'Never invest in equity schemes if the horizon is short.'
Omkeshwar Singh, Head, Rank MF (external link), a mutual fund investment platform, answers your queries:
Venkittaraman R: I am 69. I am planning to START SIP JOINT NAMES OF myself and My Son. Our plan is to contribute for 25 years till my son reaches 60 years though I may pass away, my son will continue. From the interest earned from Bank or post office my contribution for SIP will be 50000 pm for 25 years
Suggest good mutual funds FOR SIP with scheme names.
Omkeshwar Singh: You may consider from among these funds:
- Axis Esg Equity Fund - Growth
- Uti Flexi Cap Fund -growth
- Samco Flexi Cap Fund - Growth
- Hdfc Index Fund - Sensex Plan - Growth
Jayalekshmy Sreedevi: I am 26 years old working in PSU. I am currently having two SIPs of 2000 each in SBI focused equity and Mirae Asset Tax Saver Fund. Should I continue this and can u suggest some funds to add to my portfolio?
Omkeshwar Singh: These funds are good and you may consider from these too:
- Axis Esg Equity Fund - Growth
- Uti Flexi Cap Fund -growth
- Samco Flexi Cap Fund - Growth
- Hdfc Index Fund - Sensex Plan - Growth
Netra Joshi: I have SIPs in following funds:
Should I continue for next 10 years above funds. Please suggest
Omkeshwar Singh: Reduce it by consolidating all these into 3-5 schemes.
Mukkanti Krishnamurthy: Please advise around 4 to 5 mutual fund investments for one time investment (lump sum amount) for a period of 3 to 4 years. My proposed total investment: Rs 4 lakh. My age is 63 years.
Omkeshwar Singh: Sir, you may consider these debt funds:
Nabendu Ray: Firstly I would like to thank for your suggestions and recommendations you provide. I would like to know how much corpus is required to get 1 lakh per month in retirement, which will start from June 22. Also, please guide where to invest to get monthly amount of 1 lakh.
Omkeshwar Singh: Sir, the corpus required will be around Rs. 1.6 crore, to be invested in mix of debt and hybrid balanced advantage funds.
Objective will be to generate at least 8% post tax returns so that the corpus will not only be perpetual but also grow over time.
Sumesh Menon: I have following MFs in lump sum deposit.
Please suggest some SIPs for monthly 1 LAKH SIP for a target of 2 Cr in three years.
Omkeshwar Singh: 1 lakh SIP in 3 years can create a corpus of Rs. 45 lakh and not 3 crs
Pradeep Shetty: Kindly suggest your opinion on this. I have the following monthly SIPs:
One Time investments:
Omkeshwar Singh: All your funds are decent, however, TOO many. Restrict yourself to 3-5 funds not more than that!
Binayak Sahu: I am 38 years old and a salaried person. Started in 2019 with annual step up of 10 per cent. I want to invest for another 15 years. Kindly suggest about the funds. Following are my current mutual fund investments:
Omkeshwar Singh: Funds are good; please continue
Ramakanta Barik: I am having these following investments. I invested Rs 15 lakh in one go six months back. I need this money back after 3-4 months. Could you kindly advise what should I do now as it is going at a total loss of Rs 1.05 lakh as on date? Shall be highly obliged for your kind guidance.
Folio Number | Scheme Name | Units | Amount Invested | Market Value | Average Purchase NAV |
Current NAV | Dividend | Unrealized G/L | IRR |
11773387 | PARAG PARIKH FLEXI CAP FUND - REGULAR GROWTH( equity flexi cap) |
5766.159 | 299985.00 | 277368.00 | 52.03 | 48.10 | 0.00 | -22617.00 | -18.87 per cent |
19934334374 | CANARA ROBECO BLUECHIP EQUITY FUND - GROWTH( Equity Large Cap) |
6948.923 | 299985.00 | 278721.00 | 43.17 | 40.11 | 0.00 | -21264.00 | -17.38 per cent |
79949636772 | MIRAE ASSET LARGE CAP FUND - REGULAR - GROWTH PLAN( Equity Large Cap) |
3670.574 | 299985.00 | 282260.00 | 81.73 | 76.90 | 0.00 | -17725.00 | -14.83 per cent |
910135 213304 |
AXIS MID CAP FUND - GROWTH PLAN( Equity Mid Cap) |
4134.303 | 299985.00 | 274476.00 | 72.56 | 66.39 | 0.00 | -25509.00 | -19.83 per cent |
19997034/03 | ICICI PRUDENTIAL MULTICAP FUND - REGULAR PLAN - GROWTH(Equity Multi Cap fund) |
640.364 | 299985.00 | 281203.00 | 468.46 | 439.13 | 0.00 | -18782.00 | -15.67 per cent |
Omkeshwar Singh: Never invest in equity schemes if the horizon is short. If not necessary, kindly do not redeem. All the funds are good, however, the markets are in correction mode.
Please follow these house rules for investing in MFs if your investment horizon is between:
Akash: I have invested 80,000 K in the Franklin India TAXSHIELD - Direct-GROWTH in 2018 . Should I continue or exit the scheme?
Omkeshwar Singh: Here are some better options for you:
- Axis Long Term Equity Fund Regular Growth
- Parag Parikh Tax Saver Fund - Regular Plan-growth
Asst Engineer KZY: I am investing 5000rs x 2 ie 10000rs in sbi bluechip funds monthly and 5000rs in sbi contra funds monthly along with 2000rs in Axis growth opportunities fund monthly; 2000rs in parag parikh flexi cap funds; 2000rs in sundaram large and midcap funds; 2000 rs in Adithya Birla sunlife flexicap funds. Shall I continue with this or not?
Please reply sir.
Omkeshwar Singh: 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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