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MFs you must buy, exit or hold

By OMKESHWAR SINGH
August 04, 2020 09:06 IST
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Are your MF investments not bearing fruit?

Are you holding MF units for more than two years and are looking at a huge portfolio loss?

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

 

Why you should invest in multi-cap funds


Arun Kumar Misra: I have invested in following in mutual funds for a pretty long time but these funds are not yielding the desired results. Please advise where to shift these funds:

1. HDFC TOP 100 - GROWTH- PLAN GROWTH Rs. 50,000

2. IDFC STERLING EQUITY FUND GROWTH- PLAN GROWTH Rs. 25,000

3. DSP FOCUS FUND - GROWTH-PLAN GROWTH Rs. 40,000

4. NIPPON INDIA SMALL CAP FUND GROWTH-PLAN GROWTH Rs. 40,000

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Arun Kumar Misra      
1. HDFC TOP 100 - GROWTH- PLAN GROWTH Rs. 50,000 Equity - Large Cap Fund 2 Switch to UTI MasterShare - Growth
2. IDFC STERLING EQUITY FUND GROWTH- PLAN GROWTH Rs. 25,000 Equity - Value Fund 1 switch to Axis ESG Fund  - Growth
3. DSP FOCUS FUND - GROWTH-PLAN GROWTH Rs. 40,000 Equity - Focused Fund 3 switch to Axis Focused 25 Fund  - Growth
4. NIPPON INDIA SMALL CAP FUND GROWTH-PLAN GROWTH Rs. 40,000 Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth

Ramesh Koti: SIP Details ongoing since last 4 years, should I continue with the same schemes or request your kind suggestion / advice. SIP amount of Rs.3000 per month in each of the MF.

1) Birla Sun Life Pure Value Fund - Growth
2) Canara Robeco Emerging Equities - Growth
3) DSP Black Rock Income Opportunities Fund - Growth
4) DSP Black Rock Small And Mid Cap Fund - Growth
5) Franklin India Prima Fund - Growth
6) Kotak Emerging Equity Scheme - Regular Plan - Growth
7) L&T Emerging Businesses Fund - Regular Plan - Growth
8) L&T India Value Fund - Regular Plan - Growth
9) SBI Magnum Midcap Fund - Growth
10) Sundaram Select Midcap – Growth

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Ramesh Koti      
1) Birla Sun Life Pure Value Fund – Growth Equity - Value Fund 1 switch to Axis ESG Fund  - Growth
2) Canara Robeco Emerging Equities – Growth Equity - Large & Mid Cap Fund 4 continue
3) DSP Black Rock Income Opportunities Fund - Growth (Dsp Credit Risk Fund - Regular Plan) Debt - Credit Risk Fund 2 Credit Risk funds to be avoided , instead Corporate Bond or Banking and PSU funds to be considered
4) DSP Black Rock Small And Mid Cap Fund - Growth      
Dsp Small Cap Fund - Regular Plan – Growth Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
Dsp Midcap Fund - Growth Equity - Mid cap Fund 4 continue
5) Franklin India Prima Fund - Growth Equity - Mid Cap Fund 2 Switch to - Dsp Midcap Fund - Growth
6) Kotak Emerging Equity Scheme - Regular Plan - Growth Equity - Mid Cap Fund 3 Switch to - Dsp Midcap Fund - Growth
7) L&T Emerging Businesses Fund - Regular Plan - Growth Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
8) L&T India Value Fund - Regular Plan – Growth Equity - Value Fund 2 switch to Axis ESG Fund  - Growth
9) SBI Magnum Midcap Fund - Growth Equity - Mid Cap Fund 2 Switch to - Dsp Midcap Fund - Growth
10) Sundaram Select Midcap – Growth Equity - Focused Fund 2 switch to Axis Focused 25 Fund  - Growth

Sanjay Vaswani: I hold following mutual fund schemes:

1. BOI-AXA CONSERVATIVE HYBRID FUND-ECO PLAN-QUARTERLY DIV-REINVEST UNITS HELD: 3328.910 AVG COST=10.32

2. BOI-AXA CONSERVATIVE HYBRID FUND-REGULAR PLAN-QUARTERLY DIVIDEND-REINVEST UNITS: 3638.672 AVG COST=11.15

3. BOI-AXA EQUITY DEBT REBALANCER FUND-REGULAR-DIVIDEND-REINVEST UNITS HELD: 3942.504 AVG COST=10.97

Current value has been less than the average cost since quiet some time. I would like to know whether to hold till value recover or exit? 

