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Chat Transcript

Harshvardhan Roongta

CFP , Roongta Securities

Financial Planning and Asset Allocation


Questions Answered


guest: I am a retired 60 yrs person. Should I invest a part of my retirement corpus in equity even when the markets are at such high levels. Thanks for any advice

Harshvardhan Roongta: You may certainly invest a portion of your retirement corpus in equities ..however, avoid investing as a lumpsum. You may invest via STP (systematic transfer plan) and accordingly you will not have much to worry about current market valuations. Given that you are retired, it is imperative that you be extremely careful at the time of investing itself as you donot have the privilege of committing a mistake and then rectifying it. Seek professional advice and meet a planner in person for detailed planning.

guest: Please provide tax saver fund I am invest 5000 per month, manojyadavbpl@gmail.com

Harshvardhan Roongta: You may invest the entire Rs. 5,000/- in just one scheme and IDFC Tax Advantage (ELSS) Fund is a good scheme to invest into.

guest: My portfolio 2 balance and 2 equity mf ICICI Pru Bal and HDFC Bal and Kotak and reliance top 200 gud or not please any quries

Harshvardhan Roongta: The fund houses are good. You have not mentioned the scheme name for the investment in Kotak (so cant comment on that one). Other than that, all other schemes are good and you may continue.

guest: Is it safe to invest 10 lac rupees in mutual fund lumpsum in different amcs?

Harshvardhan Roongta: No investment is ever completely risk free or "safe". There is some kind of risk in every investment. The degree of risk varies across different investments. Besides, when you invest as a lumpsum, your risk & rewards start affecting the investment right away. Further, you have not mentioned whether you intent to invest the lumpsum in Equity or Debt. Level of safety will differ depending upon the asset class also..equities will be high risk and debt low risk. You may spread your investments across different schemes across different AMC`s and that does reduce some bit of the risks.

guest: After the new categorization of mutual funds by SEBI, which category will be assigned to curent Balanced funds like HDFC Balanced, ICICI Balanced, Birla Sunlife 95 Balanced etc? Will there be any tax implications if I want to maintain 65 equity Balanced fund?

Harshvardhan Roongta: It is a bit pre-mature for me to predict how exactly would these schemes be categorized. In due course all details will be out. w.r.t Tax implication, there will not be any tax implication owing to merger of two schemes.

guest: I want to invest in some tax saving scheme. Which one will be best as of now.

Harshvardhan Roongta: You may invest into either IDFC Tax Advantage (ELSS) Fund or Reliance Tax Saver. Choose any one scheme for investment upto Rs. 5,000/- p.m. If more than Rs. 5,000/- p.m then you may split the investment and invest in both the schemes as stated herein.

guest: Hello sir..... Plzz suggest me best small and mid cap funds.....

Harshvardhan Roongta: Reliance Small Cap Fund and Canara Robeco Emerging Equity Fund are good schemes to invest into.

guest: Hi Sir I have lumsump amt of Rs. 4 lakh which i want to invest for short term say 2 months. So can u suggest the scheme which will b suitable....

Harshvardhan Roongta: For a time period of 2 months ..its best to stick to Liquid funds. You may invest in ICICI Pru Liquid Plan

guest: hi sir, my age is 32 year and i am investing through SIP in SBI bluechip fund 1000, HDFC midcap OPP fund 2000,TATA PE FUND 3000 and DSP blackrock small mid fund fund 1000. My horizon is for 10 years. Kindly let me know that the funds are OK or not?

Harshvardhan Roongta: Out of your Rs. 7k p.m you are investing Rs. 1k in Large cap and Rs. 6k in mid-small cap funds. An ideal portfolio should not have such allocations. I suggest that you stop your investment in Tata PE fund and instead invest in a multicap fund or a pure large cap fund. Choose a multicap fund incase you wish to have midcap biased portfolio and choose a large cap fund incase you wish to have distinct large and mid cap portfolio . 1) Multicap : SBI Magnum Multi Cap fund OR 2) Large Cap: ICICI Focussed Bluechip fund.

guest: Sir I have no experience in market how invest money in market can u suggest me

Harshvardhan Roongta: The simplest way is to start investing small amounts via SIP in schemes offered by Mutual Funds. Start with investing in a Balanced Fund or an index fund. I am consciously reframing from suggesting any specific scheme as i encourage you to consult an adviser for proper guidance and hand holding. Ask your friends / relatives for reference of a good adviser and meet him to gain knowledge about the operations of Mutual Funds and different schemes offered before starting.

guest: Hi sir,this is md.arafat sir m student of engineering sir I want to invest in mutual fund with 2000Rs per month please guide me which is beat MF for me? And in which scheme I invest for how many years which company? Please guide me sir g Thanks

Harshvardhan Roongta: Start with a balanced fund and aim to stay invested for atleast 5 years. Invest in ICICI Pru Balanced Fund.

guest: I am 37 yrs, 2 kids (32yrs),single earning.I recently redeemed all MF( mostly small cap), I have 15 lakhs Corpus , take home 90k,no loan liability. I want to start fresh,plz suggest Financial plan with asset allocation

Harshvardhan Roongta: A financial plan is designed after considering several inputs. Its not appropriate to suggest a plan without the appropriate and relevant information. For you as well, i suggest a personal meeting with a financial planner for a detailed discussion.
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