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Are your MFs giving desired returns?

By OMKESHWAR SINGH
September 07, 2020 10:32 IST
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'I have been investing in SIPs in MFs, but most of these MFs are giving less than 6% returns in the last 1 year. What to do?'

Mutual Fund

Illustration: Dominic Xavier/Rediff.com

Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.


Suman Rawt: I have invested in following in mutual funds for last 2 years but these funds are not yielding the desired results. Please advise your views on the selection funds; where to shift these funds or any modification required:

Omkeshwar Singh:

Name of the Fund Category Recommendations
Suman Rawt    
SBI FOCUSED EQUITY FUND REGULAR GROWTH Equity - Focused Fund Continue
Mirae Asset Emerging Bluechip Fund - Regular Plan Growth Option Equity - Large & Mid Cap Fund Continue
Mirae Asset Large Cap Fund Growth Plan Equity - Large Cap Fund Continue
Franklin India PRIMA FUND GROWTH Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
ADITYA BIRLA SUN LIFE EQUITY FUND - GROWTH Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
MOTILAL OSWAL LONG TERM EQUITY FUND - GROWTH Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
HDFC HYBRID EQUITY FUND - REGULAR PLAN - GROWTH Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
Principal Hybrid Equity Fund - Regular Plan Growth Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
ICICI Prudential Nifty ETF (considering its Index fund) Index Funds - Nifty Continue

Hemang Joshi: I have the investment in following mutual funds since 4 years. Please advice should i hold the same or switch it over to other Mutual fund. I am also planning to invest more, which funds I should invest for 5 to 7 years to get good return. Please suggest at least five funds for additional investments. Also suggest two good debt funds.

Omkeshwar Singh

Name of the Fund Category Recommendations
Hemang Joshi    
SBI Blue Chip Fund - Regular Plan  Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
Franklin India Prima Plus Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
HDFC Balanced Advantage Fund - Regular Fund Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
Birla Sun Life MNC Fund Equity - Thematic Fund - MNC Continue
Birla Sun Life Front Line Equity Fund Growth - Regular Plan Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth

JAI SINGH: I have been investing in the following mutual funds since oct 2016 of 2000/- each.

1)Axis long term equity fund
2)aditya birla sun life tax relief 96
3)ICICI prudental balance advantage fund
4)ICICI prudental value discovery fund
5)DSP small cap fund

Later in 2018 we added following mfs of 2500/- each Sip

1)motilal oswal multicap 35
2)Mirae asset emerging bluechip fund
3)Axis long term equity fund another folio added .

Our investment horizon is long term of 15-20yrs.
And want to increase current 25000/- SIP to 35000/-.

Need money of 1cr after 7-8 yrs and 4cr-5cr after 18- 20yrs.

Kindly suggest if it’s alright or changes are required.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Jai Singh    
1)Axis long term equity fund Equity - ELSS  Continue
2)aditya birla sun life tax relief 96 Equity - ELSS  Continue
3)ICICI prudental balance advantage fund Hybrid - Balanced Advantage Continue
4)ICICI prudental value discovery fund Equity - Value Fund SmartSwitch to UTI Value Fund
5)DSP small cap fund Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
1)motilal oswal multicap 35 Equity - Multi Cap Fund Continue
2)Mirae asset emerging bluechip fund Equity - Large & Mid Cap Fund Continue
3)Axis long term equity fund  Equity - ELSS  Continue

Jai Kumar: I have been investing in SIP in the following MFs. Most of these MFs are giving less than 6% returns in the last 1 year. Can you please advise whether to continue with this MFs or switch to good MFs?

Omkeshwar Singh:

Name of the Fund Category Recommendations
Jai Kumar    
Axis Focused 25 Fund - Gr Equity - Focused Fund continue
BNP Paribas India Consumption Fund - Gr Equity - Sectoral Fund - FMCG SmartSwitch to UTI Equity Fund - Growth
DSP Equity Opportunities Fund - Gr Equity - Large & Mid Cap Fund SmartSwitch to Axis Growth Opportunities Fund 
Edelweiss Mid Cap Fund - Regular Gr Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
Essel Equity Hybrid Fund - Gr Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
Franklin India Prima Fund Gr Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
HDFC Equity Fund - Gr Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
HDFC Small Cap Fund - Gr Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
L&T Emerging Businesses Fund - Gr Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
L&T India Value Fund - Growth Equity - Value Fund SmartSwitch to UTI Value Fund
L&T Midcap Fund - Gr Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
Mirae Asset Large Cap Fund - Gr Equity - Large Cap Fund Continue
Nippon India Low Duration Fund - Gr Debt - Low Duration Fund Continue
Nippon India Vision Fund Gr Equity - Large & Mid Cap Fund SmartSwitch to Axis Growth Opportunities Fund 
SBI Equity Hybrid Fund - Gr Hybrid - Aggressive Hybrid Fund Continue
SBI Magnum MidCap Fund - Gr Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
Tata Multicap Fund - Gr Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Tata Retirement Savings Fund - Progressive Plan - Gr Solution Oriented - Retirement Fund SmartSwitch to UTI Equity Fund - Growth

