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Do you have too many MFs in your portfolio?

By OMKESHWAR SINGH
September 30, 2020 08:47 IST
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'I am in mutual fund investing for the last 3 years.'
'I have been investing by myself and have ended up with a very diversified portfolio.'
'I would request if you could advise to continue these investments or switch them to debt funds.'

Why you should invest in multi-cap funds

Illustration: Dominic Xavier/Rediff.com

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


Name of the Fund Recommendations  ( Contine / SmartSwitch)
Mamidela Suresh: i am a regular investor in MF through SIPs. These are the following fund I am holding. PL advise can I switch or keep it as such.
UTI VALUE OPPORTUNITY FUND (G) 2Y Continue
RELIANCE NIPPON INDIA FOCUSED EQUITY FUND(G) 3Y Mirae Asset Focused Fund - Regular Plan - Growth
ICICI PRU MULTICAP FUND(G) 3Y Uti Equity Fund-growth Plan-growth
RELIANCE NIPPON INDIA MULTICAP FUND(G) 2Y Uti Equity Fund-growth Plan-growth
RELIANCE NIPPON INDIA BANKING FUND(G) 2Y Mirae Asset Emerging Bluechip Fund - Regular Plan - Growth Option
M D Kale: Pl share your opinions about following scripts & MF. Should i hold/exit or buy more 
Franklin India Taxshield-G  Too mANY funds for any meaningful returns --Consolidate as under
1) Large Caps -- Canara Robeco Bluechip Equity Fund Regulargrowth.
2) Multi Caps - Uti Equity Fund-growth Plan-growth
3) Large and Midcaps to Mirae Asset Emerging Bluechip Fund - Regular Plan - Growth Option
4) Mid Caps to Dsp Midcap Fund - Regular Plan - Growth
5) Small Caps to Axis Small Cap Fund - Regular Plan Growth and rest all to Axis Esg Equity Fund Regular Growth For Tax / ELSS Canara Robeco Equity Tax Saver Fund Regular Growth
HDFC Equity-G 
HDFC Top 100-G 
HSBC Large Cap Equity-G 
ICICI Prudential Bluechip-G 
ICICI Prudential Value Discovery G
Invesco India Tax Plan-G
L&T India Value-G
L&T Midcap-G
Nippon India Growth-G 
Nippon India Vision-G
SBI Bluechip-G 
SBI Equity Hybrid-G 
SBI Long Term Equity Fund-G 
SBI Magnum Equity ESG-G 
SBI Magnum MultiCap-G 
SBI Small Cap-G 
UTI Equity Reg-G
Aditya Birla Sun Life Focused Equity G
Aditya Birla Sun Life Frontline Equity-G
Canara Robeco Emerging Equities Reg - G
DSP Equity Opportunities-G 
DSP Midcap Reg-G 
Franklin India Bluechip-G 
Franklin India Equity-D 
Franklin India Focused Equity - D
Franklin India Opportunities-G
Franklin India Smaller companies-G
Sharad Agarwal: Kindly arrange to give your Expert Advice on the Following MF Investments - Continue / Exit / Switch / Any other. I am a regular reader of your expert advice column on rediff.com
1 ADITYA BSL REG SAV ( G) Icici Prudential Regular Savings Fund - Growth
2 HDFC BALANCE ADVA RP (G) Icici Prudential Balanced Advantage Fund - Growth
3 HDFC HYBRID EQUITY RP ( G ) Canara Robeco Equity Hybrid Fund Regular Growth
4 HDFC MID - CAP OPP RP ( G ) DSP Midcap - Growth
5 L & T EMERGING BUSI RP ( G ) Axis Small Cap - Growth
6 L & T INDIA VALUE RP ( G ) Axis Esg Equity Fund Regular Growth
7 HDFC LOW DURATION ( G ) continue
8 L & T INDIA VALUE RP ( G ) Axis Esg Equity Fund Regular Growth
Tushar: Kindly give your expert advice on following MF investments I have been doing for last 4 years (Monthly SIP):
SBI Magnum Multicap Fund (G) Uti Equity Fund-growth Plan-growth
HDFC Hybrid Equity Fund (G) Canara Robeco Equity Hybrid Fund Regular Growth
Aditya Birla Sun Life Equity Fund (G) Uti Equity Fund-growth Plan-growth
Kotak standard Multicap Fund (G) SmartSwitch to Uti Equity Fund-growth Plan-growth
Franklin India Smaller Companies Fund (G) Axis Small Cap - Growth
ANONYMOUS: I am 36 years old. I have invested in the below mutual funds, kindly advise as I have not got the desired results and as of now its mostly no profit no loss stage: 
L&T Emerging Opportunities Fund-Sr.II (D) Axis Small Cap - Growth
Principal Dividend Yield Dund (G) Uti Dividend Yield Fund - Growth Option
IDFC Sterling Value Fund (G) Axis Esg Equity Fund Regular Growth
Anonymous: Please analyse my MF portfolio
B91 -Aditya Birla Sun Life Frontline Equity Fund- Dividend Regural Plan Credit Risk Funds to be avoided (Banking and PSU, Corporate Bond and Gilt are better options in Debt), Too many funds for any meaningful returns , --Consolidate as under
1) Large Caps -- Canara Robeco Bluechip Equity Fund Regulargrowth.
