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Rediff.com  » Getahead » MF GURU: Mutual funds you must buy, hold or exit NOW

MF GURU: Mutual funds you must buy, hold or exit NOW

By OMKESHWAR SINGH
December 14, 2021 08:54 IST
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'What is the best MF for a good return?'

Illustration: Dominic Xavier/Rediff.com

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


Saikat Banerjee: I am very new in MFs. Right now I am 33 years old.

I want to continue upto the age of 60 years with a monthly investment of Rs 3,000.

What is the best MF suited for me for a good return?

Omkeshwar Singh: You may consider Axis ESG Equity Fund (Growth) and Motilal Oswal Focused 25 Fund (Growth).

 

Gururaj Desai: I'm 22 years old. I am planning to invest via SIP and I'm beginner in the stock market. I want to invest for next 10-12 years.

Which are the best mutual funds in which I can invest Rs 2,000 monthly as of now?

And which is better to invest in -- RD in post office or mutual funds debt funds?

Omkeshwar Singh: Please clarify if you want to invest in equity funds for 10 years or debt funds.

 

Paresh Sawant: I am 28 years old and I am investing in the below funds. I want to retire early, at around 50 years.

Kindly let me know should I increase my SIP amount or make any other changes. All are growth.

Total amount per month is Rs 27,000. Pls advise sir.

Mutual Funds Amount Invested
PGIM India Midcap Rs 2,000
Quant Multi Asset Rs 1,000
Tata Digital India Fund Rs 1,000
Axis Small Cap Fund Direct Rs 1,000
SBI Small Cap Fund Direct Rs 1,000
Nippon India Small Cap Rs 2,000
Axis Focused 25 Direct Rs 2,000
Aditya Birla Sun Life Digital India Rs 2,000
Aditya Birla Sun Life Equity Rs 2,000
ICICI Prudential Technology Direct Rs 2,000
Parag Parikh Long Term Rs 2,000
Mirae Asset Healthcare Rs 1,000
HDFC Pension Management Rs 2,000
Quant Active Fund Direct Rs 1,000
SBI Magnum Midcap Rs 1,000
Nippon India Pharma Rs 1,000
UTI Healthcare Fund Rs 1,000
UTI Flexi Cap Rs 2,000

Omkeshwar Singh: There are too many funds; restrict yourself to 4 to 6 funds at the most.

 

Sunil Kumar S: I have investments in the following mutual funds (all direct growth option) for close to two years now.

I am planning to continue investing for the next 10 years.

Please advise whether I can continue with these or should change to any other plan.

Mutual Funds Amount Invested
BI Bluechip Fund Rs 3,500
SBI Small Cap Fund Rs 2,500
Axis Bluechip Fund Rs 6,500
Mirae Asset Large Cap Fund Rs 2,500
Mirae Asset Hybrid Equity Fund Rs 5,000

Omkeshwar Singh: These are fine funds, please continue.

 

Mayank Vijay: Please advise. I am 32 and have the below funds.

Please suggest should I merge any? Start new SIP?

SIP started on July 5, 2021.

Mutual Funds Plan Type Amount Invested
Canara Robeco Bluechip Equity Fund Direct Growth Rs 10,000
Canara Robeco Emerging Equities Fund Direct Growth Rs 10,000
PGIM India Midcap Opportunities Fund Direct Growth Rs 5,000
Nippon India Small Cap Fund Direct Growth Rs 5,000

Lump sum:

Mutual Funds Amount Invested
Axis Midcap Fund (August 21, 2020) 50,000
Axis Small Cap Fund (February 4, 2020) 50,000
PGIM India Midcap Opportunities Fund Direct Growth (June 8, 2021) 50,000
Quant Active Fund (June 6, 2021) 50,000
ICICI Prudential Technology Fund (July 1, 2021) 50,000
Kotak Small Cap Fund (February 12, 2021) 35,000
Mirae Asset Midcap Fund (February 12, 2021) 35,000
Edelweiss US Technology Equity Fund of Fund (January 12, 2021) 30,000

Omkeshwar Singh: There are too many funds already, no need to increase any further funds.