Haresh Bilandani: I have investments in Below MFs, please advise should i Exit, Continue or Hold these.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Haresh Bilandani    
Franklin India Prima Plus Growth  Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
SBI Magnum Global Fund - Regular Growth Plan  Equity - Thematic Fund - MNC  Continue
Kotak Standard Multicap Fund - Growth - Regular Plan  Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
BSL Pure Value Fund Plan - Growth Regular Plan  Equity - Value Fund SmartSwitch to UTI Value Fund
L&T India Value Fund - Growth  Equity - Value Fund SmartSwitch to UTI Value Fund
Birla Sunlife Advantage Fund - Growth Regular Plan  Equity - Large & Mid Cap Fund SmartSwitch to Axis Growth Opportunities Fund 
Birla Sunlife Frontline Equity Fund Growth - Regular Plan  Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
ICICI Prudential Value Discovery fund Growth  Equity - Value Fund SmartSwitch to UTI Value Fund
HDFC Gold Fund Direct - Gr FoFs (Domestic / Overseas ) - Gold Continue
HDFC Balance Advantage Fund - Growth Plan  Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
HDFC Balance Advantage Fund - Dividend Plan  Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund

Pradeep Banyal: I have invested in below mutual funds. It's been 2 years investing in these funds and now I want to increase my investment amount more to 10000 per month in mutual fund through SIP. So kindly suggest me where to invest this 5000 more and also please advise, do I need to change my particular investment in some other funds.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Pradeep Banyal    
Axis long term equity fund-2000(SIP per month) Equity - ELSS  Continue
Mirae Asset emerging blue chip fund-2000(SIP per month) Equity - Large & Mid Cap Fund Continue
ICICI equity and debt fund-1000(SIP per month). Hybrid - Aggressive Hybrid Fund Continue

JOMY JOSEPH: I would like start a SIP for 12 years on a good hybrid fund... After conducting my own studies, I shortlisted. 

ICICI Prudential Balanced Advantage Fund & HDFC balanced advantage Fund. I can afford only Rs 5000 as monthly amount for SIP. The purpose of this SIP is for my son's education after 15 years. Will you give me an investment suggestion?

Do I need to invest in ICICI Prudential Balanced advantage fund or in Hdfc balanced advantage fund? Which is the best in your opinion? Or do I need to invest in both with rs 2500 in each fund?

Or can you suggest any other moderately secure funds for this tenure..expecting your reply...please help me by suggesting an investment strategy...

Omkeshwar Singh:

Name of the Fund Category Recommendations
Jomy Joseph    
ICICI Prudential Balanced Advantage Fund Hybrid - Balanced Advantage Continue
HDFC balanced advantage Fund Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund

Anwesh Babu: I am investing through financial advisor on below funds in SIP. 3months back I communicated him all those are underrated now but he says don't bother about ratings when you are investing for long term investment.

1. Adithya Birla SunLife MNC Fund - 4k per month
2. Adithya Birla sunlife small cap fund - 3k per month
3. Adithya Birla sunlife pure value fund - 3k per month
4. HDFC midcap opportunities fund -2.5k per month
5. Hdfc small cap fund -2.5k per month

All the above investment started from 18-July-2017 to till date

Direct funds which I am investing:

1. DSP equity direct plan - 2k per month
2. Franklin India smaller companies fund- 3k per month

Omkeshwar Singh:

Name of the Fund Category Recommendations
Anwesh Babu    
1. Adithya Birla SunLife MNC Fund - 4k per month  Equity - Thematic Fund - MNC Continue
2. Adithya Birla sunlife small cap fund - 3k per month  Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
3. Adithya Birla sunlife pure value fund - 3k per month  Equity - Value Fund SmartSwitch to UTI Value Fund
4. HDFC midcap opportunities fund -2.5k per month  Equity - Mid Cap Fund Continue
5. Hdfc small cap fund -2.5k per month  Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
1. DSP equity direct plan - 2k per month  Equity - Multi Cap Fund Continue
2. Franklin India smaller companies fund- 3k per month  Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth

If you want Mr Singh's 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 he will offer his unbiased views.

Disclaimer: This article is meant for information purposes 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.

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