Do you have mutual fund queries?
Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries.
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.
Dhwani Shukla: Currently I am having below Monthly SIP's (26K) and my Current value of investment so far is 22 lakh out of these investments.
Edelweiss Mid Cap Fund -- 2000
Kotak Emerging Equity Fund -- 3000
Motilal Oswal Midcap Fund -- 2000
Nippon India Growth Fund -- 3000
SBI Magnum MidCap Fund -- 2000
Baroda BNP Paribas Mid Cap Fund -- 1000
DSP Dynamic Asset Allocation Fund -- 1000
DSP Tax Saver Fund -- 2500
HDFC Small Cap Fund -- 1000
IDFC Tax Advantage (ELSS) Fund -- 2500
L&T Midcap Fund -- 1000
Nippon India Tax Saver Fund -- 2500
Aditya Birla Sun Life Tax Relief 96 Fund -- 2500
What would be my approximate corpus after 10 years?
Omkeshwar Singh: 22 lakh can grow up to 70 to 80 lakh in 10 years.
A SIP of Rs. 26 k can create a corpus of Rs. 70 lakh in 10 years
Therefore, total corpus that can get created is Rs. 1.4 to Rs. 1.5 cr
Vrushank Shah: I'm 27 and looking forward to investing into MFs for around 15K per month. Please suggest where and how much
I can invest for the long term as well as for return of 50 Lakh in the next 5 to 7 years.
Looking forward to hearing from you.
Omkeshwar Singh: A few schemes that you can consider are:
UTI Flexi Cap Fund – Growth
Axis ESG Equity Fund – Growth
HDFC Index Fund – Sensex Plan – Growth
Samco Flexi cap Fund - Growth
With Rs, 15K SIP the corpus that can be created in 7 years is Rs. 21 lakh .
Murugavel Velarasu: Hope you are doing well.
I am 42 year old working in the IT field and having 6k/ month SIP running since 2017. I invested this SIP in ABSL-95 Growth Fund. I am planning to invest 20k additionally per month, please suggest some good MF to meet my below goals:
1. My child education which is 8 years from now targeting 15 - 25L
2. Retire with good savings (1 cr) in another 12 - 15 years
Also, I am planning for a lump sum of 5L investment. Please advice for the same.
Omkeshwar Singh: A few schemes that you can consider are:
UTI Flexi Cap Fund – Growth
Axis ESG Equity Fund – Growth
HDFC Index Fund – Sensex Plan – Growth
Samco Flexi cap Fund - Growth
Corpus of Rs. 20 lakh in 8 years requires a monthly investment of Rs. 11,500 /-
Corpus of Rs. 1 cr in 15 years requires a monthly investment of Rs. 16,500 /-
Donnie Thomas: I am 43 years old. Currently I have a Mutual Fund Corpus of Rs 39 Lakh.
My SIP Monthly Investments are as follows:
1) HDFC Midcap Opportunities Fund Direct Growth- Rs 10,000/-
2) HDFC Small Cap Direct
Growth - Rs 5,000/-
3) L&T Emerging Business Fund Direct Growth - Rs 5,000/-
3) L&T MidCap Direct Growth - Rs 5,000/-
4) Mirae Asset Emerging Bluechip Fund Direct Growth - Rs 15,000/-
5) Mirae Asset SnP 500 ETF Fund of Fund - Rs 20,000/-
6) Tata Hybrid Equity Fund Growth - Rs 5,000/-
Total Monthly SIP is Rs 70,000/- but of late the Mirae Asset SnP 500 SIP is on hold by them.
My target is a corpus of Rs 10 crore on my retirement which would be at 60 years.
Kindly advice if I need to increase my SIP or change any plans.
Omkeshwar Singh: In 17 years Rs. 70K can create a corpus of Rs. 6 cr
Rs. 39 lakh can grow up to Rs. 3.2 cr
Total of 9 cr.
Sachin Raorane: I am 45 years old. Want to create a corpus of 10 Cr in next 15 years. How much per month SPI I should start?
Omkeshwar Singh: Rs. 1,62,500 SIP is required
Presently I don’t have any SIP investment. Have I missed the bus?
Omkeshwar Singh: There is no good or bad times, starting early has compounding advantage, however even now it’s not late.
Ulhas Toro: Kindly suggest suitable SIP for investment of Rs 10000
A few schemes that you can consider are:
UTI Flexi Cap Fund – Growth
Axis ESG Equity Fund – Growth
HDFC Index Fund – Sensex Plan – Growth
Samco Flexi cap Fund - Growth
Amit Chivate: Aged 42, investing in following funds:
1. Aditya Birla Sun Life Equity Advantage fund - 14k
2. HDFC Mid Cap Opportunities Fund - Growth - 10k
3. Kotak emerging equity fund growth - 14k
4. L&T Mid cap fund growth - 14k
All for last 5 years
PGIM India global equity opportunities fund regular growth plan - 14k for last 2 years.
