Outlook Money Outlook Money, April 2018 | Page 16

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 14 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