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Sanjay Vaswani      
1. BOI-AXA CONSERVATIVE HYBRID FUND-ECO PLAN-QUARTERLY DIV-REINVEST Hybrid - Conservative Hybrid Fund 1 Switch to Icici Prudential Regular Savings Fund - Growth
2. BOI-AXA CONSERVATIVE HYBRID FUND-REGULAR PLAN-QUARTERLY DIVIDEND-REINVEST Hybrid - Conservative Hybrid Fund 1 Switch to Icici Prudential Regular Savings Fund - Growth
3. BOI-AXA EQUITY DEBT REBALANCER FUND-REGULAR-DIVIDEND-REINVEST Hybrid - Dynamic Asset Allocation 4 continue

Balla Kumar Hemant: Can you please review my below funds and suggest the course of action?

Presently investing through SIP:

UTI Nifty Index Fund - Dir G Plan: Rs 4000

HDFC Index Fund - Dir G Plan: Rs 4000

SBI Blue Chip Fund Dir Plan-G: Rs 4000 (3.55% return)

Mirae Asset Large Cap Fund - Dir-G: Rs 4000

Canara Robeco Equity Diversified - Growth  4000

IIFL Focused Equity Fund - Dir - Growth: Rs 2000

Axis Small cap fund - Growth-Direct: Rs 2000

UTI Value Opportunities Fund - Dir – Growth: Rs 2000

LIC MF Large & Mid Cap Fund - Dir - Growth: Rs 2000

Axis Midcap fund - Growth - Direct: Rs 2000

Axis Blue Chip fund - Growth - Direct: Rs 4000

Axis Small Cap fund - Direct- Growth: Rs 2000

One time investments done:

Kotak Money Market Sch-Dir Plan-Gr 

IDFC Government Securities Fund-Investment Plan-Growth-(Direct Plan)

Principal Credit Risk Fund -Reg Plan

UTI Ultra Short Term Fund - Dr Plan - Gr

Previously invested through SIP but stopped now. I want to exit these funds. When can I exit?

ABSL Equity Fund - Growth-DIRECT (4.47% return)

ABSL Frontline Equity Fund -Grow-DIRECT (0.79% return) 

Kotak Std Multicap-Direct Plan-Gr (4% return)

L&T Emerging Businesses Fund Direct Plan (-15% return)

L&T India Value Fund Direct Plan – Growth (0.38% return)

