Wondering if you did the right thing with your mutual fund investments?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Theses are Omkeshwar Singh's recommendations: As a general rule to investing, you may continue with 4- and 5-star rated funds, while the rest may need a re-look.
Anoop Adhikari: I do a regular investment per month of Rs 8000 as SIP in mutual funds. The fund currently I am holding are:
1. HDFC Top 100 Fund -Rs 2000
2. ICICI prudential value discovery fund -Rs 1000
3. ICICI prudential blue chip fund - Rs 1000
4. HDFC Hybrid equity fund - Rs 1000
5. SBI blue chip fund - Rs 1000
6. SBI Small cap fund - Rs 1000
7. Mirae asset large cap fund - Rs 1000
I have invested Rs 214,372 till now and my market value is Rs 230,213 which means my annual return is 8.8 per cent. Shall I continue to invest in the above fund or shall I switch to some other better fund as per your advice and what will be my capital if I continue to invest for next 7 years as my current age is 43 years and I wish to invest till my age reach 50.
Omkeshwar Singh: You may please continue with 4 and 5 star schemes; for the rest you can consider these:
Equity - Large Cap Funds:
- LIC MF Large Cap Fund-Growth
- Axis Bluechip Fund-growth
Equity - Small cap Fund:
- Kotak Small Cap Fund – Growth
- Axis Small Cap Fund – Growth
Equity - Value Fund:
- Tata Equity P/E Fund (Growth Option)
- UTI Value Opportunities Fund- Growth Option
- L&T India Value Fund Growth Option
Suman Ghosh: I am a moderate risk taker & I have invested in some mutual fund through SIP from last one year. List of mutual funds are given below:
Omkeshwar Singh:
ELSS:
1. Mirae Asset Tax Saver
2. Axis Long Term Equity Fund.
Large Cap:
1. HDFC Top 100 Fund-DP-Growth
2. Axis Blue Chip Fund- Direct
3. RELIANCE LARGE CAP FUND
Large Cap & Mid Cap:
1. DSP Equity Opportunities Fund - Direct
2. Mirae Asset emerging blue Chip Fund
Multi Cap:
1. Axis 25 Focused Fund
2. SBI Magnum Multi Cap Fund-Dir G
3. ABSL Equity Fund - Growth-DIRECT
4. Kotak Standard Multi Cap Fund
5. SBI focused equity fund
Mid Cap:
1. ICICI Mid Cap Fund Plan - Direct
2. L&T Mid Cap Fund
Small Cap:
1. SBI Small Cap Fund Dir Growth
Suman Ghosh: Of these listed mutual funds, Mid Cap & small cap is not performing well. Should I continue with same mutual fund or SIP? Switch to another mutual fund or stop not performing mutual fund. Is there any other good performing mutual fund? Please suggest. I will be thankful to you.
Omkeshwar Singh: You may please continue with 4 and 5 star schemes; for the rest you can consider these:
Equity - Small cap Fund
- Kotak Small Cap Fund – Growth
- Axis Small Cap Fund – Growth
Equity - Mid Cap Fund:
- DSP Mid Cap Fund – Growth
- SBI Magnum MID CAP FUND – GROWTH
- Motilal Oswal Mid Cap 30 Fund (MOF30)-Growth Option
Thiruvengadam Chellaswami: I have started my SIP in the following equities. I am a novice when it comes to stocks/MFs. Based on browsing through I started investing on the below. Let me know your valuable suggestion.
Omkeshwar Singh: You may please continue with 4 and 5 star schemes; for the rest you can consider these:
Equity - Large Cap Fund:
- LIC MF Large Cap Fund-Growth
- Axis Bluechip Fund-growth
Parmodh Singla: I am investing in ABSL Small Cap and Nippon Small Cap funds with SIP since 2017. Please suggest if I should continue or shift to any other fund.
Omkeshwar Singh: These MFs can be considered:
Equity - Small cap Fund:
- Kotak Small Cap Fund – Growth
- Axis Small Cap Fund – Growth
Snehasis Sengupta: I have following MFs:
- HDFC SMALL CAP FUND-REGULAR GROWTH PLAN
- L&T MID CAP FUND-REGULAR PLAN GROWTH
- NIPPON INDIA LARGE CAP FUND GROWTH PLAN GROWTH OPTION
- MIRAE ASSET LARGE CAP FUND-GROWTH OPTION
Please advise if it will give benefits after investment of 5-10 years period. What will be return approx? Whether to switch to other fund or not?
