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ASK MF Guru: Buy, hold or exit?

By OMKESHWAR SINGH
December 18, 2020 10:24 IST
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'I am 39 years old, looking at building corpus in next 10-15 years by investing in MFs.'

Mutual Fund

 

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


Rhitwik Ray Chaudhuri: I am 37 years old and my investments are listed below. My risk appetite is medium. 

A) Ongoing SIP

  1. Franklin India Prima Plus - Growth   ₹ 2,500.00
  2. Franklin India Bluechip Fund - Direct Dividend   ₹ 2,000.00
  3. ICICI Prudential Value Discovery Fund - Growth ₹ 4,000.00
  4. Kotak Emerging Equity Scheme-Growth   ₹ 3,000.00
  5. Mirea Asset India Equity Fund - Regular Growth ₹ 3,000.00
  6. SBI Magnum Multicap Fund - Direct Dividend ₹ 2,000.00

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendation
Rhitwik Ray Chaudhuri
1.   Franklin India Prima Plus - Growth Equity - Mid Cap Fund 4 Please Continue
2. Franklin India Bluechip Fund - Direct Dividend Equity - Large Cap Fund 1 Can Consider Axis Bluechip Fund - Growth
3. ICICI Prudential Value Discovery Fund - Growth Equity - Value Fund 4 Please Continue
4. Kotak Emerging Equity Scheme-Growth Equity - Mid Cap Fund 4 Please Continue
5.  Mirea Asset India Equity Fund - Regular Growth Equity - Large Cap Fund 4 Please Continue
6. SBI Magnum Multicap Fund - Direct Dividend Equity - Multi Cap Fund 2 Can Consider UTI Equity Fund - Growth

B) Mutual Fund lump sum Investment

  1. Axis Long Term Equity Fund-Dividend  ₹ 20,000.00
  2. Axis Long Term Equity Fund-Direct Dividend   ₹ 25,000.00
  3. Franklin Build India Fund - Direct Dividend  ₹ 25,000.00
  4. ICICI Prudential Long Term Equity Fund (Tax Saving) - Dividend ₹ 25,000.00
  5. Kotak Tax Saver Scheme - Direct Plan - Dividend  ₹ 25,000.00
Name of the Fund Category RankMF Star Rating Recommendation
Rhitwik Ray Chaudhuri
1.   Axis Long Term Equity Fund-Dividend Equity - ELSS 4 Please Continue
2. Axis Long Term Equity Fund-Direct Dividend Equity - ELSS 4 Please Continue
3. Franklin Build India Fund - Direct Dividend Equity - Sectoral Fund - Infrastructure 1 Can Consider UTI Equity Fund - Growth
4. ICICI Prudential Long Term Equity Fund (Tax Saving) - Dividend Equity - ELSS 2 Can Consider Axis long term Equity Fund - Growth
5.  Kotak Tax Saver Scheme - Direct Plan - Dividend Equity - ELSS 3 Can Consider Axis long term Equity Fund - Growth

Please advise if I should hold, discontinue or switch or add any MF in my portfolio.

Omkeshwar Singh:

Growth option should be opted for Investments in Mutual Funds

Dividend reinvestment option attracts stamp duty on every reinvestment amount

Dividend pay-out option is tax inefficient post removal of DDT and also the pay-out value keeps changing and at time there may not be pay-out at all. If periodic pay-out is must, then Growth option of the scheme to be selected and SWP can be set up so that there is consistency in the pay-out amount.

Raj Sarkar: I am investing in following funds my age is 45 is there any need to invest or if it is kindly suggest funds for at least 10-15 years and amount to invest and can continue with below finds.