 

Kumar Rohit: I have invested in following schemes.

Please suggest whether I shall continue in them.

I want to invest Rs 10,000 more. Which new fund shall I select or shall I increase in one of them?

Please help.

Mutual Funds Amount Invested
1. Axis Small Cap Rs 5,000
2. Invesco Contra Fund Rs 4,000
3. Mirae Asset Emerging Bluechip Rs 10,000
4. ICICI Prudential Technology Fund Rs 10,000
5. ICICI Prudential Bluechip Rs 3,000
6. SBI Bluechip Rs 4,000

Omkeshwar Singh: Please continue. Six funds are sufficient. You need not need increase funds; you may increase amount as required in these schemes only.

 

Partha Mandal: I am Partha from Kolkata, my age is 30.

I want to invest Rs 3,000 and Rs 2,000 in SIP modes in two mutual funds for 20-25 years.

Please suggest some best, fundamentally strong mutual funds for long term, where I can get a good return.

Omkeshwar Singh: You may consider Axis ESG Equity Fund (Growth) and Motilal Oswal Focused 25 Fund (Growth).

 

Nadeem Ahmed: I want to start investing in MFs. I am a student. I can invest Rs 5,000 per month in any good MF to get 15-16 per cent returns.

I want to remain invested for around three years.

My goal is to collect Rs 5 lakh at the end of the third year.

Please suggest the best MF. And also suggest the best platform to do this.

Omkeshwar Singh: Rs 5,000 per month for three years will not be sufficient for a corpus of Rs 5 lakhs.

 

Akhand Kumar: I am 40 years old and hold below MFs as SIP.

I seek your view whether to hold or redeem in the current market scenario.

Fund SIP Amount
ABSL Pure Value Fund (G) Rs 5,000
ABSL Focused Equity Fund (G) Rs 5,000
HDFC Midcap Opportunities Rs 2,500
ICICI Pru Bluechip Fund Rs 2,500
Nippon India Small Cap Fund (G) Rs 5,000
Canara Robeco Emerging Equity Reg (G) Rs 5,000
HDFC Top 100 Rs 7,500
ICICI Pru Multi Asset (Dynamic Fund) Rs 2,500
ICICI Pru Value Discovery Rs 2,500
IDFC Multi Cap Fund-Growth (Regular Plan) Rs 2,500
L&T India Value Fund SIP, Hold
Nippon India Multicap Fund - (G) SIP, Hold
SBI Focused Equity (G) Rs 2,500
Nippon India Large Cap Fund Growth Rs 5,000
UTI Value Opportunities (G) SIP, Hold
Quantum Long Term Equity Value Fund (D) SIP, Hold
Kotak Flexicap Growth Plan Rs 5,000
Mirae Emerging Bluechip Rs 5,000
Axis Bluechip Fund Rs 5,000
UTI Flexi Cap Rs 5,000
 Total Rs 67,500

Omkeshwar Singh: Four to six funds are sufficient for adequate diversification. Depending on your objective, you may continue or stop a few of the funds.

 

Bose NV: I am a 58-year-old salaried person investing in the following SIPs since last four years with minimum horizon of 10 years.

Please advise whether to continue or should I shift to others?

Also suggest best performing, short term, debt risk free funds to invest around Rs 25 to 30 lakhs for a one to one-and-a-half year period.

I am getting advice to invest in banking and PSU funds instead of FDs for short term investment.

Fund SIP Amount
1. Tata India Tax Saving Fund Reg (G) Rs 6,500
2. Franklin Focused Equity Fund (G) Rs 6,500
3. Mirae Asset Emerging Blue Chip Fund Reg ( G) Rs 2,500
4. Mirae Asset Large Cap Fund Reg (G) Rs 5,000

Omkeshwar Singh: Please continue the equity investments. Also, please be informed that there are no risk free debt funds. The market risk always remains.

 


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