Omkeshwar Singh: You may please continue with 4 star schemes and for rest These MFs can be considered:
Equity - Small Cap Fund:
- Kotak Small Cap Fund – Growth
- Axis Small Cap Fund – Growth
Equity - Mid Cap Fund:
- DSP Mid Cap Fund – Growth
- SBI Magnum MID CAP FUND – GROWTH
- Motilal Oswal Mid Cap 30 Fund (MOF30)-Growth Option
Ameet Naik: I am investing in following MF funds. Please confirm whether I should continue:
- ICICI Prudential Blue-chip Fund - Direct Plan
- Aditya Birla Sun Life Equity Advantage Fund - Growth-Regular Plan
- Aditya Birla Sun Life Small Cap Fund Growth-Direct Plan
Also suggest best option funds in large cap fund.
Omkeshwar Singh: You may please continue with 4 star schemes; for the rest you can consider these:
Equity - Large Cap Fund:
- LIC MF Large Cap Fund-Growth
- Axis Bluechip Fund-growth
Equity - Small cap Fund:
- Kotak Small Cap Fund – Growth
- Axis Small Cap Fund – Growth
Manish Chugh: I am a salaried person investing Rs 12000 in SIPs of following three MFs for last two years. Kindly suggest whether to continue in these three schemes or to exit. So far there is no growth in amount invested.
1. HDFC Capital Builder Value Fund - Regular plan growth
2. L&T India Value Fund – growth
3. SBI Magnum Global Fund - Regular Plan – Growth
Omkeshwar Singh: You may please continue with 4 star schemes; for Equity - Value Fund below can be considered:
Equity - Value Fund:
- Tata Equity P/E Fund (Growth Option)
- UTI Value Opportunities Fund- Growth Option
Vangapandu Haranathbabu: I HAVE KOTAK CORPORATE BOND FUND GROWTH. SHALL I KEEP IT OR EXIT? KINDLY ADVISE.
Omkeshwar Singh: Please continue
Manoj Navagamiya: Can you suggest right now which MF scheme/sector for long term investment can generate 11-15 CAGR?
Omkeshwar Singh: The top rated schemes across Equity schemes at fair value are as under, you may invest also invest as a basket of funds...
Multi Cap:
- Motilal Oswal Multi Cap 35 – Growth
- UTI Equity Fund – Growth
Mid Cap:
- DSP Mid Cap – Growth
- SBI Magnum MID CAP FUND - GROWTH
Focused:
- Axis Focused 25 – Growth
- SBI Focused Equity Fund - Growth
Large & Mid Cap: Tata Large & Mid Cap Growth
Large Cap:
- LIC large cap fund – growth
- Mirae Asset large cap – Growth
- Axis BlueChip fund – Growth
Small Cap:
- Kotak Small Cap – Growth
- Axis Small Cap - Growth
Sovan: I have been investing for past 6 years and here is the list of investments that I have done so far. Please suggest if I should continue investing in same manner or need to do any changes in the portfolio. Where should I invest given the volatility of the market under current scenario?
1. SBI Blue Chip Fund-Regular Plan-Growth (one through SIP, and another through lump-sum; just above 2 years of investment)
2. SBI Mgnum Global Fund-Regular Plan-Growth (SIP)
3. SBI Equity Hybrid Fund-Regular Plan-Growth (SIP)
Omkeshwar Singh: You may please continue with 4 and 5 star schemes; for Large Cap Fund These MFs can be considered:
Large Cap:
- LIC large cap fund – growth
- Mirae Asset large cap – Growth
- Axis BlueChip fund - Growth
Raj Kumar Saaganeria: I want to invest 10,000 per month through SIPs for 3 to 5 years. Please suggest in which funds should I invest and SIP amount per month.
