'Please advise if I am going in the right direction to achieve my target or if some changes are required.'
Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:
Prashanth Nandula: I am 46 years old and wish to have a corpus of Rs. 1 Crore by the time I get to 60 years. I am a moderate risk taker. Kindly advise if any changes required in the above planning. Currently I have the following SIPs:
Omkeshwar Singh: Please continue, however please be informed that all the above schemes are high to very high risk category.
Ankit Meshram: I am 31 years old and work in a public sector company. I will retire at the age of 60 years. My objective is long term fund accumulation. In my family I have parents, my wife. I need to create a corpus of Rs 1 CR in next 10 years.
Please advise if I am going in the right direction to achieve my target or if some changes are required. I have been making SIP investments as listed below.
Omkeshwar Singh: Please continue
Aarja Bedi: Sir, I have invested in "Reliance Classic Plan II Revised (RP) ULIP since 2014 with Rs 50,000.00 annual premium and "Reliance Life Insurance Guaranteed Money Back Plan" since 2014 with Rs 1,00,000.00 annual premium. The plan is divided into two equal parts (50% each) in Life Corporate Bond Fund 1 and Life Equity Fund 3 respectively. The returns are not good as per today's market scenario. Kindly advise what to do?
Omkeshwar Singh: For protection insurance is better product; for investments MFs are better.
Aashish Goyal: I am 39 and am invested in these funds MFs for wealth creation and plan to hold > 10 yrs. I want to reduce the fund count to a maximum of 8 funds. Kindly recommend Hold/Exit/SIP for each fund held. Also, I am thinking of reshuffling my MF portfolio as per column 'my plan' mentioned. Kindly provide feedback.
| MF Name | My Plan |
| ABSL Tax Relief'96 Fund Growth | Exit |
| HDFC Hybrid Equity Fund - Growth | |
| TRSF-Moderate - Growth | Exit |
| Motilal Oswal Long term Equity Fund - Growth | |
| Invesco India Contra Fund - Growth | Exit |
| Mirae Asset tax saver fund - Growth | SIP- 5k |
| Mirae Asset emerging bluechip fund - Growth | SIP-2.5k |
| Parag Parikh Flexi Cap Fund - Growth | SIP-27.5k |
| Absl Digital India Fund – Growth | SIP-2.5k |
| Axis Smallcap Fund – Growth | SIP-2.5k |
| Axis Mid cap Fund – Growth | SIP-2.5k |
| IIFL Focussed Equity Fund - Growth | |
| Kotak Small cap Fund - Growth | SIP-2.5k |
| Quant Tax Plan - Growth | Exit |
| PGIM India Midcap Opportunities Fund - Growth | |
| Quant Infra Plan - Growth | SIP-2.5k |
Omkeshwar Singh: Plan seems, kindly execute
Deba Brata Rout: I am 52 year professional, working in private sector. Other than my EPF & PF savings I am having following mutual fund investments (both in SIP & lump su). My goal is to have a corpus of Rs 1.5 - 2 cr in next 4-5 years. I am ready to invest Rs 40K in SIP on monthly basis and may be Rs 5-10 lump sum in another 6 months’ time.
Request you to review my portfolio and advise on what SIPs I can start (also any correction required for existing funds?) as well as whether to invest in good equity stocks (I am having a demat account with few direct equities of Rs 2 L only) or in lump sum mutual fund for annual Rs 5-10 L surplus.
