Fund query: How to plan SIPs when you have home loan EMIs
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I am 33 years old, and had been investing in MFs through the SIP route. I was planning a for long-term investment, mainly towards a retirement corpus. But two years ago, I decided to purchase a premium apartment by a very reputed builder. Since then, I have had to temporarily stop my SIP investments to manage the down-payment, EMIs and other related expenses. I currently have investments in Axis Bluechip, Kotak Multicap, ICICI Prudential Large & Mid Cap, Aditya Birla Sun Life Equity Growth, and L&T Midcap. I wanted to know if I should exit/switch from the underperforming funds. Also, recently, I started investing ₹10,000 a month in NPS as I thought it a good choice for retirement. I plan to continue SIPs in Axis Bluechip. Should I make any changes to my plan?
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I have saved ₹12 lakh from my salary. The funds are in a savings bank account. Due to extreme volatility in markets, I have not invested this sum. Markets are at all-time highs. These funds are needed only in 2028 and 2030. Can I request your guidance on how and where to deploy this lump-sum amount? I am not concerned about volatility, since its normal in equity/MF investment. My concern is entry time and fear of buying at high prices, which may impact the returns.
Balaji, Bengaluru
Though holding funds in a savings bank account preserves your capital, it does very little in terms of making your money grow. Today, a savings account with SBI, for instance, fetches 2.7 per cent interest for any amount above ₹1 lakh. Yes, private banks such as Kotak Mahindra Bank offer a higher 4 per cent on savings accounts with a balance of over ₹1 lakh. But even this is not surely tempting enough to leave funds idling in bank accounts as the returns may not match inflation.
Fund Query: Factor in inflation while setting financial goals
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I am 39 years old and a doctor by profession. I started investing in mutual funds and bluechip stocks from January 2021. I have invested ₹5,500 in DSP Midcap, ₹5,000 each in Axis Bluechip, Parag Parikh Flexi Cap and Axis Mid Cap, ₹500 in Axis Long Term Equity, and ₹1,000 in SBI Equity Hybrid. I have an SIP of ₹2,000 a month in SBI Small Cap. Thanks to
BusinessLine Portfolio Star Track MF Ratings for helping me choose. I plan to withdraw from DSP Midcap and SBI Equity Hybrid if the ratings drop further. How can I calculate how much to invest per month? Here are my goals: retire by 65: ₹1 crore; education of two kids, 18 years from now: ₹2 crore; and their weddings, 25 years from now: ₹1 crore. I would appreciate if you can tell me how to set goals, because what I have set is very arbitrary.
Fund query: Equity-only portfolio not ideal for retirees
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I am a 63-year-old retired person. My risk profile is moderate. I had a surplus amount of ₹45 lakh which I don’t need for the next 10 years. I invested it across three debt mutual funds in December 2020. I have started monthly Systematic Transfer Plans (STP) of ₹15,000 from each debt fund into the following equity funds for a period of seven years from January 2021. My source debt funds for the STPs are Mirae Asset Short Term, Axis Banking & PSU Debt and Kotak Low Duration Fund. My target equity funds for the STPs are Mirae Asset ESG Sector Leaders Fund of Fund, Axis Growth Opportunities and Kotak Pioneer. My aim is to grow the surplus amount at an annualised rate of inflation plus 3 per cent by the end of 10 years. Is my investment strategy and selection of mutual fund schemes on the right track?