Omkeshwar Singh: The top rated schemes across Equity schemes at fair value are as under, you may invest as also invest as per your requirement or even create a basket of funds…
Multi Cap:
- Motilal Oswal Multi Cap 35 – Growth
- UTI Equity Fund – Growth
Mid Cap:
- DSP Mid Cap – Growth
- SBI Magnum MID CAP FUND - GROWTH
Focused:
- Axis Focused 25 – Growth
- SBI Focused Equity Fund - Growth
Large & Mid Cap: Tata Large & Mid Cap Growth
Large Cap:
- LIC large cap fund – growth
- Mirae Asset large cap – Growth
- Axis BlueChip fund - Growth
Small Cap:
- Kotak Small Cap – Growth
- Axis Small Cap - Growth
Deepak Suri: I have a lump sum investment in in following MUTUAL FUNDS. Please advice whether i should exit or remain invested
- ABSL Frontline equity fund - Direct –Growth
- Franklin India Equity Fund - Direct- Growth
- HDFC Hybrid Equity Fund-Direct –Growth
- HDFC Capital Builder Value Fund -Regular- Growth
- ICICI Pru Balanced Advantage fund- regular-Growth
- ICICI Pru value discovery Fund- Regular-Growth
- SBI Bluechip Fund-Direct – Growth
Omkeshwar Singh: You may please continue with 4 and 5 star schemes; for the rest you can consider these:
Equity - Value Fund:
- Tata Equity P/E Fund (Growth Option)
- UTI Value Opportunities Fund- Growth Option
- L&T India Value Fund Growth Option
Equity Multi Cap:
- Motilal Oswal Multi Cap 35 – Growth
- UTI Equity Fund – Growth
Jiban Chandra Das: I have invested in following SIPs Rs 3000 in sbi magnum taxgain; Rs 5000 in DSP black Rock; 5000 in axis long term equity elss & Rs 5000 in axis bluechip; Rs 5000 in Absl balanced 95. Is my investment diversified? I want to stop absl 95. What other fund shall I choose for investing Rs 5000 per month?
Omkeshwar Singh:
Equity – ELSS:
- Canara Robeco Equity Taxsaver Fund - Regular Plan – Growth
- Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option
- Axis Long Term Equity Fund - Regular Plan – Growth
- Other Funds can be from below as per your requirement.
Multi Cap:
- Motilal Oswal Multi Cap 35 – Growth
- UTI Equity Fund – Growth
Mid Cap:
- DSP Mid Cap – Growth
- SBI Magnum MID CAP FUND - GROWTH
Focused:
- Axis Focused 25 – Growth
- SBI Focused Equity Fund - Growth
Large & Mid Cap: Tata Large & Mid Cap Growth
Large Cap:
- LIC Large Cap Fund – growth
- Mirae Asset large cap – Growth
- Axis BlueChip fund - Growth
Small Cap:
- Kotak Small Cap – Growth
- Axis Small Cap - Growth
Rakesh Banga: I am investing in mutual funds for last 5 years and currently have SIP running as below:
- HDFC Hybrid Equity Fund - Rs 5000
- UTI Mastershare - Rs 4000
- UTI Equity Fund - Rs 2000
- UTI Dividend Yield Fund - Rs 2000
All under 'Growth' option. I can put additional Rs 4000 pm in SIP. Please advise options. My age is 50 years so horizon of 5 - 7 years is fine.
Omkeshwar Singh: You have decent portfolio, please continue
Rahul Kulkarni: I would like to know if I should continue with below MFs. And If I need to discontinue/add with any fund. Please suggest alternate funds. All funds I am investing since 3 years. Target is wealth creation in 8-10 years investment.
- Axis Long Term Equity Fund: Rs 5000
- Aditya Birla Sun life frontline equity fund: Rs 4000
- HDFC Balanced Equity Fund: Rs 4000
- Franklin India focused equity fund: Rs 2000
Omkeshwar Singh: You may please continue with 4 and 5 star schemes; for Equity - Focused Fund remaining below can be considered
Focused:
- Axis Focused 25 – Growth
- SBI Focused Equity Fund - Growth
Omkeshwar Singh, Head, Rank MF, can be reached at omkeshwar@samco.in
Illustration: Dominic Xavier/Rediff.com
Disclaimer: This article is meant for information purpose only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.
Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.