| Company | No of shares | Price | Recommendation |
| PORTFOLIO DETAILS | |||
| A | MONTHLY SIP MUTUAL FUND | ||
| Sl No | Fund Details | Current value in Rs L | SIP AMOUNT in RS |
| 1 | HDFC Flexi Cap Fund - Regular Plan Growth | 4.32 | 3000 |
| 2 | Axis Mid cap fund | 0.6 | 5000 |
| 3 | Mirage assets large cap fund | 0.58 | 5000 |
| 4 | Axis Special situation fund - Regular Plan - Growth | 0.09 | 2000 |
| 5 | Aditya Birla Sun Life Frontline Equity Fund Growth | 3.8 | 3000 |
| 6 | Kotak Emerging Equity Fund - Regular Plan Growth | 0.09 | 3000 |
| 7 | Kotak Equity Opportunity Fund - Regular Plan Growth | 0.09 | 3000 |
| B | LUMP SUM MUTUAL FUND | ||
| Sl No | Fund Details | Current value in Rs L | Initial Value in Rs L |
| 1 | Axis Retirement Savings Fund - Conservative Plan - Regular Growth | 6.2 | 5 |
| 2 | Axis ESG Equity Fund Regular Plan Growth | 4.85 | 3 |
| 3 | Axis Blue-chip Fund Growth | 5.2 | 3 |
| 4 | Tata Focused Equity Fund - Regular Plan | 6.16 | 4 |
| 5 | LIC Debt Fund - Secured | NA | 2 |
| 6 | LIC balanced Fund | NA | 2 |
Omkeshwar Singh: Please continue, we can review after 1 year
Siddhi Singh: I am 25 years old. I am planning to invest 10k per month in MF. I earn around 30,000. Please suggest me the various MFs in which I can invest for a minimum term of 3 years.
Omkeshwar Singh: You may invest Rs. 2500 each in these funds:
Pranab Samanta: I am looking for a long term (10 years) investment in MFs. I started investing through monthly SIP scheme in the following MF funds. Should I continue investing in these funds? It will be a great help for me to have your valuable suggestions. Looking forward to hearing from you.
Omkeshwar Singh: These are decent funds, please continue
Kantilal Suthar: I am a regular reader of your blog and appreciate the same. I am 37 years old. I have an investment goal of Rs.50L when I reach 50 years. My monthly SIP is Rs. 22500. Please advise. My current portfolio is as under:
| Scheme | Type | Invested | SIP |
| Aditya Birla Sun Life Tax Relief 96 - Reg - G | Tax | 107,000 | Stopped |
| HDFC Tax saver | Tax | 105,000 | Stopped |
| Nippon India Tax Saver ELSS | Tax | 213,026 | Stopped |
| Franklin India Tax Shield | Tax | 90,000 | Stopped |
| Mirae Asset Tax Saver Fund G | Tax | 10,000 | 2,500 |
| Canara Robeco Equity Tax Saver | Tax | 10,000 | 2,500 |
| Quant Tax Plan | Tax | 10,000 | 2,500 |
| Axis Bluechip fund | Equity | 40,498 | 5,000 |
| Aditya Birla Sun Life Mfg Equity Fund | Equity | 156,000 | 2,000 |
| HDFC Gold Trader Fund Growth - Direct | Equity | 30,000 | 2,000 |
| Motilal Oswal NASDAQ 100 ETF | ETF | 17,000 | 1,000 |
| Mirae Asset Emerging Bluechip Fund - Growth | Equity | 16,014 | 1,000 |
| IIFL Focused Equity Fund - Growth | Equity | 14,000 | 1,000 |
| Canara Robeco Emerging Eqities | Equity | 14,000 | 1,000 |
| Parag Parikh Flexi Cap Fund | Equity | 3,000 | 1,000 |
| ICICI Prudential Technology Fund - Growth | Equity | 14,000 | 1,000 |
Omkeshwar Singh: Funds are good, however too many ELSS funds, it’s nice to see that you have stopped a few.
Manjunath B: Dear sir, I have following funds, kindly review:
| Company | Price |
| Mirae focussed cap fund | 5000 |
| ABSL flexi cap fund | 5000 |
| PGIM Flexi cap fund | 5000 |
| Axis Opprtunuties fund | 5000 |
| Quent Active fund | 5000 |
| PGIM small cap fund | 5000 |
| Nippon small cap fund | 5000 |
| Axis mid cap fund | 5000 |
| Mirae mid cap fund | 5000 |
Omkeshwar Singh: Please continue
Buddhe Ekambaram: Kindly advise me about my MF portfolios. From last 3 years I am investing in MFs as in the form of SIPs @ Rs. 25000. Should I continue or switchover please be advice
Omkeshwar Singh: Please continue, no need to change
If you want Mr Singh's advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in 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.
MF GURU: 'Restrict your portfolio to 4 to 6 funds'
MF GURU: 'I want Rs 1.5 crore by 40'
MF GURU: 'Good you've started investing early'
MF GURU: How To Build A Rs 5 Cr Corpus In 15 Yrs
MF GURU: 'Too many MFs in your portfolio'