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Ask RoboHi, I am a 31 years old salaried professional with current objectives to invest in MF's being long term wealth creation of over 1Cr & emergency fund of upto 10lakhs. My investments are as follows : a) Axis LT Equity fund growth – 30000/- Lumpsum invested in February 2016 b) Franklin India Taxshield Growth – 20000/- Lumpsum invested in February 2016 c) ICICI Prudential value Discovery Fund growth – 2000/- SIP from May 2016 d) L& T India Prudence fund Growth – 1500/- SIP from May 2016 e) UTI Midcap Fund Growth – 1500/- SIP from May 2016. I am planning to invest 8000/- from May 2018 in the following a) Aditya Birla Sun Tax relief direct growth – 3000/- SIP b) HDFC Small cap fund direct growth – 3000/- SIP c) L&T emerging businesses fun or Mirae Asset emerging bluechip fund – 2000/- SIP. Pl guide me on my upcoming investments & also on reinvestment options for the funds that will be redeemed in May 2019. It will also help if you could advise if my investments & objectives are in line or need changes. Thank you in advance.
Nutan Prasad N asked 1 month ago
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2 Answers
Roboadviso answered 2 weeks ago
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Hi,
Firstly you want to create a contingency corpus of 10 Lakh and the best fund to build contingency corpus is debt funds which do not carry any risk and it should be available whenever we need it . in order to create a contingency corpus you should start SIP into following Fund.

  • Franklin India Ultra Short Bond Fund.

ICICI Value Discovery is currently going through a lean patch as it taken some contrarian call by betting huge on few stocks. Since you are doing SIP from 2016 and you have build enough corpus in it. It is recommended to stop the SIP and start it in some other funds.
The other two funds are good funds and you should continue your sips into it. For the fresh SIP which you want to start it ABSL tax relief 96 fund and HDFC Small cap funds are good funds and you should start SIP into it.
Regarding the L&T EMerging Business Fund and Mirae Asset Emerging Bluehcip, we should go for Mirae asset emerging as you are already taking a small cap fund i.e HDFC Small cap fund and L&T Emerging Business fund is managed by same fund manager which manages L& T India Prudence Fund. Having two funds managed by same fund manager does not makes sense as any wrong stock selection would impact the performance of both these funds.
Happy Investing! 
 

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Nutan Prasad N answered 2 weeks ago
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Hi,
Thank you for the valuable advice. As recommended by you i will stop SIP in ICICI Value discovery & shift it to Mirae Asset Emerging Blue chip. I will also setup the Franklin Ultra Short Bond Fund in the next month towards building my corpus.
Thanks & Regards,
Nutan

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