2) Multi Caps - Uti Equity Fund-growth Plan-growth
3) Large and Midcaps to Mirae Asset Emerging Bluechip Fund - Regular Plan - Growth Option
4) Mid Caps to Dsp Midcap Fund - Regular Plan - Growth 
5) Small Caps to Axis Small Cap Fund - Regular Plan Growth and rest all to Axis Esg Equity Fund Regular Growth-- - For Tax / ELSS Canara Robeco Equity Tax Saver Fund Regular Growth  and Hybrid - Aggressive - Canara Robeco Equity Hybrid Fund Regular Growth
B251D- Aditya Birla Sun Life Midcap Fund - Plan Dividend Regural Plan
B249B-Aditya Birla Sun Life Equity Saving Fund- Gr. Regular
B51 - Aditya Birla Sun Life Equity Fund - Growth - Requral Plan
B251G Aditya Birla Sun Life Midcap Fund -PLAN - Growth
D104-DSP Mid Cap Fund - Regural Plan - Growth
D01 - DSP Equity and Bond Fund Regural Plan Growth
HACGPG HDFC Small Cap Fund Regural Plan Growth
HGFG HDFC Balanced Advantage Fund Regural Plan Growth
H44- HDFC Top 100 Fund Regural Plan Growth
RMFSCGPG- Reliance Small Cap Fund- Growth Plan Growth Option
RMFGFGPG- Reliance Growth Fund -Growth Plan Growth Option
RMFSEGPG- Reliance Value Fund- Growth Plan Growth Option
RMFGDGPG- Reliance Gold Saving Fund- Growth Plan Growth Option
RMFSDGPG- Reliance Credit Risk Fund Growth Plan Growth Option
B249B- Aditya Birla Sun Life Equity Savings Fund- Gr. Regural
B1180B- Aditya Birla Sun Life Banking and Financial Services Fund- Gr. Regural
D110- DSP Tax Saver Fund - Regural Plan -Growth
D01- DSP Equity and Bond Fund- Regural Plan- Growth
D157- DSP Small Cap Fund -Regural Plan - Growth
D104-DSP Mid Cap Fund- Regural Plan - Growth
P01-ICICI Prudential Long Term Equity Fund (Tax Saving) Growth
P1191-ICICI Prudential Bluechip Fund - Growth
RMFSHGPG- Reliance Equity Hybrid Fund- Growth Plan Growth Option
RMFEOGPG- Reliance Multi Cap Fund- Growth Plan Growth Option
RMFTSGPG- Reliance Tax Saver (ELSS) Fund- Growth Plan Growth Option
Sri Vidya: Saw your article in rediff website. Request you to kindly review our portfolio and suggest us accordingly.These are the funds in my account and my husband's account.
Aditya Birla SL - Banking and Financial Services Fund Reg (G) Too much funds for any meaningful returns, --Consolidate as under
1) Focused -- Mirae Asset Focused Fund - Regular Plan - Growth.
