Fund(G) - 12/03/2017 Rs. 1500.00, Mirae Asset Emerging Bluechip-Reg(G) - 15/03/2017 2100.00, Franklin India Smaller Cos Fund(G) - 19/03/2017 Rs. 1900.00, Birla SL Frontline Equity Fund(G) - 16/04/2017 Rs. 1100.00, ICICI Pru Value Discovery Fund(G) - 24/03/2017 Rs. 1500.00, Mirae Asset Emerging Bluechip-Reg(G) - 28/03/2017 Rs. 2100.00 in addition to top SIP will invest 35k each in axis direct, Reliance Direct ELSS Funds yearly for next 13 years will this plan work to get the below my goals 6 lacs car in 2010, 1 cr home in 2030, 3 cr retirement corpus in 2030, how much returns I need to get to ac chive my goals and any fund changes needed. I'm an aggressive investor for next 10 years. i have 3 years of mutual fund experience?

Apr 24, 2017 by Vamsi Krishna Reddy, Hyderabad | Mutual Fund

You have selected good funds for your lump sum and SIP investments. If you can select funds on your own and can manage all your mutual fund investments yourself, then of course you can move to direct... Read More

Should I invest in HDFC Top 200 Fund for achieving long term goal

Please advise on whether investing 15,000 per month via SIP in HDFC Top 200 Equity Growth MF would be a good choice. My aim is to continue this for the next 10-15 years for my child's education of saving around 80 lakhs. Also please suggest if you have any other advice?

Apr 24, 2017 by Hitesh, Mumbai | Mutual Fund

Yes, you can invest in HDFC Top 200 Fund. Even though the fund lagged in performance in the year 2014-2015, the same has come back again and the fund has given more than 26% return compared to... Read More

Should I add more into my existing SIPs

I have invested in the following mutual funds through SIP for Rs. 2000 each per month. 1. BSL Pure Value, 2. DSP BlockRock Micro Cap, 3. Franklin India Prima Plus, 4. HDFC Midcap Opportunities, 5. ICICI Prudential Value Discovery, 6. Reliance Small Cap, 7. UTI Midcap, 8. Franklin India Smaller Companies, 9. L&T India Value, 10. Mirae Asset Emerging Blue Chip, 11. Invesco India Contra Further. I want to invest for Rs. 25000 per month through SIP. Kindly guide me whether I can continue the same funds or shall I discontinue any of the funds. If I am to continue in the same, in which fund shall I invest the amount? Kindly help me out of it?

Apr 24, 2017 by A.M. Ravishankar, Chennai | Mutual Fund

You have selected top performing funds for your SIP and you should add your new SIP requirement into these funds only excepting DSPBR Micro Cap Fund and Invesco India Contra Fund. The reason being... Read More

Have I selected the right funds for SWP

I have invested 40% of my retirement corpus in 4 funds (Growth option) viz. HDFC Balanced Fund, ICICI Prudential Balanced Fund, ICICI Prudential Balanced Advantage Fund and Motilal Oswal Most Focussed Dynamic Equity Fund (15 lakh) each on 16.02.2017. I want to know about selection of funds and I want to start SWP of Rs 7500 pm each from these funds from 1.04.2018 to top up my pension for monthly expenses. I want to know whether it will work or needs some tweaking. I also want to know about some Arbitrage fund (dividend option) to park 50 lakh for 6 months to 1 year period?

Apr 24, 2017 by Surender Kumar, Ahmedabad | Mutual Fund

Your selection of funds is good. But please note that ICICI Prudential Balanced Advantage Fund and MOSL Dynamic Equity Funds may not be the right funds for long term SWP. The reason being these... Read More

Is my selection of mutual fund schemes right

I want to invest 10,000 rupees, in these funds SBI Bluechip Fund, L&T Midcap Fund and Franklin Build India Fund is these funds are good or I have to some changes, please help?

Apr 24, 2017 by Abdul Majeed, Raichur | Mutual Fund

The funds chosen by you – SBI Bluechip Fund and L&T Midcap Fund are good performing funds and ideal for your long term investments. With regards to your selection of Franklin Build India Fund, please note... Read More

How my father can earn better than FD returns

My father accumulated wealth of around 60 lakh all these years in the form of bank FDs with his salary. Now he wanted to invest in mutual fund due decline of interest on FDs. So he wants to invest the interest earned every year on those FDs to the mutual fund keeping principal amount as it is in FDs. So wanted to know is it a good idea? From FDs currently getting approximately 4 lakhs / year as interest. Kindly give suggestions to how to proceed. He is average risk taker?

Apr 24, 2017 by Ravi B, Kolhapur | Retirement Planning

Fixed deposit is the safest option for retirees but the way interest rates are coming down, fixed deposits will not generate more than 1-2% inflation adjusted returns. Even though mutual funds generate better... Read More

Which are the best debt funds for SIP

I am looking for best 3-5 mutual funds for mid term & long term tenure, I am average risk taker & looking for 20,000 monthly investment or lump sum investment for debt / income fund. Please advise?

Apr 24, 2017 by Ganesh, Pune | Mutual Fund

Being average risk taker you have chosen debt funds to invest in for your SIPs. You may consider... Read More

Which banking stocks equity to invest in

Which are the best banking stocks equity to invest in?

Apr 24, 2017 by Krishnasinh, Vadodara | Mutual Fund

We do not advise on equity shares. However, if you are interested in investing in banking sector, you may consider investing in banking sector mutual funds. A list of these mutual fund schemes can be found here... Read More

How to create corpus for buying a home after 2 years

We are planning to purchase a house in 2019, costing around 1.5 Crore. Wish to have a corpus of around Rs 50 Lakhs in hand in Dec 2019 with as SIP / STP of around 40-50,000 per month. We are moderate Risk seekers. Kindly suggest best performing funds?

Apr 24, 2017 by Ketan A, Rajkot | Financial Planning

You have only 2 years and 8 months in hand for creating the corpus of Rs 50 Lakhs. Since the tenure is 2 years and 8 months only, investing in short term debt funds can be suggested. Assuming annual return... Read More

Is my fund selection good for moderate risk

Need suggestions on my current portfolio whether I should continue with it or need some switch over. 1) L&T India Value Fund Growth Rs. 1000, 2) Kotak Emerging Equity Scheme Growth Rs. 1000, 3) Axis Long Term Equity Fund Growth Rs. 2000, 4) ICICI Prudential Export and Other Services Growth Rs 1500, All investments are through SIP and started last year. My investment horizon is for 10+ years and risk appetite is moderate. It has been observed later that there are overlapping in my funds ranging from 4-10%. Please advice me a good portfolio and some funds or any changes in my current folio?

Apr 24, 2017 by Manoj kumar, Bhubaneshwar | Mutual Fund

Even though you have mentioned your risk profile as moderate, you are investing in aggressive equity funds from ELSS, midcap and thematic fund categories. However, the selected funds are good, but they are... Read More