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendation
Raj Sarkar
1. Nippon India Multicap fund growth-Regular-Rs 1000 Equity - Multi Cap Fund 2 Can Consider UTI Equity Fund - Growth
2. Franklin India smaller companies fund growth regular-Rs 2000 Equity - Small cap Fund 3 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
3. Aditya birla sunlife pure value fund growth-Rs 2000 Equity - Value Fund 2 Can Consider Axis ESG Equity Fund - Growth
4. Aditya birla sunlife small cap fund growth- Rs 1000  Equity - Small cap Fund 2 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth

Yugal Kishore Soni: Thanking you in advance. Can you please review my MF portfolio below and advise on:

Omkeshwar Singh:

1. What to do with Active SIPs?

Avoid too many funds, beyond a point the diversification reduces the performance of the portfolio, stick to 4 to 6 great quality schemes; Consolidate the funds in 4-6 Funds

2. What to do with Stopped SIP (they have funds invested)

Can Exit and invest it in Consolidated Funds

Name of the Fund Category RankMF Star Rating Recommendation
Yugal Kishore Soni
DSP Small Cap Fund - Direct Plan - Growth  Equity - Small cap Fund 2 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
DSP Equity & Bond Fund - Direct Plan - Growth Hybrid - Aggressive Hybrid Fund 5 Please Continue
Franklin Build India Fund - Direct - GROWTH Equity - Sectoral Fund - Infrastructure 1 Can Consider UTI Equity Fund - Growth
Franklin India BLUECHIP FUND - Direct - GROWTH Equity - Large Cap Fund 1 Can Consider Axis Bluechip Fund - Growth
Franklin India Focused Equity Fund - Direct - GROWTH Equity - Focused Fund 1 Can Consider Axis Focused 25 Fund - Growth
Franklin India Smaller Companies Fund - Direct - GROWTH Equity - Small cap Fund 3 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
HDFC Hybrid Equity Fund - Direct Plan - Growth Option Hybrid - Aggressive Hybrid Fund 5 Please Continue
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth Index Funds - Nifty Next 50 3 Can Consider UTI Equity Fund - Growth
ICICI Prudential Bluechip Fund - Growth  Equity - Large Cap Fund 3 Can Consider Axis Bluechip Fund - Growth
ICICI Prudential Equity & Debt Fund - Growth Hybrid - Aggressive Hybrid Fund 5 Please Continue
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth Equity - Large & Mid Cap Fund 4 Please Continue
NIPPON INDIA SMALL CAP FUND - DIRECT GROWTH Equity - Small cap Fund 2 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
Parag Parikh Long Term Equity Fund - Direc  Equity - Multi Cap Fund 5 Please Continue
SBI Blue Chip Fund - Direct Plan - Growth Equity - Large Cap Fund 4 Please Continue
SBI Small Cap Fund Direct Growth Equity - Small cap Fund 3 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
UTI Nifty Index Fund-Direct Growth Plan Index Funds - Nifty 5 Please Continue
Aditya Birla Sun Life Frontline Equity Fund -Growth-Regular Plan  Equity - Large Cap Fund 4 Please Continue
Aditya Birla Sun Life Tax Relief'96 Fund- Growth-Direct Equity - ELSS 4 Please Continue
Aditya Birla Sun Life Tax Relief'96 Fund- Growth-Direct Equity - ELSS 4 Please Continue
Axis Long Term Equity Fund - Regular Growth Equity - ELSS 5 Please Continue
Canara Robeco Equity Tax Saver Fund - Regular Growth Equity - ELSS 4 Please Continue
Franklin India TAXSHIELD - Direct - GROWTH Equity - ELSS 3 Can Consider Axis long term Equity Fund - Growth
HDFC Balanced Advantage Fund - Regular Plan - Growth Hybrid - Balanced Advantage 5 Please Continue
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth Equity - ELSS 3 Can Consider Axis long term Equity Fund - Growth
Kotak Standard Multicap Fund - Direct Plan - Growth  Equity - Multi Cap Fund 4 Please Continue
L&T Emerging Businesses Fund Direct Growth Equity - Small cap Fund 3 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
Mirae Asset Tax Saver Fund - Regular Growth Equity - ELSS 4 Please Continue
SBI Equity Hybrid Fund Direct Growth Hybrid - Aggressive Hybrid Fund 5 Please Continue
SBI Consumption Opportunities Fund Regular Dividend Equity - Sectoral Fund - FMCG 1 Can Consider UTI Equity Fund - Growth

Durgaprasad Mohapatra: I am a 39 years old person, looking at building corpus in next 10-15 years by investing in MFs. As of now i am into the below SIPs. Kindly advise, whether i am on track or any suggestion.