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Balla Kumar Hemant      
UTI Nifty Index Fund - Dir G Plan: Rs 4000 Index Funds - Nifty 4 continue
HDFC Index Fund - Dir G Plan: Rs 4000      
HDFC Index Fund - NIFTY 50 Plan - Growth Index Funds - Nifty 4 continue
HDFC Index Fund Sensex Plan Index Funds - Sensex 5 continue
SBI Blue Chip Fund Dir Plan-G: Rs 4000 (3.55% return) Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
Mirae Asset Large Cap Fund - Dir-G: Rs 4000 Equity - Large Cap Fund 4 Continue
Canara Robeco Equity Diversified - Growth  4000 Equity - Multi Cap Fund 4 continue
IIFL Focused Equity Fund - Dir - Growth: Rs 2000 Equity - Focused Fund 2 switch to Axis Focused 25 Fund  - Growth 
Axis Small cap fund - Growth-Direct: Rs 2000 Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
UTI Value Opportunities Fund - Dir – Growth: Rs 2000 Equity - Value Fund 3 switch to Axis ESG Fund  - Growth
LIC MF Large & Mid Cap Fund - Dir - Growth: Rs 2000 Equity - Large & Mid Cap Fund 2 Switch to Canara Robeco Emerging Equities Regular -growth  
Axis Midcap fund - Growth - Direct: Rs 2000 Equity - Mid Cap Fund 2 Switch to - Dsp Midcap Fund - Growth
Axis Blue Chip fund - Growth - Direct: Rs 4000 Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
Axis Small Cap fund - Direct- Growth: Rs 2000 Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
Kotak Money Market Sch-Dir Plan-Gr  Debt - Money Market Fund 5 continue
IDFC Government Securities Fund-Investment Plan-Growth-(Direct Plan) Debt - Gilt Fund 5 continue
Principal Credit Risk Fund -Reg Plan Debt - Credit Risk Fund 1 Credit Risk funds to be avoided , instead Corporate Bond or Banking and PSU funds to be considered
UTI Ultra Short Term Fund - Dr Plan - Gr Debt - Ultra Short Duration Fund 5 continue
ABSL Equity Fund - Growth-DIRECT (4.47% return) Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
ABSL Frontline Equity Fund -Grow-DIRECT (0.79% return)  Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
Kotak Std Multicap-Direct Plan-Gr (4% return) Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
L&T Emerging Businesses Fund Direct Plan (-15% return) Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
L&T India Value Fund Direct Plan – Growth (0.38% return) Equity - Value Fund 2 switch to Axis ESG Fund  - Growth

Mayank Dixit: My wife (30 yrs) and I (31 yrs) have started investing in below mutual funds and ELSS via SIP from June'2019 with a long term horizon.

Self:

Aditya Birla Sun Life Tax Relief' 96 - Growth Option: SIP 2000

Mirae Asset Tax Saver Fund- Regular plan - Growth: SIP 2000

Kotak Standard Multicap Fund - Growth : SIP 1500

Mirae Asset Emerging Bluechip Fund - Regular Plan -Growth Option: SIP 1500

Wife:

DSP Tax Saver Fund - Regular Plan- Growth: 20000 lumpsum

Mirae Asset Tax Saver Fund- Regular plan - Growth: 30000 lumpsum

HDFC MID-Cap oppurtunities fund - growth option : SIP 1000

Mirae Asset Emerging Bluechip Fund - Regular Plan -Growth Option: SIP 1000

Need to know your views on the selection of funds and changes if any.

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Mayank Dixit      
Aditya Birla Sun Life Tax Relief' 96 - Growth Option: SIP 2000 Equity - ELSS 4 continue
Mirae Asset Tax Saver Fund- Regular plan - Growth: SIP 2000 Equity - ELSS 3 Switch to Canara Robeco Equity Tax Saver Fund Regular Growth
Kotak Standard Multicap Fund - Growth : SIP 1500 Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
Mirae Asset Emerging Bluechip Fund - Regular Plan -Growth Option: SIP 1500 Equity - Large & Mid Cap Fund 3 Switch to Canara Robeco Emerging Equities Regular -growth
DSP Tax Saver Fund - Regular Plan- Growth: 20000 lumpsum Equity - ELSS 2 Switch to Canara Robeco Equity Tax Saver Fund Regular Growth
Mirae Asset Tax Saver Fund- Regular plan - Growth: 30000 lumpsum Equity - ELSS 3 Switch to Canara Robeco Equity Tax Saver Fund Regular Growth
HDFC MID-Cap oppurtunities fund - growth option : SIP 1000 Equity - Mid Cap Fund 2 Switch to - Dsp Midcap Fund - Growth
Mirae Asset Emerging Bluechip Fund - Regular Plan -Growth Option: SIP 1000 Equity - Large & Mid Cap Fund 3 Switch to Canara Robeco Emerging Equities Regular -growth

Varun: I am 37 year old with 2 kids (10yrs and 6 years) for wealth generation please guide me.

