MFs you must buy, hold and exit now

Wonder if you did the right thing with your mutual fund investments?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer 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.

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Venkat: I have been investing in the following MF for the last more than five years. Kindly let me have your opinion. 

Omkeshwar Singh: You may continue with 4 and 5 rated funds; better options are available in value and midcap categories.

Equity Value Funds: (4-Star rated):

• Tata Equity PE fund
• UTI value opportunity funds

Midcaps: Suitable options considering quality and value for money at present levels are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

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Shirish Shekhar: I would like to start investing in MF through SIPS. Monthly target is 15000. Duration can be at least 7 to 10 years. Please suggest suitable mutual funds for investment through monthly SIPs.

Omkeshwar Singh: You may start SIPs in these funds:

• Motilal 35 Multicap
• Axis Focused 25
• Motilal Midcap 30
• Kotak Small Cap

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Mr Gandhi: Would like to get advice on the following schemes that I have invested myself in monthly SIPs. I have done some analysis on the annualised return that I have made on these starting from 2015. Also I have given the portfolio allocation % in the attached file in col B. Please if you can advise on which schemes I should get rid of, further invest, continue with no further investment.

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked.

Equity Value Funds:

• Tata Equity PE fund
• UTI value opportunity funds

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund
• Small Cap
• Kotak Small Cap
• Axis Small Cap 

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VIKAS: Please tell to hold or sell the following MFs invested through SIP. Horizon is 5 years. 

Omkeshwar Singh: You may continue the 4-star rated funds; others can be reconsidered

Large Caps: 

• LIC MF Large Cap Fund - Growth
• Mirae Asset Large Cap Fund – Growth

Large and Midcaps: 

• Axis Growth Opportunities Fund – Growth
• Tata Large And Midcap Fund - Growth

Aggressive Hybrid Funds: 

• Mahindra Hybrid Equity Nivesh Yojana – Growth
• Axis Equity Hybrid Fund - Growth 

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Jay Sonawane: I had monthly SIPs of Rs 1500 each in Franklin Focused Equity & Franklin Smaller Companies Fund, ICICI Prudential Value Discovery Fund Direct Growth Plan and monthly SIP of Rs 5000 in Axis Long Term ELSS plan. Are they fine? 

Omkeshwar Singh: Avoid 2-star rated funds; consider these: 

Focused: 

• Axis Focused 25
• DSP Focused Fund

Equity Value Funds:

• Tata Equity PE fund
• UTI value opportunity funds

Small Caps:

• Kotak Small Cap
• Axis Small Cap

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Archana Manjunath: I have SIPs since 2015 for the following mutual funds. Shall I can still continue in these schemes or shift to some other schemes? Also would like to know the reason for the same. 

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. 

ELSS: Motilal Oswal Long Term Equity Fund

Focused:

• Axis Focused 25
• DSP Focused Fund

Small Caps:

• Kotak Small Cap
• Axis Small Cap

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Neeraj Gupta: I have following mutual funds in my portfolio. At present my portfolio is at no-profit-no-loss status. Some are SIP and rest are Hybrid or Lumpsum investments. Please let me know if i should shuffle / sell / buy other funds.  

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. Also avoid Equity - Sectoral Fund - Banks & Financial Services and FOF. 

Multicaps: Suitable options considering quality and value for money are:

• Motilal Oswal multicap 35
• Axis Multicap
• Parag Parikh Long Term Equity Fund

ELSS: Motilal Oswal Long Term Equity Fund 

Focused:

• Axis Focused 25
• DSP Focused Fund

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Small Caps:

• Kotak Small Cap
• Axis Small Cap

Equity Value Funds:

• Tata Equity PE fund
• UTI value opportunity funds

Large Caps: 

• LIC MF Large Cap Fund - Growth
• Mirae Asset Large Cap Fund - Growth 

Large and Midcaps: 

• Axis Growth Opportunities Fund – Growth
• Tata Large And Midcap Fund - Growth 

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Atul C Patel: Couple of months before I retired, would like to invest around Rs 5 lakh in mutual funds with SWP. Which mutual fund I should invest so that I can generate around Rs 5000 per month and principal remains intact (approx). 

Omkeshwar Singh: Debt funds can be used, however, the returns are subject to market risk.

• HDFC Banking and PSU Debt Fund
• ICICI Prudential Constant Maturity Gilt Fund

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Mahendra Parmar: My SIP is running in following mutual fund. Please advise if I should continue above investments or need any change.

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. Avoid Equity - Sectoral Funds 

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

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Tanmay: I have invested in these following funds. Please intimate whether I should continue investing or withdraw from this fund 

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. 

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Small Caps:

• Kotak Small Cap
• Axis Small Cap

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Shams Tabrez: Kindly advise about my mutual fund investments.  

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. 

Large and Midcaps: 

• Axis Growth Opportunities Fund – Growth
• Tata Large and Midcap Fund - Growth

Small Caps:

• Kotak Small Cap
• Axis Small Cap

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Gyanesh Ranjan Mohanty: I have invested the following mutual funds in the year 2015. Would like to have your opinion whether I can still continue in the scheme or shift to some other scheme? Also would like to know the reason for the same. 

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. 

