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ASK MF GURU: MFs you must buy, hold or exit

By OMKESHWAR SINGH
September 16, 2021 09:18 IST
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'I want to invest Rs 4-5K monthly in MFs through SIP mode.
'I want to create a corpus of Rs 25 lakhs.
'What should my strategy be to create a corpus of around Rs 50 lakhs?'

Illustration: Dominic Xavier/Rediff.com
 

Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:


Niraj Kalra: Please advise regarding the following portfolios.

No investments in ICICI Pru Tax Saver Fund for the last four years; only in Axis Tax Saver and DSP Tax Saver.

All funds are regular growth, except debt funds.

Risk appetite is moderate.

Portfolio 1 -- investor age, 35 years
Axis Blue Chip
Axis Long Term Equity
Canara Robeco Focused Fund
DSP Flexi Cap
HDFC Balanced
HDFC Flexi
ICICI Pru Tax Saver
Mirae Asset FANG+ NYSE ETF
Nippon India Pharma
Portfolio 2 -- investor age, 61 years
Axis Banking & PSU Debt
Axis Bluechip
Axis Growth Opportunity Fund
Axis Long Term Tax Saver
Edelweiss Balanced Advantage
ICICI Pru Corporate Bond
ICICI Pru Long Term Tax Saver
SBI Magnum Gilt Long Term Fund
Portfolio 3 -- investor age, 31 years
Axis Bluechip
DSP Tax Saver
ICICI Pru Tech, Growth
ICICI Long Term Tax Saver
Nippon India Pharma
Parag Parikh Flexi Cap
SBI Banking & Financial Service Plan, Regular Growth
Portfolio 4 -- investor age, 65 years
Axis Bluechip
Axis Long Term Tax Saver
Mirae Asset Emerging Bluechip
Mirae Asset Large Cap
ICICI Pru Long Term Equity Tax Saver
Portfolio 5 -- investor age, age 27 years
Axis Bluechip
Axis Long Term Tax Saver
Parag Parikh Flexi Cap
Tata Banking And Financial Services Fund
Tata Digital India
Tata India Pharma & Healthcare

Omkeshwar Singh: The portfolios are good. However, they are mostly high risk portfolios. Add some hybrids to moderate the risk and exit from high risk funds, especially the sectoral funds.

 

Ammulu Chippada: I am 28 years old and pursuing my job. I am currently investing 12.5K per month with a horizon of 10-15 years.

Please review my portfolio and suggest necessary improvements.

Following are the fund names that I am currently holding:

1. SBI Bluechip -- Direct Growth Rs 2.5K per month
2. Axis Bluechip -- Direct Growth Rs 2.5K per month
3. Mirae Asset Emerging Bluechip -- Direct Growth Rs 2.5K per month
4. Parag Parikh Flexi Cap -- Direct Growth Rs 2.5K per month
5. Axis Midcap Fund -- Direct Growth Rs 1.5K per month
6. Canara Robeco Focused Equity Fund -- Direct Growth Rs 1K per month

Omkeshwar Singh: 1, 2, 3, 4 and 5 are fine funds.

 

Sahil Ganju: I want to invest Rs 4-5K monthly in MFs through SIP mode. I want to create a corpus of Rs 25 lakhs.

Please suggest the best funds in your opinion and what my strategy should be to create a corpus of around Rs 50 lakhs.

Awaiting your response.

Omkeshwar Singh: You may consider the below funds:

Axis ESG Equity Fund -- Growth
Motilal Oswal Focused 25 Fund -- Growth
UTI Flexi Cap Fund -- Growth

 

Dr Shyamsundar Sreedharala: I am a practising dentist. I have been investing in mutual funds since 2015. Please let me know which funds are to be continued and which funds have to be switched.

These are my investments in mutual funds, valued at around Rs 25,40,000 on May 31.

I am 43 years old and plan for a corpus of around Rs 1.5 crores at the age of 60.

Please guide me regarding the changes I need to make in my portfolio.