Following SIPs per month:

1. Parag parikh long term DG 3k
2. Icici bank. Adv. DG 3k
3. Mirae emerging DG 2k
4. Axis bluechip DG 2k
5. DSP midcap DG 2.5k
6. Lnt focus DG 1k
7. Kotak std multicap DG 1k

Lumpsump investments:

1. Lnt triple ace bond DG (50k profit switched from lnt hybrid equity fund before lockdown)
2. Lnt Hybrid equity 1.1 lakh (invested through sip now stopped)
3. Hdfc children gift fund RG 1.75 lakh (invested through sip now stopped)
4. Mirae large cap RG 1 lakh
5. Iifl focus DG 50k
6. Axis small cap DG 50k

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Varun      
1. Parag parikh long term DG 3k Equity - Multi Cap Fund 5 continue
2. Icici bank. Adv. DG 3k Hybrid - Balance Advantage 5 continue
3. Mirae emerging DG 2k Equity - Large & Mid Cap Fund 3 Switch to Canara Robeco Emerging Equities Regular -growth
4. Axis bluechip DG 2k Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
5. DSP midcap DG 2.5k Equity - Mid cap Fund 4 continue
6. Lnt focus DG 1k (L&t Focused Equity Fund Regular Plan - Growth Equity - Focused Fund 3 switch to Axis Focused 25 Fund  - Growth
7. Kotak std multicap DG 1k Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
1. Lnt triple ace bond DG (50k profit switched from lnt hybrid equity fund before lockdown) Debt - Corporate Bond Fund 3 Switch to ICICI PRUDENTIAL CORPORATE BOND FUND - GROWTH
2. Lnt Hybrid equity 1.1 lakh (invested through sip now stopped) Hybrid - Aggressive Hybrid Fund 5 continue
3. Hdfc children gift fund RG 1.75 lakh (invested through sip now stopped) (Not in RankMF)    
4. Mirae large cap RG 1 lakh Equity - Large Cap Fund 4 Continue
5. Iifl focus DG 50k (IIFL Focused Equity Fund -Regular Plan - Growth) Equity - Focused Fund 2 switch to Axis Focused 25 Fund  - Growth
6. Axis small cap DG 50k Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth

Anonymous: I am an artist by profession and presently I am 30 years. I have been investing in mutual funds since 2013 through SIPs. The initial goal was my marriage expenses and setting up my new office, both the goal has been achieved on 2016 and this year respectively.

Presently, I have following mutual funds, however, the returns are not good. I want to continue the same for atleast another 5 years and my aim is a house. Also, my income has substantially reduced as I have set up my office recently. Please advise me whether i should continue these mutual funds or switch and also whether I should reduce my mutual funds considering my income has gone down. 

1. Aditya Birla Sunlife Medium Term Plan - Growth Regular Plan - investing Rs. 5,000/- pm.

2. Aditya Birla Sunlife Frontline Equity Fund - Growth Regular Plan - investing Rs. 5,000/- pm

3. Axis long term equity fund - Regular Plan Growth - investing Rs. 5,000/- pm 

4. Franklin India Tax Shield Growth - investing Rs. 5,000/- pm

5. ICICI Prudential Bluechip Fund Growth - investing Rs. 15,000/- pm

6. IDFC Multicap Fund Growth (Regular Plan) - investing Rs. 5,000/- pm

7. SBI Bluechip Regular Plan Growth - investing Rs. 15,000/- pm

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Anonymous      
1. Aditya Birla Sunlife Medium Term Plan - Growth Regular Plan - investing Rs. 5,000/- pm. (Not in RankMF)    
2. Aditya Birla Sunlife Frontline Equity Fund - Growth Regular Plan - investing Rs. 5,000/- pm Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
3. Axis long term equity fund - Regular Plan Growth - investing Rs. 5,000/- pm  Equity - ELSS 4 continue
4. Franklin India Tax Shield Growth - investing Rs. 5,000/- pm Equity - ELSS 1 Switch to Canara Robeco Equity Tax Saver Fund Regular Growth
5. ICICI Prudential Bluechip Fund Growth - investing Rs. 15,000/- pm Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
6. IDFC Multicap Fund Growth (Regular Plan) - investing Rs. 5,000/- pm Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
7. SBI Bluechip Regular Plan Growth - investing Rs. 15,000/- pm Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth

Sahil Dhamija: I have invested in below mutual funds via SIP from Jan 2018 and will continue the investment for another 12-13 years.