Multicaps: Suitable options considering quality and value for money are:

• Motilal Oswal multicap 35
• Axis Mutlicap
• Parag Parikh Long Term Equity Fund 

ELSS: Motilal Oswal Long Term Equity Fund 

Focused: 

• Axis Focused 25
• DSP Focused Fund

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Small Caps:

• Kotak Small Cap
• Axis Small Cap

Equity Value Funds:

• Tata Equity PE Fund
• UTI Value Opportunity Funds

Large Caps: 

• LIC MF Large Cap Fund - Growth
• Mirae Asset Large Cap Fund - Growth 

Large and Midcaps: 

• Axis Growth Opportunities Fund – Growth
• Tata Large And Midcap Fund - Growth 

Aggressive Hybrid Funds: 

• Mahindra Hybrid Equity Nivesh Yojana – Growth
• Axis Equity Hybrid Fund - Growth 

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Darvinder Singh: Please help with decision on following mutual funds: 

Omkeshwar Singh: You may continue with 4 & 5-Star rated ones and rest can be relooked. 

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Equity Value Fund:

• Tata Equity PE fund
• UTI Value Opportunity Funds

Large Caps: 

• LIC MF Large Cap Fund – Growth
• Mirae Asset Large Cap Fund - Growth 

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Kishor Chaudhari: I am doing SIP of 10K each in three funds below since 1.5 years and wish to invest for next 8-9 year. Kindly suggest your views. 

Omkeshwar Singh:

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund 

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Parag Gaykar: My wife and I am having following mutual fund SIPs going on: Please let me know your suggestions. My SIPs: 

Omkeshwar Singh:

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Large Caps: 

• LIC MF Large Cap Fund – Growth
• Mirae Asset Large Cap Fund – Growth

Small Caps:

• Kotak Small Cap
• Axis Small Cap 

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Kuppanraghunathan: I want to invest in mutual funds which give monthly dividend by that I can run the family and it should be safe and return by 10% rate. Any recommendations from your side? 

Omkeshwar Singh: Hybrid / Debt funds can be used, however, the returns are subject to market risk. 

• ICICI Prudential Balanced Advantage Fund
• DSP Dynamic Asset Allocation Fund
• HDFC Banking and PSU Debt Fund
• ICICI Prudential Constant Maturity Gilt Fund 

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Biswajit Das: I am investing in following mutual funds from 2018 through SIPs. Should I stop or change to some other funds. Please suggest 

Omkeshwar Singh:

Small Caps:

• Kotak Small Cap
• Axis Small Cap

Equity Value Funds:

• Tata Equity PE fund
• UTI value opportunity funds

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Prashant G: Can you please guide me for the following MFs which I have invested presently.

Omkeshwar Singh:

Small Caps:

• Kotak Small Cap
• Axis Small Cap

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Apurva Mehta: Starting from 1st Jan 2020, my instalment would start towards the loan taken under the scheme Bajpai Bankable Yojana. My monthly instalment is of Rs 13000 and I want to invest in some lumpsum amount of Rs 1.5 lakh into short term debt fund and to start SWP of Rs 13000 / month. So that instalment shall be made from SWP. Please advise which is the best fund? 

Omkeshwar Singh: A few short term funds are as under, however, the returns are subject to market risk.

• SBI Savings Fund
• Aditya Birla Sun Life Short Term Fund – Growth
• Nippon India Low Duration Fund - Growth Plan 

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Sachin Pawar: I have invested the following mutual funds in the year 2017. Would like to have your opinion whether I can still continue in the scheme or shift to some other scheme? Also would like to know the reason for the same.  

Omkeshwar Singh: 

ELSS: Motilal Oswal Long Term Equity Fund 

Equity Value Funds:

• Tata Equity PE fund
• UTI value opportunity funds

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Somnath Dutta: I am investing Rs 1000 in each of these mutual funds shown in the table below for last three years. Suggest whether to continue or change and if changes required which fund to invest. These are my mutual funds: 

Omkeshwar Singh: 

Large and Midcaps: 

• Axis Growth Opportunities Fund – Growth
• Tata Large and Midcap Fund - Growth 

Large Caps: 

• LIC MF Large Cap Fund – Growth
• Mirae Asset Large Cap Fund - Growth 

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Amit Mohan: I want to know that I am investing Rs 12000 on monthly basis as SIP in following funds: I am investing in them for more than 2 years and Rs 3000 each. Kindly let me know whether these are good funds for investment for long-term basis (15+ years) or should I change it to other plan? My age is 41 years. Waiting for your valuable feedback. 

Omkeshwar Singh:

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Large Caps: 

• LIC MF Large Cap Fund – Growth
• Mirae Asset Large Cap Fund - Growth 

ELSS: Motilal Oswal Long Term Equity Fund

Focused:

• Axis Focused 25
• DSP Focused Fund

Multicaps: Suitable options considering quality and value for money are:

• Motilal Oswal multicap 35
• Axis Mutlicap
• Parag Parikh Long Term Equity Fund

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Hemendra Solanki: These are the funds I invest in since last 20 months. All are direct growth:

Omkeshwar Singh:

Small Caps:

• Kotak Small Cap
• Axis Small Cap

Illustration: Dominic Xavier/Rediff.com

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Disclaimer: This article is meant only for information purposes. 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.