2) Multi Caps - Uti Equity Fund-growth Plan-growth
3) Large and Midcaps / Mid Caps to Mirae Asset Emerging Bluechip Fund - Regular Plan - Growth Option
4) Hybrid - Aggressive - Canara Robeco Equity Hybrid Fund Regular Growth
5) Small Caps to Axis Small Cap Fund - Regular Plan Growth and rest all to Axis Esg Equity Fund Regular Growth   -- Continue the Existing ELSS
Axis - Long Term Equity Fund (G)
DSP - Mid cap Fund Reg (G)
DSP - Small cap Fund Reg (G)
Franklin - India Focused Equity Fund (G)
HDFC - Small Cap Fund (G)
HDFC - Tax Saver (G)
ICICI Pru - Banking & Financial Services Fund Reg (G)
Kotak - Standard Multicap Fund (G)
IDFC - Focused Equity Fund Reg (G)
Invesco - India Contra Fund (G)
Kotak - Standard Multicap Fund (G)
L&T - Emerging Businesses Fund (G)
L&T - India Value Fund (G)
L&T - Infrastructure Fund (G)
Mirae - Asset Emerging Bluechip Fund Reg (G)
Motilal Oswal - Multicap 35 Reg (G)
Nippon India - Small Cap Fund (G)
Principal - Emerging Bluechip (G)
SBI - Banking & Financial Services Fund Reg (G)
Tata - India Consumer Fund Reg Plan (G)
HDFC - Hybrid Equity Fund (G)
Devesh Sondhi: Please guide whether I should continue investing in these funds. Or you have suggestions to switch to any other funds. I am having following 8 regular SIPs in mutual funds:
1) Axis Focused 25 Fund - Gr Continue
2) DSP Midcap Fund - Reg Gr Continue
3) HDFC Small Cap Fund - Gr Axis Small Cap - Growth
4) L&T Midcap Fund - Gr DSP Midcap Fund - Reg Gr
5) Mirae Asset Emerging Bluechip Fund - Gr Continue
6) Nippon India Multi-Cap Fund - Gr Uti Equity Fund-growth Plan-growth
7) SBI Magnum MidCap Fund - Gr Uti Equity Fund-growth Plan-growth
8) SBI Small Cap Fund – Gr Continue
Sanjay Kulkarni: Was referring to your advice on rediff.com and need your help. Please advise on how to go about investing the 25L and schemes with a mix of long term debt funds and also long term equity. Should I continue to contribute to my SIP's or switch for high growth MFs?
  a) Kotak Gold ETF - 10000 Continue . Although SGB is better option for investments in to Gold
  b) MIrae Asset Large Cap - 15000 Continue
  c) SBI - Blue Chip Fund Reg (G) - 10000
Axis Bluechip Fund - Regular Growth
  d) HDFC - Mid Cap Opportunities Fund (G) - 15000 DSP Midcap Fund - Reg Gr
  e) Tata Digital India - 5000  Continue
  f) Tata India Consumer Growth - 5000 Axis Esg Equity Fund Regular Growth
  a) Axis Focussed 25 - 10000 Continue
  b) Kotak Multi-cap - 10000 SmartSwitch to Uti Equity Fund-growth Plan-growth
Abhinaya Dutta: I've been investing in the below funds for 2 years now. My questions are as follows: A. Should I remain invested in these funds; B. What should be the right time to exit and realize the profit? A time span if you can guide. 
Axis focused 25 fund –G: Continue
Hdfc capital builder value fund - regular plan - G Axis Esg Equity Fund Regular Growth
UTI equity G Continue
Nippon India focused equity fund - G Mirae Asset Focused Fund - Regular Plan - Growth
Tata equity PE fund regular plan - G Continue
Dhruv Kaura: Hello sir, I am in mutual fund fund investing for the last 3 years. I have been investing by myself and have ended up a very diversified portfolio. While reviewing some of my investment I would to consolidate some of my funds into debt funds as i would need some funds in 3 years time. I would request if you could advise to continue these investments or switch them to debt funds
DSP Focus Fund – Gr 
Continue
IDFC Focused Equity Fund - Regular Plan – Gr 
Mirae Asset Focused Fund - Regular Plan - Growth
Invesco India Dynamic Equity Fund – Gr 
Edelweiss Balanced Advantage Fund - Growth Option
Kotak Standard Multicap Fund – Gr 
SmartSwitch to Uti Equity Fund-growth Plan-growth
L&T India Value Fund – Gr 
Axis Esg Equity Fund Regular Growth
L&T Large and Midcap Fund – Gr 
Mirae Asset Emerging Bluechip Fund - Regular Plan - Growth Option
Nippon India Focused Equity Fund – Gr 
Mirae Asset Focused Fund - Regular Plan - Growth
Principal Hybrid Equity Fund - Gr Canara Robeco Equity Hybrid Fund Regular Growth
Bikramjit Sen: I have my monthly sips in the below funds for the past few years and have an investment horizon of 8-10 years. Keeping that in mind kindly advise on below holding.