Thank you Sir. Have a good day

SIP:

1. ADITYA BIRLA SUN LIFE FLEXI CAP FUND -- GROWTH, REGULAR PLAN Rs 2,000 per month
2. SCGP-AXIS SMALL CAP FUND -- GROWTH, REGULAR PLAN Rs 2,500 per month
3. EFGP-AXIS BLUE CHIP FUND -- GROWTH, REGULAR PLAN Rs 2,000 per month
4. DSP MIDCAP FUND -- GROWTH, REGULAR PLAN Rs 2,500 per month
5. ICICI PRUDENTIAL BLUECHIP FUND -- GROWTH Rs 3,000 per month
6. ICICI PRUDENTIAL VALUE DISCOVERY FUND Rs 3,000 per month

Lumpsum

1. ADITYA BIRLA SUN LIFE FOCUSED EQUITY FUND -- GROWTH, REGULAR PLAN Rs 50,000. Present value; Rs 75,339
2. AXIS FOCUSED 25 FUND -- REGULAR GROWTH Rs 50,000. Present value: Rs 72,039
3. FRANKLIN INDIA SMALLER COMPANIES FUND -- GROWTH Rs 1,90,000. Present value: Rs 2,68,171
4. HDFC MIDCAP OPPORTUNITIES FUND -- GROWTH, REGULAR PLAN Rs 2,50,000. Present value: 3,77,199
5. ICICI PRUDENTIAL EQUITY AND DEBT FUND -- GROWTH Rs 35,000. Present value: Rs 49,452
6. NIPPON INDIA LARGE CAP FUND -- GROWTH PLAN, GROWTH OPTION Rs 2,67,000. Present value: Rs 3,38,377

Omkeshwar Singh: In SIPs, please continue with 2, 3, 4, 5 and 6.

In lumpsum, please continue with 2, 4 and 5. You may consider the below for the rest.

Axis ESG Equity Fund -- Growth
Motilal Oswal Focused 25 fund -- Growth
UTI Flexi Cap Fund -- Growth

 

Tahir Khan: I have been investing in MFs since 2014. Please take a look at my portfolio and let me know if it is correct.

1. ABSL Frontline Equity Fund -- Growth
2. Axis Flexi Cap Fund
3. Axis Long Term Equity Fund
4. Canara Robeco Emerging Fund
5. Franklin India Smaller Fund
6. HDFC Midcap Opportunities Fund
7. ICICI Bluechip Opportunities Fund
8. ICICI Prudential Value Discovery Fund
9. Mirae Asset Emerging Bluechip Fund
10. Motilal Oswal Flexi Cap Fund
11. Nippon India Small Cap Fund
12. Nippon India Tax Saver Fund

Omkeshwar Singh: You may continue with 2, 3, 4, 6, 8, 9, 10 and 11.

 

Selvam Subramanian Basha: I am holding the following mutual funds. Request your view on this and suggestions on alternate funds.

Fund Name Investment per month Total value as of today % Return
Axis Bluechip Fund Rs 2,000 Rs 17,686 10.54%
Axis Long Term Equity Fund Rs 5,500 Rs 1,63,783 35.92%
Mirae Asset Emerging Bluechip Fund Rs 7,500 Rs 2,49,768 49.36%
Tata Equity PE Fund Rs 3,000 Rs 1,86,708 32.53%
AB SL India GenNext Fund Rs 4,000 Rs 3,83,484 49.22%
SBI Blue Chip Fund Rs 3,000 Rs 1,29,790 39.56%
  Total: Rs 25,000    

Omkeshwar Singh: These are decent funds, please continue.

 

Sanjeev Agrawal: I wish to invest with a horizon of 10 years in mutual funds. I wish to invest Rs 10,000 per month to create wealth. I also want to invest in good gold funds.

Is it good to invest in index funds?

Please advise which funds I should invest in.

Omkeshwar Singh: Index funds are decent. You may consider:

UTI NIFTY INDEX FUND -- GROWTH
HDFC INDEX FUND -- SENSEX PLAN, GROWTH

 

Tarak Buch: I am 39.

Besides the below SIPs, I have 2 PPF accounts and 1 Sukanya, Rs 36,500.

Is this okay to get moderate income?

Please revert.

MF SIP started in 2020 Per month
ICICI Prudential Pharma Healthcare and Diagnostics -- D Rs 5,000
ICICI Prudential ESG -- D Rs 2,500
Sundaram Bluechip -- D Rs 2,500
Principal Large Cap -- D Rs 2,500

Omkeshwar Singh: You may continue.

