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Ask MF Guru: 'Am I investing right?'

March 18, 2021 08:54 IST

'I have two reasons for starting MF investment.'
'Want to clear the home loan and want to make secure life after my retirement.'

Illustration: Dominic Xavier/Rediff.com
 

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


Rahul Kulkarni: I have following SIPs in MF. Please advise if I should continue with the same or you have any suggestions. Goal is to build corpus safely over 5-8 years.

1. Axis Long Term Equity Fund Direct Growth Rs 5000

2. HDFC Short Term Debt Fund Direct Growth Rs 5000

3. SBI Focussed Equity Fund Direct Growth Rs 5000

4. Aditya Birla Sunlife Frontline Equity Fund Direct Growth Rs 5000

Omkeshwar Singh: Please continue with 1, 2 and 3; Axis Bluechip – Growth or UTI Master share -- Growth are better large cap funds.

Siva Prasadam: I am currently investing in the following MFs. Please advise if these are right MFs or I need to shift to something better:

ABSL Focused Div. investment
ABSL Focused Equity investment
ABSL Equity Fund Growth

Omkeshwar Singh: Axis Focused - Growth or MOSL Focused 25 Growth is better option in Focused funds.

UTI Flexi Cap or PPFAS Flexi Cap are better option in flexi-cap category

Mohit Mahajan: I am 35 years old and working with a PSB. I have recently started investing in mutual funds. My present portfolio details are as below. Please advise on any change if required in my portfolio with objective of investment for long term.

Name of Fund Present Value SIP Amount

1. Axis Long Term Equity

30000 2000

2. Edelweiss Balanced Advantage

10000 2000

3. HDFC Small Cap

11000  

4. ICICI Pru Equity & Debt

25000 1000

5. ICICI Pru US Bluechip

10000  

6. Kotak Asset Allocator Fund

10000 2000

7. Parag Parikh Flexi Cap

20000 2000

8. SBI Nifty Index

22500 1000

Omkeshwar Singh: Please continue with 1, 2, 5, 6, 7 & 8

Axis Small Cap / Kotak Small Cap are better Small Cap options

Axis Equity Hybrid or Canara Robeco Equity hybrid are better aggressive hybrid funds

Tim: My mutual fund schemes are as below. Please advise which funds I should continue / discontinue 

Mutual Fund Scheme Start Date Frequency

1. NIPPON INDIA MULTI CAP FUND - GROWTH PLAN GROWTH OPTION

10-01-2014 Monthly

2. ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth

07-06-2015 Monthly

3. UTI Unit Linked Insurance Plan - 15 Year - Regular Plan

07-06-2017 Monthly

4. Aditya Birla Sun Life Tax Relief'96 Fund-

07-07-2017 Monthly

5. SBI Blue Chip Fund - Direct Plan - Growth

15-07-2017 Monthly

6. Tata Digital India Fund Direct-Growth

10-07-2018 Monthly

7. ICICI Prudential Value Discovery Fund - Direct Plan - Growth

07-10-2018 Monthly

8. Tata Small Cap Fund - Direct Plan - Growth

12-11-2018 One time

9. ICICI Prudential India Opportunities Fund Direct Plan Growth

28-12-2018 One time

10. Franklin Build India Fund - Direct-GROWTH Plan

10-06-2019 Monthly

Omkeshwar Singh: Please continue with 2, 4, 5, 6, 7

Subhash Shah: Thanks for your guidance on Mutual funds to the investors.

Your guidance and help is helping all MF investors in choosing the right mutual funds. I need your help in analysing my MF Investments. I am looking forward to your suggestions and guidance in having the right bunch of MFs for my investments. Pl suggest any swipe/ new SIP in MFs.    

MUTUAL FUND NAME  NOM OF UNITS  SIP STATUS  REMARK 
ABSL FOCUSSED EQUITY FUND  600 SIP COMPLETED   
HDFC EQUITY FUND -- REG GROWTH  118 ONGOING SIP OF RS 4000 SIP STARTED 2 YEARS BACK 
HDFC MID CAP OPPORTUNITIES FUND -- REG GROWTH  2218 ONGOING SIP OF RS 5000 SIP STARTED 3 YEARS BACK 
ICICI BLUECHIP FUND - REG - GROWTH  1161 ONGOING SIP OF RS 2000 SIP STARTED 3 YEARS BACK 
ICICI MNC FUND - REG - GROWTH  2305 ONGOING SIP OF RS 1000 SIP STARTED 3 YEARS BACK 
SBI MAGNUM MEDIUM DURATION REG- DIVIDEND 1215 ONGOING SIP OF RS 1000 SIP STARTED 3 YEARS BACK 
NIPPON PHARMA FUND - REG - GROWTH  41 ONGOING SIP OF RS 3000 SIP STARTED 7 MONTHS BACK 
CANARA ROBECCO ELSS - REG - GROWTH  93 ONGOING SIP OF RS 4000 SIP STARTED 7 MONTHS BACK 
       

Omkeshwar Singh: Please continue

Suresh Agarwal: I'm 35 years old and investing SIPs evenly in the following MFs. Please advise if I need to consolidate few of the schemes or move to some other MF.

Axis Long Term Equity Fund

Axis Midcap Fund

Axis Small Cap

Axis Global Equity Alpha Fund of Fund

Motilal Oswal Nasdaq 100 Fund of Fund

Parag Parikh Flexi Cap

UTI Equity Fund

Omkeshwar Singh: Please continue

Jijo George: I have SIP in the following funds:

1.Axis Bluechip Fund Direct Growth - 4000
2.Mirae Asset Large Cap Fund Direct Growth -3000
3.Parag Parikh Flexi Cap Fund Direct Growth -3000
4.ABSL Tax Releif96 Regular Growth (ELSS) -4000
5.Axis Long Term Equity (ELSS) Direct Growth -3000

Omkeshwar Singh: Please continue

Pravin Raut: I have two reasons for starting the MF investment. Want to clear the home loan (35,00,000) and want to make secure life after my retirement. My age is 40. Please suggest good options for MF investment considering the 10,000 monthly.

Omkeshwar Singh: Rs. 2500 in each

  1. Axis ESG Equity fund – Growth
  2. UTI Flexi Cap fund – Growth
  3. PPFAS Flexi Cap – Growth
  4. DSP Quant Fund – Growth

RankMF Disclaimer: Investments in mutual funds are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.

Caution MF Equity oriented Investors: Please don't JUST look at one-year return; due to COVID-19 pandemic the market fell sharply in March 2020 because of which all returns may look unbelievably fantastic for a one-year period! Look for present quality of portfolio & margin of safety of the schemes! Happy informed investing!


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, 'Ask MF Guru', 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.

OMKESHWAR SINGH