ICICI PRU Blue Chip Fund-Growth Canara Robeco Bluechip Equity Fund Regulargrowth
ICICI Pru -Multi Asset Fund-Growth  Sbi Multi Asset Allocation Fund Regular Growth
Franklin India Focused Equity Fund-Growth Mirae Asset Focused Fund - Regular Plan - Growth
Franklin India Smaller Co's Fund-Growth Axis Small Cap - Growth
IDFC Core Equity Fund-Growth-Reg Plan Canara Robeco Emerging Equities Regular -growth
SBI Magnum Multicap Fund- Reg Plan (G) Uti Equity Fund-growth Plan-growth
Kotak Std Multicap Fund-Growth-Reg Plan SmartSwitch to Uti Equity Fund-growth Plan-growth
Tata Equity P/E Fund Reg Plan-Growth Continue
L&T Midcap Fund-Growth  DSP Midcap Growth
UTI Mastershare Unit Scheme-Reg Growth Plan Continue
DSP Equity Opportinities Fund-Reg-G  Canara Robeco Emerging Equities Regular -growth
Axis Long Term Equity Fund (G)-Close end Continue
IDFC Hybrid Equity Fund-Reg Plan-Growth Canara Robeco Equity Hybrid Fund Regular Growth
Ajay Kumar: I am investing in following mutual fund from last 1.5 to 2 years. Pl advise which SIP to be discontinued, and which MF to be switched to which MF.
1. Parag Parikh Long Term Equity Fund - Regular Plan - Growth - Equity - Diversified Continue
2. Nippon India Banking Fund - Regular Plan - Growth - Equity - Sector Fund Axis Esg Equity Fund Regular Growth
3. ICICI Prudential Banking and Financial Services - Regular Plan - Growth Axis Esg Equity Fund Regular Growth
4. ICICI Prudential Bluechip Fund - Regular Plan - Growth - Equity - Diversified Canara Robeco Bluechip Equity Fund Regulargrowth
5. Nippon India Large Cap Fund - Regular Plan - Growth - Equity - Diversified Canara Robeco Bluechip Equity Fund Regulargrowth
6. SBI Blue Chip Fund - Regular Plan - Growth - Equity - Diversified Canara Robeco Bluechip Equity Fund Regulargrowth
7. HDFC Mid-Cap Opportunities Fund - Regular Plan - Growth - Equity - Diversified DSP Midcap Growth
8. Mirae Asset Large Cap Fund - Regular Plan - Growth - Equity - Diversified Canara Robeco Bluechip Equity Fund Regulargrowth
9. Aditya Birla Sun Life Equity Fund - Regular Plan - Growth - Equity – Diversified Uti Equity Fund-growth Plan-growth
Nidhi Sharma: I am 43 years old and want your guidance on MF investment. I intend to invest Rs 20000 per month.My goals are: child's(13 now) education after 5 years and creating post retirement corpus. Currently, i am investing Rs 7000 in Franklin India Prima Fund since past 3 years but it hasn't yielded any appreciable return. Also, i invested in SBI DAF XXV an amount of Rs 3,25,000 in 2017 which will mature in April 2021. I wish to re invest this amount too.
Franklin India Prima Fund  DSP Midcap Growth
SBI DAF XXV  Edelweiss Balanced Advantage Fund - Growth Option
Radhakrishnan B:  I am investing in below mutual funds via SIP for more than 3 years. My main aim is wealth creation on the longer run ( 5 -7 Years).Pls advice if i can continue with the existing or switch to new funds?