Question 1: Would like to have a minimum 2cr, how much time will it take? Are these good funds to continue? If not, please suggest others.
Omkeshwar Singh: These are good funds, please continue; please let me know your present corpus to assess the duration.
Question 2: Which are the other options to start SIP of 15k?
Omkeshwar Singh: These are sufficient funds, increase allocation in these funds only
Question 3: With this corpus what will be valuation approx at age 55?
Omkeshwar Singh: Kindly let know the present corpus
Nikhil Garg: I am investing around 40k per month in 11 different SIPs.
Mirae Assets Tax Saver Fund Direct - Growth
Quant Small Cap Fund Direct Plan - Growth
SBI Small Cap Fund Direct Plan - Growth
Bank of India Small Cap Fund Direct Plan - Growth
Quant mid Cap Fund Direct Plan - Growth
PGIM India Miacap opportunities Fund- growth
Tata Digital India Fund Direct- Growth
Sundaram Flexi Cap Fund Direct- Growth
Quant Tax Plan Direct- Growth
ICICI Pru US Bluechip Equity Fund Direct- Growth
Canara Rebecco Small Cap Fund Direct- Growth
Other investments:
25k p.m. VPF
25k p.m in stocks
My target is to accumulate around 1 cr in next 8 years. Request you to please advise if i am on track to achieve this goal or do I need to change anything.
Omkeshwar Singh: 40K SIP in 8 years can create a corpus of Rs. 70 lakh, therefore the investment needs to be increased of duration needs to be increased.
Rahul Shrikant Kulkarni: I am 48 years working professional and till now only invested in EPF & NPS. Considering that, I will be at least working for 10 years, now I am considering to invest in mutual funds for my retirement life. My immediate commitments (like children education / marriage / health, etc., during 10 years of working life ) towards family has been taken care of with provisions.
My take home salary after home loan & other deductions is about 60 k and can spare about 20 - 25 k per month for investment. Please guide me about mutual fund / SIP investment and particularly which ones to invest based on my profile.
Omkeshwar Singh: A few schemes that you can consider are:
UTI Flexi Cap Fund – Growth
Axis ESG Equity Fund – Growth
HDFC Index Fund – Sensex Plan – Growth
Samco Flexi cap Fund - Growth
Kapil Padha: Kindly give your expert opinion regarding my monthly mutual fund investments of Rs. 28000 (all SIPs) I have been doing for the last 4 years. I am 39 yr old. I want to create a corpus of around 2 Crore in the next 15 years. Your expert opinion will be appreciated.
1. HDFC Children's Gift Fund - (Lock-in) - Regular Plan - Rs. 10000.
2. ICICI Prudential Midcap Fund - Growth - Rs. 5000
3. ICICI Prudential Multicap Fund - Growth - Rs. 2000
4. Axis Bluechip Fund - Regular Growth - Rs. 4500
5. Axis Focussed 25 Fund - Regular Growth - Rs. 2000
6. SBI Focussed Equity Fund - Regular Growth - Rs. 4500
Omkeshwar Singh: Rs. 28K in 15 years can create a corpus of Rs. 1.7 crs
Surapaneni Sai Krishna: Please find my current investments. Kindly give your expert opinion on the below.
1. Mirae asset emerging blue chip fund - 5000 pm (regular plan from 2017)
2. Canara Robeco Emerging Equities - 1500 pm (regular plan from 2018)
3. Nippon small cap fund - 1500 pm (regular plan from 2018)
4. HDFC Index fund - 2100 pm (direct plan from 2022)
5. Parag Parikh Flexi cap fund - 2100 pm (direct plan from Jan 2022)
6. Axis Growth Opportunities Growth - 2100 pm (direct plan from Jan 2022)
LIC Jeevan Umang 1 lakh per year for 15 years (already paid for 4 years). Have health and term insurance.
Wanted to invest for my kid's future -- higher studies, marriage; she is 8 months old now. Since I need that money after 18+ years and I can take risk, I request to please suggest any small or mid cap mutual funds.
Omkeshwar Singh: A few Mid and Small Cap funds are as under
HDFC Mid cap opportunities fund – Growth
Kotak Emerging Equity Fund – Growth
SBI Small Cap fund – Growth
UTI Small Cap fund - Growth
Read more of Omkeshwar Singh's responses here.
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.
Note: The questions and answers in this advisory are published to help the individual asking the question as well the large number of readers who read the same.
While we value our readers' requests for privacy and avoid using their actual names along with the question whenever a request is made, we regret that no question will be answered personally on e-mail.