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendation
Durgaprasad Mohapatra
DSP Small Cap Fund  Equity - Small cap Fund 2 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
UTI Children's Career Fund Solution oriented – Children’s’ Fund  3  Can Consider UTI Equity Fund - Growth
DSP Equity Opportunities Fund  Equity - Large & Mid Cap Fund 4 Please Continue
DSP Healthcare Fund Equity - Sectoral Fund - Pharma & Health Care 2 Book Profits and Can Consider DSP Mid Cap Fund - Growth
Canara Robecco Tax Saver Equity - ELSS 4 Please Continue
Mirae Asset Emerging Bluechip Fund Equity - Large & Mid Cap Fund 4 Please Continue
SBI Gold Fund FoFs (Domestic / Overseas ) - Gold 4 Please Continue
SBI Focussed Equity Fund  Equity - Focused Fund 4 Please Continue
DSP US Flexible Equity Fund FoFs (Overseas) 5 Please Continue

Santosh: I have 8 MF ongoing SIPs, which started recently, kindly review and advise details as below. further in addition to this if i want to invest sum lumpsum amount may 10 lacs, which better option you suggest

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendation
Santosh
Motilal Oswal Nasdaq 100 FOF Direct  Growth FoFs (Overseas) 5 Please Continue
IDFC Banking & PSU Fund - Direct - Growth Debt - Banking and PSU Fund 4 Please Continue
SBI Small Cap Fund - Direct - Growth Equity - Small cap Fund 3 Better to consider Axis Small Cap Fund - Growth OR Kotak Small Cap Fund - Growth
AXIS GROWTH OPPORTUNITIES FUND - DIRECT PLAN GROWTH Equity - Large & Mid Cap Fund 4 Please Continue
HDFC Index Fund - SENSEX Plan - Direct - Growth Index Funds - Sensex 5 Please Continue
Mirae Asset Emerging Bluechip Fund Direct Growth Equity - Large & Mid Cap Fund 4 Please Continue
BHARAT BOND FOF - APRIL 2025 - DIRECT PLAN - GROWTH FoFs (Domestic) - Debt Oriented 5 Please Continue
Axis Midcap Fund - Direct - Growth Equity - Mid Cap Fund 5 Please Continue

Santosh Iyer: I have investments in the following mutual funds. (all Growth option). Please advise whether I can continue with them or should change.

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendation
Santosh Iyer
1. Aditya Birla Sunlife Floating Rate Fund-LTP Debt - Floater Fund 4 Please Continue
2. Aditya Birla Sunlife Short Term Opportunities Fund Debt - Short Duration Fund 4 Please Continue
3. Axis All Seasons Debt Fund of Funds FoFs (Domestic) - Debt Oriented 5 Please Continue
4. Axis Banking & PSU Debt Fund Debt - Banking and PSU Fund 3 Can Consider HDFC Banking and PSU Fund - Growth
5. Axis Blue Chip Fund Equity - Large Cap Fund 5 Please Continue
6. Canara Robeco Equity Hybrid Fund Hybrid - Aggressive Hybrid Fund 5 Please Continue
7. DSP Mid-Cap Fund Equity - Mid Cap Fund 4 Please Continue
8. DSP Ultra Short Fund Debt - Ultra Short Duration Fund 2 Can Consider Aditya Birla Sun Life Savings Fund - Growth
9. HDFC Short Term Debt Fund Debt - Short Duration Fund 4 Please Continue
Illustration: Uttam Ghosh/Rediff.com

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.

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