Queries
Fund and ICICI Prudential Banking. The other funds are
PSU Debt Fund, UTI Medium Term Fund and HDFC
Medium Term Opportunities Fund.
■ Amount required for long-term goals (in excess of
seven years) can be invested in growth options of well-
managed, diversified large-cap and multi-cap equity
funds like SBI Magnum Multicap Fund, DSP BlackRock
Focus 25 Fund and Aditya Birla Sun Life Advantage
Fund. The other funds are ICICI Prudential Focused
Bluechip Fund and Mirae Asset India Opportunities
Fund, among others.
■ Investments in equity funds should ideally be made
month-on-month systematically. This can be done
through SIP plans, if the surplus is available monthly. If
the surplus is available as a lumpsum, it should be parked
in a liquid fund, from where it could be shifted to equity
funds over 12 or more installments through systematic
transfer plans.
■ For all these investments to be done for a particular
tenure of goals, please ensure that short-term funds do
not fund medium and/or long-term goals and medium
and long-term funds are used for only meeting medium
and long-term goals, respectively.
Deepali Sen
CFP and Founder Partner,
Srujan Financial Advisers LLP
Suresh Gupta, Thane
I have invested `10 lakh in HDFC Midcap
Growth in January 2018, but now want to
exit. Will there be an exit load. If yes, what is
the amount?
There will be an exit load of one per cent until one year
from the date of allotment. The exit load of one per cent
will apply on the amount redeemed.
Deepali Sen
CFP and Founder Partner,
Srujan Financial Advisers LLP
Sujith, Trivandrum
Can you suggest a term plan for a 36-year-
old man for `75 lakh with maximum duration
and critical illness rider?
You can take an online term plan for 30 years (i.e. until
you are 65). There are a lot of options for online plans. I
suggest you select any one offered by ICICI Prudential,
HDFC Standard Life, Kotak Life, or Max Life. If you have
any medical history that requires hospitalisation and
medication, you must disclose these facts during medical
examination and on the application form.
Amit Kukreja
CFP (FPSB India) and Registered Investment Advisor (SEBI )
Founder, WealthBeing Advisors
Mallikarjun B, Bangalore
I have been investing `25,000 every month
through the SIP route for the past three
years. My goal is to accumulate a corpus
of `5 crore in ten years. Kindly review my
portfolio and recommend ways of reaching
my goal. My portfolio has Aditya Birla Sun
Life MNC Fund, DSP BlackRock Micro-
Cap Fund, Edelweiss Greater China Equity
Offshore Fund, Franklin India High Growth
Companies Fund, Franklin India Prima
Fund, HDFC Mid-Cap Opportunities Fund,
L&T India Value Fund, Reliance Small Cap
Fund, SBI Magnum Midcap Fund, Sundaram
Select Midcap, Tata India Consumer Fund
and UTI Mid Cap Fund.
To accumulate `5 crore in 10 years from zero
balance, you need do an SIP of about `2 Lakh
a month continuously for 120 months on the
assumption that the rate of return is 14 per cent.
You can choose two multi-cap funds and two
mid-cap funds to achieve your goal. I suggest
you continue your SIPs only in DSPBR Micro Cap
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Outlook Money April 2018 www.outlookmoney.com
Fund, Franklin India High Growth Companies
Fund, L&T India Value Fund and HDFC Mid Cap
Opportunities Fund. All the other funds can
be redeemed when your gains become tax
efficient. Keep your portfolio simple. Review it
annually and consult an expert periodically to
see that it fits your financial goals.
Amit Kukreja
CFP (FPSB India) and Registered Investment Advisor (SEBI )
Founder, WealthBeing Advisors