1.Axis Bluechip Fund - Reg ( G)  -- Equity Large cap Continue
2.ICICI Pru Equity & Debt Fund ( G) -- Hybrid aggressive Hybrid Fund Canara Robeco Equity Hybrid Fund Regular Growth
3. Kotak Corporation Bond Fund ( G) -- Debt Corporate Bond Fund Continue
4. Mirrae Asset Emerging Blue Chip- Reg ( G) -- Equity-Large & Mid cap fund Continue
5.Mirrae Asset Large Cap Fund-Reg ( G) - Equity Large Cap fund Continue
6. InvescoIndia Growth Opportunities Fund ( G) Canara Robeco Emerging Equities Regular -growth
7.L&T India value fund ( G) Axis Esg Equity Fund Regular Growth
8.SBI Bluechip Fund ( G) Canara Robeco Bluechip Equity Fund Regulargrowth
9.ICICI Pru Value discovery Fund ( G) Continue
10.Kotak Standard Multicap Fund ( G) SmartSwitch to Uti Equity Fund-growth Plan-growth
11.HDFC Top 100 Fund ( G) Canara Robeco Bluechip Equity Fund Regulargrowth
12.Parag Parikh Long term Equity fund ( G) Continue
13.Axis Blueechip fund ( G) continue
R Srinivasan: I have invested in SBI long term equity fund (previously SBI Taxgain Fund) in 2007-2010. Should I continue or shift to some other fund. Tks
SBI long term equity fund  Canara Robeco Equity Tax Saver Fund Regular Growth
Aniruddha Sen: We have a portfolio of the following MFs. Pls advise whether we should continue with the same or switch.
Aditya Birla Sun Life MNC Fund Gr Too much funds for any meaningful returns, can continue Existing Contra, Liquid funds --Consolidate as under
1) Large Caps -- Canara Robeco Bluechip Equity Fund Regulargrowth.
2) Multi Caps / Mid Cap - Uti Equity Fund-growth Plan-growth
3) Small Caps to Axis Small Cap Fund - Regular Plan
4) Focused - Mirae Asset Focused Fund - Regular Plan - Growth and in Hybrid - Arbitrage Sundaram Arbitrage Fund Regular Growth Hybrid - Aggressive- Canara Robeco Equity Hybrid Fund Regular Growth Hybrid - Balanced - Union Balanced Advantage Fund Regular Plan - Growth Hybrid - dynamic Asset - Edelweiss Balanced Advantage Fund - Growth Option
Axis Dynamic Equity Fund - Gr
Axis Focused 25 Fund - Gr
BNP Paribas Midcap Fund - Gr
Canara Robeco Equity Diversified Fund - Gr
DSP Small Cap Fund - Gr
Franklin India Focused Equity Fund- Gr
HDFC Balanced Advantage Fund Gr
HDFC Equity Fund - Gr
HDFC Hybrid Equity Fund - Gr
HDFC Mid Cap Opportunities Fund- Gr
HDFC Top 100 Fund - Gr
ICICI Prudential Bluechip Fund - Gr
Invesco India Contra Fund - Gr
Invesco India Liquid Fund - Gr
Kotak Standard Multicap Fund - Gr
L&T Arbitrage Opportunities Fund - Gr
Nippon India Arbitrage Fund - Div
Nippon India Arbitrage Fund - Gr
Nippon India Multi Cap Fund - Gr
Nippon India Small Cap Fund - Gr
SBI Blue Chip Fund - Gr
SBI Magnum MidCap Fund - Gr
SBI Magnum Multicap Fund - Gr
Axis Focused 25 Fund - Gr
Canara Robeco Equity Diversified Fund - Gr
Invesco India Contra Fund - Gr
Invesco India Liquid Fund - Gr
Kotak Standard Multicap Fund - Gr
L&T Arbitrage Opportunities Fund - Gr
Nippon India Arbitrage Fund - Gr
SBI Magnum Multicap Fund - Gr 
Uday Parab: Below i have mentioned my mutual funds details. Please guide me.
HDFC Equity Fund - direct plan growth  Mirae Asset Focused Fund - Regular Plan - Growth
Mirae Asset Large Cap Fund - Regular Plan Growth  Continue
Icici Prudential Bluechip Fund Growth Canara Robeco Bluechip Equity Fund Regulargrowth
SBI Blue chip fund G Canara Robeco Bluechip Equity Fund Regulargrowth
   

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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