 

Sarvotham Salvankar: I am investing through monthly SIP @ Rs 5,500 since the last 10 years in the following MFs.

Please suggest whether the same portfolio may be continued or any changes are required.

1. SBI Contra Fund Regular Plan -- Dividend
2. SBI Contra Fund Regular Plan -- Growth
3. SBI Equity Hybrid Fund Regular -- Growth
4. SBI Focused Equity Fund Regular -- Dividend
5. SBI Focused Equity Fund Regular -- Growth
6. SBI Magnum Global Fund Regular Plan -- Growth

Omkeshwar Singh: You may continue with 2, 3, 5 and 6.

 

Pavan Kumar: Hope you are doing well.

I am 38 years old and would like your advice on investing in MFs that give a good return in 3-5 years. I can invest around Rs 2 lakh lumpsum.

Omkeshwar Singh: You may consider:

Axis ESG Equity Fund -- Growth
Canara Robeco Equity Hybrid Fund -- Growth

 

Rajendra Singh: I am not so much into MFs but started investing around 1.5 yrs back in the below funds.

Being a middle class person and having two kids (8 years and 2 years), I am planning to invest a bit more and have some decent amount after 10-15 years.

Please suggest one or two good MFs in which I can start investing. Also suggest any changes that I need to make in my present portfolio -- like increase, decrease or stop.

Parag Parikh Flexi Cap (G) Rs 1,500 per month
ICICI Pru Multicap (G) Rs 1,000 per month
DSP Ultra Short (G) Rs 1,000 per month

Omkeshwar Singh: The above funds are fine presently. Additionally, you may look at:

Axis ESG Equity Fund -- Growth
Motilal Oswal Focused 25 Fund -- Growth

 

Shubham Khandelwal: Till now I have invested around Rs 6 lakhs in Axis Long Term Equity -- Direct Growth and DSP Tax Saver funds over the past four years for tax saving and investment purpose.

Now I want to invest Rs 5 lakhs lumpsum for good returns.

Please suggest some funds for the same.

Omkeshwar Singh: It's better to stagger your investment into 12 months. Here are a few funds that may be considered.

Axis ESG Equity Fund -- Growth
Motilal Oswal Focused 25 Fund -- Growth
UTI Flexi Cap Fund -- Growth
ICICI US Bluechip Fund -- Growth

 

Nirmalaya Chatterjee: I am having MF investments of about Rs 43K per month and wish to invest Rs 20K more from next month.

Please suggest suitable MFs so that I can create the maximum corpus by retirement.

At present, I have invested in: 

AB Sun Life Frontline Equity Fund -- Growth
HDFC Mid-Cap Opportunities Fund -- Regular Plan, Growth
ICICI Prudential Banking and Financial Services
ICICI Prudential Bluechip Fund -- Growth
Kotak Flexicap Fund -- Growth
Mirae Asset Large Cap Fund -- Growth
Nippon Large Cap Fund -- Growth
SBI Blue Chip Fund -- Regular Plan, Growth

Omkeshwar Singh: You may continue with 2, 4, 5, 6 and 8.

 

Bhupinder Singh Dhanjal: I am 69 years old and have started investing for the last couple of years.

Please check and let me know if my investments are on the right track.

I intend to carry on with investment for another two years.

Looking forward to your advice.

SIP since July 2018

1. Nippon India Small Cap fund (G) Rs 50K
2. ICICI Pru Bluechip Fund (G) Rs 1 lakh
3. ICICI Pru Multicap Fund (G) Rs 50K
4. ICICI Pru Multi-Asset fund (G) Rs 50K
5. Kotak Equity Opportunities Fund -- Regular Plan Rs 30K
6. Kotak Flexi Cap -- Regular Plan Rs 30K
7. Axis Focused Rs 25K-30K
8. Aditya Birla Sun Life Frontline Equity Fund Rs 30K
9. HDFC Capital Builder Value Fund Rs 20K
10. Tata Equity PE Fund -- Regular Plan, G Rs 60K
Total value is around Rs 2 crores

Omkeshwar Singh: You may continue with 1, 2, 5, 6, 7 and 10.


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.

Feature Presentation: Ashish Narsale/ Rediff.com

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OMKESHWAR SINGH / Rediff.com