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Chat Transcript

Harshvardhan Roongta

CFP , Roongta Securities

Financial Planning and Asset Allocation


Questions Answered


guest: Sir, Iam investing into following SIPs, reliance large cap10000/month,reliance multi cap 10000/month both since7yrs, birlafrontline equity 10000/month since 7yrs,HDFC equity 5000/month since 7yrs, Icici value discovery 10000/month since 3yrs, how much will be the valuations after 20yrs.

Harshvardhan Roongta: These are all equity schemes and we generally assume a long term average CAGR of about 14% on the same. Accordingly, for a SIP of Rs. 45,000 per month over 20 years could accumulate to about Rs. 5.80 Crores. Please note these calculations are based upon assumptions and the final result could vary based upon actual returns as generated by the respective schemes.

guest: Sir I have recently retired. Kindly guide me as to what percentage of my retirement corpus should I invest in liquid and debt mutual fund. And which would be a better option for me mip plans ( growth) or dynamic bond funds?

Harshvardhan Roongta: The allocation between equity:debt etc and thereafter in Liquid / long term debt products depends upon several factors. Retirement being an important milestone in an individuals financial life, i suggest that you consult a planner in person as lots of information has to be considered before recommending an action plan. Also remember that, after retirement you donot have any margin for errors as there is no time in hand to rectify any financial mistakes that may make, if any. So take next steps after detailed consultation only.

guest: Sir I am looking forward to invest in a. Large cap fund Will Reliance Large Cap Fund (Previously known as Reliance Top 200 ) be a good option?

Harshvardhan Roongta: Reliance is a good fund house with robust research capabilities. You may go ahead and invest in the said scheme.

guest: Sir I have invested 21k per month in mutual fund jan2018 in kotak focus -2k, mirae asset india opportunities fund-2k, mirae emerging bluechip-3k, DSP blackrock small and midcap-2k, reliance small cap-2k, motilal multicap 35-10k, SBI magnum midcap-2k. I want to generate corpus of 1crore after 15 years.sir my portfolio require any correction or its good.

Harshvardhan Roongta: Your portfolio is heavily tilted towards mid-small caps. The number of schemes for a monthly investment of Rs. 21,000 p.m is also high. You should consolidate your portfolio as follows: a) Kotak Select Focused Fund - Rs. 5,000/- b) Reliance Small Cap fund - Rs. 6,000/- c) Motilal MultiCap Fund - Rs. 10,000. these 3 schemes will give you the required diversification and appropriate allocation between large, mid & small caps.

guest: Hi sir, presently investing via sip with 5000 in each of the following fund. ICICIFbluechip fund, ICIci balanced, LnT emerging business, LnT India value, Kotak focus and ABSL frontline equity. Time horizon 10 to 15 yes. Sir want to invest 150000 lumpsump in next 2 to 3 months. Should I add some new fund in multicap, small/mid cap or index fund category or use same fund. Pls advise.

Harshvardhan Roongta: You have a good portfolio so there is no need to add any new/more schemes. You may divide & invest your Lumpsum amount into your existing schemes itself.

guest: Sir, have choose only one amc to invest but in different schemes like absl frontline, absl advantage fund, manufacturing fund, balance 95 fund n pure value fund . Have i done right?

Harshvardhan Roongta: Birla MF is one of the top asset managers, however, given that you also have other fund houses such as ICICI, HDFC, SBI, Reliance, Tata, IDFC etc, you should look at benefiting from their research expertise as well. Therefore, you should look at picking 1 or 2 schemes from a particular fund house (upto a maximum of 5 top fund houses)

guest: Hello sir, after changes in hdfc top 200 fund should I continue my 8 yrs old accumulated unit or I should shift it to another fund.kindly suggest if any fund u can recommend

Harshvardhan Roongta: It is pre-mature to decide whether to switch out or no. Hdfc Top 200 has been a good scheme and draws a lot of attention of HDFC MF management, hence as of now, stay invested. I understand you may have a concern of "exit load free" period, but as of now, i would suggest that you continue as it is.

guest: ‌Reliance vision 1500,icici focus blue chip 1000,hdfc children gift1000,dsp black rock 1000,bsl MNC 2000 ,icici prudential dynamic 1000,tata equity 1000, icici prudential discovery 2000,sundram 1000 ,lt midcap 3000 ,uti opportunity 1000, Reliance midcap 1000 per month and 15000 per month gpf investment ,my investment is right or any correction manoj kushwaha

Harshvardhan Roongta: You have 12 different schemes for a monthly investment of Rs. 16,500/- I am sure it must be getting tedious for your keep track of all of them. There is really no need to have so many schemes. Just 4 schemes would have been fine for you. I will shortlist 4 schemes from your existing portfolio and you may split your Rs. 16,500 in them equally (any one scheme could have Rs. 4,500/- and other 3 Rs. 4,000/-) :- a) ICICI Focussed Bluechip Fund b) BSL MNC Fund c) Tata Equity PE Fund d) L&T Mid Cap fund

guest: Goal - 15 yrs daughter marriage and education - 50 lakh Goal - 20 yrs retirement - 1.5 cr Goal - 10 yrs education - 20 lack Current age is 34 yrs Below is investment portfolio, is my fund selection correct to get above mentioned amount Hdfc balance fund - 2000 HDfc midcap - 2000 Icici Pru foCused blue Chip - 2000 Motilal oswal multicap 35 - 2000 Motilal oswal most focused dynamic equity - 2000 PPF - 3000 Nps - 2000

Harshvardhan Roongta: Overall the schemes that you have selected are fine and you may continue with them. From a long term perspective its advisable to invest more in Equity viz.a.viz debt and you have rightly allocated more towards equity and less in debt (ppf/nps). So you are good for now. I have not gone into calculating future expected corpus but at the face of it, your current investments look inadequate to meet all your future goals. Nevertheless, continue with your investments and try and increase your investment amount every year with rise in your income.
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