Omkeshwar Singh, Head, Rank MF (external link), a mutual fund investment platform, answers your queries:
Arindam Mandal: I am 44 years old, having income of 8.5 L. per annum and having House loan (18yrs) EMI of 44 K.
What will be my investment goals for coming 16 years as below my priority? How much I need to redeem per month to get below financial support time to time.
1. Child (1) education (6yrs age)
2. Corpus fund to get rid of house loan
3. Retirement policy
4. Any life insurance
Please advise on MFs and some best possible way on financial freedom. I can work after my retirement age also.
Omkeshwar Singh: The home loan component is pretty high i.e. 62 % of the annual salary. Kindly share the disposable Income post household expenses.
The priority has to be as under:
Once the disposable income is known we could plan goal based i.e. for Retirement, Children Education and Loan repayment.
Atul Sharma: Please review my MF portfolio below & share your suggestions on making changes. Goal is to get a corpus after 10 years for Child education.
SIP:
Lump sum:
Canara Robeco Small Cap Fund Direct - Growth - (One time 5000)
Omkeshwar Singh: Both modes SIP and Lumpsum are in good schemes
Vaishakh P V: Hi, I'm currently 29 single and investing 24k into monthly SIPs of these funds with plans to step up SIP of 10% every month. I plan to work till my late 50s and continue my SIP as long as possible. This money will be for future expenses of any types during my life. All of these are direct growth plans.
I'm ready to take more risks. Are these funds good enough?
Omkeshwar Singh: These are good enough funds
S Fernandez: I have taken VRS & would like to invest the money received in MF so that I get a fixed amount per month & some for pure growth until I get a new job. If you could plz suggest any other way too? My husband too is retiring this year. Feeling very insecure.
Omkeshwar Singh: No need to feel insecure ma’am, we will plan in such a way that you will get monthly income as well as growth in the portfolio.
Divide the corpus into 4 equal parts:
SWP will be used to withdraw the money for monthly expenses
Rahul Singh: I'm 35 years old. I'm planning to retire by the age of 45-48 as I'm into software development industry.
I want to invest a lump sum amount approx 50 Lakh for the long term (12-15 years) now. Could you possibly provide your best investment advise?
Omkeshwar Singh: Equity oriented mutual funds can be looked upon for creating corpus for early retirement.
Or, if you want to suggest to me to invest in MFs then please advise with the name of funds and allocation. Thank you very much!
Omkeshwar Singh: You may consider below funds:
Anurag Singh: I am 28 years old investing in the funds mentioned below from 2018.I want to gain a corpus of 2 cr at 40.Please suggest if i need to change anything?
1. Aditya birla sunlife tax relief 96 (G) - 1000 (2018)
2. Axis long term equity fund growth - 1000 (2018)
3. Kotak flexicap fund (G) - 1000 (2018)
4. Tata digital India fund (G) - 5000 (2021)
5. Kotak flexicap fund (G) -500 (2018)
6. DSP mid cap - direct fund (G) -1000 (2018)
7. ICICI Prudential long term equity - 500(2018)
8. Icici Prudential equity &debt - 500(2018)
9. Nippon large cap - 3000(2018)
10. Nippon small cap - 1000 (2021)
11. Uti flexi cap - 1000(2018)
Omkeshwar Singh: In 16 years the corpus that will get created will be Rs. 1 crs in 16 years.
Eswara Prasad: I am currently 23 years old and looking to create a corpus for my New home in next 10 years (50 Lakh), retirement and other small financial goals (10Lakh). I can invest 15000 as of now and with a step up of 10% every year. Which are the funds I need to invest in?
Omkeshwar Singh: You may consider below funds:
Anshul Bansal: I'm 38 years old male and doing following SIPs.
Please advise for any changes in Fund/ increase in SIP amount for creating a corpus of 5 crores by 55 years age. I'm aware I'm not contributing enough as of today, so need your advice on this.
Omkeshwar Singh: Rs 60,000 monthly investment can get you to achieve the goal.
Above funds are fine, however sectoral exposure should be avoided to the extent possible.
Anup Kumar: I am a 34 years old aggressive investor. I am currently investing Rs 60,400 per month in the mutual fund schemes mentioned below for close to 2 years now. Kindly let me know if I can continue this portfolio for long term investing (10-20 years). My long term goals are buying a house in a non-metro city and retirement.
I also have EPF and NPS investment which would get me min. 2.5cr by the age of 60. However, I would like to be financially independent by age 50.
Omkeshwar Singh: Rs 60,500 monthly investment can create a corpus of Rs. 4.25 crs in 16 years.
The funds are decent, please continue.
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.
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