Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can you suggest good SIP schemes

I have purchased below MF schemes and I invest Rs. 1000 per month. I need your expertise to assess below schemes and please let me know if these are good for long term investments like 10-15 years. L&T Midcap Fund - Growth, BSL Top 100 Fund - Growth, SBI Blue Chip Fund - Direct Plan - Growth, Reliance Tax Saver (ELSS) Fund-Direct Plan Growth, Franklin India High Growth Companies Fund. Also I am planning to buy some more SIP's in next month for my child's education and future plans and I can invest around Rs 3000-5000 per month. Can you please suggest best SIP in the market?

Apr 13, 2017 by Mayank Pande, Poona | Mutual Fund

The fund names you have mentioned are all top performing amongst their respective categories. But before investing in them, you need to know your risk profile and the investment horizon. If your risk profile... Read More

Have I selected the right funds for my retirement

First of all a thank you for creating such an awesome site with active interactions. I have been going through various queries posted on you website along with the informative articles with all the basics of investment are clarified and have a learned a lot in last 2 days even though I just started investing in mutual funds for 20 Years. I am currently 31 and looking for my retirement at the age of 50. Currently I am investing 30,000 per month on 3 different funds, below mentioned are the funds 1) Birla Sun Life Frontline Equity Fund - INR 10000 - 15 Years, 2) HDFC Mid-Cap Opportunities Fund - INR 10000 - 15 Years, 3) ICICI Prudential Value Discovery Fund - INR 10000 - 16 Years. Kindly look into this funds and suggest me if this are going to be good for long term. Also the payment dates for deduction has been distributed into different dates so that I have different dates for purchasing of this funds. Also I wanted to invest additional of 20,000, but as you should be aware that DSP BR Micro Cap Fund has stopped taking new investment. Kindly suggest me some good funds that can be backed up for my long term goals for 20 years. I am an NRI user so there no much headache about tax benefits and other such complications. Awaiting for your quick and prompt response?

Apr 13, 2017 by Robin, Kuwait | Mutual Fund

At the outset, we thank you for the kind words about our website. Glad that you find it informative and learned something from here. The funds you have chosen are amongst top performing in their respective... Read More

Have I selected the right schemes for SIP

I want to start SIP in the following schemes. SBI Bluechip, Mirae Emerging Bluechip Fund, Franklin India Smaller Companies Fund, Reliance Small Cap Fund and Kotak Select Focus Fund for 10 years. Are these funds advisable to invest?

Apr 13, 2017 by M Srinivasa Reddy, Hyderabad | Mutual Fund

You have selected good performing schemes from large cap, mid & small cap multi-cap category of equity funds. Yes, these are advisable to invest fro 10 years, provided your risk profile is high... Read More

How to select schemes if one is new to Mutual Funds

Wheather on should start with multiple SIP or not - also when as a new investor not having idea about SIP how to select fund as go with debt or equity or bound - how to select Mutual Fund house for such SIP?

Apr 13, 2017 by Sarvesh, Mumbai | Mutual Fund

For an individual who has no idea about mutual fund investing, he should first assess how much risk he can take and what is the investment horizon of his SIP or the financial goal which he wants to achieve... Read More

For a beginner which fund is suitable to start SIP for retirement

I am a beginner in investing and I am planning to invest in SIP (25000 p/m). My investment period will be 15+ years. Basically I am looking for wealth accumulation for my Retirement. Please suggest good Mutual funds which can give me good returns and investments which can help in tax saving, Please advice?

Apr 13, 2017 by Satish Ganesh, Banglore | Mutual Fund

As a beginner on mutual fund investing, you should first assess how much risk you can take with your investment and what is the investment horizon. Since you know the investment horizon, you only need to... Read More

How to reach my retirement and child education goals

I am 36 and my wife is 34. We both are working. Wants to get retire at 58yrs. We have a flat worth Rs. 90Lakhs in New Delhi and a term policy of INR 2.5Cr and 2Cr for me and her respectively. A medical policy of Rs. 10Lakhs. INR 7Lakhs in saving bank. We have no loans as of now. No kids as well. I am investing in Axis - Long Term Equity (G) (2000); Birla SL - Frontline Equity Fund Reg (G) (2000); Franklin - India Bluechip Fund (G)(5000); Franklin - India Prima Plus (G) (2000); HDFC - Equity Fund (G) (7000); ICICI Pru - Value Discovery Reg (G) (2000); SBI - Blue Chip Fund Reg (G) (5000) on monthly basis. My question is, for retirement, I would like to have a corpus of INR 3Cr-4Cr. and INR 2Cr-3Cr for the kid education after graduation. Could you help me in deciding the right investment plans?

Apr 13, 2017 by Saurabh Mishra, New Delhi | Mutual Fund

We will not comment on the term plans both of you have taken as the life cover through term plans should be approx 12 times of your annual income + Liabilities. Accordingly, check if you and your spouse are... Read More

Can you help reduce number of schemes in my portfolio

I have a portfolio of multiple funds, around 13. I want to reduce it, but don't understand, which one to chuck, as all look equally good. Can you please help me in reducing the following portfolio: DSP BlackRock Natural Resources and New Energy Fund - Direct Plan: 2000, Mirae Asset India Opportunities Fund - Regular: 3000, Franklin India High Growth Companies Fund - Direct Plan: 3000, ICICI Prudential Exports and Other Services Fund: 1500, DSP BlackRock Micro Cap Fund - Direct Plan: 2000, Reliance Small Cap Fund - Direct Plan: 2000, SBI Small & Midcap Fund - Direct Plan: 1000, HDFC Balanced Fund: 3000, ICICI Pru Bkg & Fin Serv-RP: 2000, SBI Pharma Fund - Direct Plan: 2500, UTI Transportation and Logistics Fund - Direct Plan: 2000, Frankline Build India Fund: 3000, ICICI Pru Discovery fund: 2000. I am investing for 15-20 years time horizon, mainly for my kids education?

Apr 13, 2017 by Aditya Garg, Bengaluru | Mutual Fund

Yes, you have too many schemes in your portfolio. You are currently doing monthly SIP of Rs 29,000 in 13 schemes. Please note that for achieving long term goals, SIPs in diversified equity funds could be... Read More

Is HDFC Midcap Opportunities fund go for long term

What about HDFC mid cap opportunity fund (G). Can I invest in this scheme for long term?

Apr 13, 2017 by Kuldeep Bijaka, Jaipur | Mutual Fund

Yes, HDFC Midcap Opportunities Fund is a top performing midcap fund. If your risk profile is high and investment horizon more than 5 years then it is a right fit for your long term investments. Though midcap... Read More

How can I get better than FD returns from mutual funds

I am a regular visitor to your site and find the information regarding MF incisive. I want to invest around 5 lacs in MF for a period of about 3 years. First priority is capital protection and second returns beating FD returns. can you please suggest some debt funds?

Apr 13, 2017 by Narendra Mahajan, Ichalkaranji | Mutual Fund

Thanks for the kind words about Advisorkhoj website. Since your investment horizon is 3 years and you are looking for capital safety, you can invest in long term debt funds/income plans. These funds can... Read More

Can I get a Mutual Fund advisor in Trivandrum

I am residing in Trivandrum. I need advise for my MF portfolio. I could not find an experienced advisor near Trivandrum or at kochi. Can you help me?

Apr 12, 2017 by Satheesh Sam, Trivandrum | Mutual Fund

There are a lot of advisors in Trivandrum whom you can contact for investing or taking advise on mutual funds. We have given below the names of around 20 advisors with their mobile number and email ID... Read More