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Chat Transcript

Harshvardhan Roongta

CFP , Roongta Securities

Financial Planning and Asset Allocation


Questions Answered


LR7XHZajnX: Hello Harshvardhan, Your view on Midcap fund in near term considering current market condition, I have Invesco India Mid Cap Fund can we do Lumsum Investment around 10 lakh Or wait for further correction Or STP in next few months ?

Harshvardhan Roongta: Given the macro-economic conditions across the globe, Equity Markets seem to be volatile in the near future. Mid caps would certainly be more volatile than Large Caps. Depending upon your risk profile you would decide whether to invest as a lumpsum or via STP. My feeling is that investing thru STP would be better in the present scenario.

guest: Hello Harsh Sir, Please i would like to know is it good to time to invest in equity or debt fund at this level.

Harshvardhan Roongta: There is never an ideal time to start investing. The ideal time is right pls go ahead with the investments. Just keep in mind that you should invest as per goals, time horizon and risk profile. Maintain an asset allocation (Equity, Debt, Precious Metals). Incase you donot have a high risk appetite you may choose to invest via SIP and not lumpsum. In anycase, donot wait for the "Right Time" to start investing.

guest: Hello Sir, As market is at 56k level is it good time to enter or exit the market,as i have mutual fund portfolio of around 10 lakhs in which Parag Parikh Flexi Cap fund,Axis Bluechip Fund,Edelweiss Large & Midcap Fund, Mirae Emerging Bluechip Fund, Invesco India Midcap Fund each 2 lakhs.Are this good funds to hold for longterm or redeem & invest in other scheme.Please suggest.Thanks in advance.

Harshvardhan Roongta: All the schemes that you have are good and can be continued for now. Further, since your time horizon is Long Term, there is no need to make any redemptions etc looking at the current market levels.

guest: Hello Sir, I am senior citizen who have invested in Edelwiess Balanced fund around 1 lakh from that i am getting dividend every month & it\`s been 2 years, should i continue with that scheme or switch to other amc.

Harshvardhan Roongta: You may continue in this scheme itself.

guest: Hello Harsh Sir, I want to star SIP in my son name who is 12 years old can do SIP of Rs.10k for next 7 to 8 years, please suggest.Already have SIP in HDFC Children Gift Plan of Rs.5k since last 4 years.

Harshvardhan Roongta: You may invest in a FlexiCap Fund i.e Canara Robeco FlexiCap Fund OR Parag Parikh FlexiCap Fund.

guest: Hello Sir, I have SIP of 30k in Parag Parikh FlexiCap since last 2 years, should i continue with this scheme or start other SIP of same amount.Please suggest.

Harshvardhan Roongta: Parag Parikh FlexiCap is a good scheme and you may continue investing in it.

Ashi93: Good afternoon Sir, I am having four SIPs in Mirae Asset Emerging Bluechip Fund of Rs.3000/, Rs.2000/- Rs.10,000/- Rs.2500/- for the last two years. Now the Funds performance is deteriorating since last one year. In view of the above, should I stop one SIP of Rs.10000/- so as to lesson my exposure to Large and Midcap Fund. Regards

Harshvardhan Roongta: Large & Mid Cap is a good category to invest in. Infact almost all FlexiCap funds have allocations to this category itself. Mirae Emerging Bluechip is a good scheme & i dont see any compelling reason to stop investing in it right now. Nevertheless, incase you still want to reduce your allocation into this category, then first identify which other category that you wish to invest in & then pick a scheme in that. You may look at Sector Funds / Thematic Funds / International Funds / Small Caps etc if you wish.

guest: Hello Harsh ji, Please suggest good scheme to start STP at this level.

Harshvardhan Roongta: The information provided by you is not sufficient for me to suggest. Pls share details such as investment amount, time horizon, goal etc
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