I want to build a Retirement Corpus of 4 to 5 crores. 

My risk profile is Aggressive/Moderate and want a mix of Equity & Debt Funds.

My current portfolio is as follows: 

1) Aditya Birla Sunlife Focussed Equity Fund-Growth - 2000 per month 

2) L & T Midcap Fund Cumulative - 2000 per month 

3) Mirae Asset Large Cap Fund -Growth - 2000 per month 

4) SBI Magnum Multicap Fund - Growth - 2000 per month 

5) Sundaram Rural Consumption Fund Regular Growth - 2000 per month.

6) Axis Bluechip Fund G - Direct Plan - 2000 per month (This is only 5 Months Old SIP)

Please suggest if i want to increase the current SIP amount of 12000 per month to reach the goal & if the above portfolio needs to be tweaked to better funds. 

SIP of Rs. 12K can build a corpus of Rs. 60 lakhs only in 15 years …  for 4 to 5 crs , SIP amount needs to be Rs. 75000 to Rs. 100000

Omkeshwar Singh: 

Name of the Fund Category RankMF Star Rating Recommendations
Sahil Dhamija      
1) Aditya Birla Sunlife Focussed Equity Fund-Growth - 2000 per month  Equity - Focused Fund 3 switch to Axis Focused 25 Fund  - Growth
2) L & T Midcap Fund Cumulative - 2000 per month  Equity - Mid Cap Fund 3 Switch to - Dsp Midcap Fund - Growth
3) Mirae Asset Large Cap Fund -Growth - 2000 per month  Equity - Large Cap Fund 4 Continue
4) SBI Magnum Multicap Fund - Growth - 2000 per month  Equity - Multi Cap Fund 3 Switch to UTI Equity fund  - Growth
5) Sundaram Rural Consumption Fund Regular Growth - 2000 per month. Equity - Thematic Fund - Other 2 switch to Axis ESG Fund  - Growth
6) Axis Bluechip Fund G - Direct Plan - 2000 per month Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth

 

Mohammad Azharuddin: I have SIPs in Mutual Fund as per details below: Are they good to hold? 

Aditya Birla Sun Life Equity Fund – Growth: Rs 5000

Aditya Birla Sun Life Focused Equity Fund - Growth- (formerly Known As Aditya Birla Sun: Rs 5000

Aditya Birla Sun Life Frontline Equity Fund –growth: Rs 5000

Axis Focused 25 Fund - - Growth Option: Rs 10000

Canara Robeco Emerging Equities - - Growth: Rs 5000

Hdfc Hybrid Equity Fund - - Growth: Rs 5000

Hdfc Mid-cap Opportunities Fund - - Growth: Rs 5000

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Mohammad Azharuddin      
Aditya Birla Sun Life Equity Fund – Growth: Rs 5000 Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
Aditya Birla Sun Life Focused Equity Fund - Growth- (formerly Known As Aditya Birla Sun: Rs 5000 Equity - Focused Fund 3 switch to Axis Focused 25 Fund  - Growth
Aditya Birla Sun Life Frontline Equity Fund –growth: Rs 5000 Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
Axis Focused 25 Fund - - Growth Option: Rs 10000 Equity - Focused Fund 5 continue
Canara Robeco Emerging Equities - - Growth: Rs 5000 Equity - Large & Mid Cap Fund 4 continue
Hdfc Hybrid Equity Fund - - Growth: Rs 5000 Hybrid - Aggressive Hybrid Fund 5 continue
Hdfc Mid-cap Opportunities Fund - - Growth: Rs 5000 Equity - Mid Cap Fund 2 Switch to - Dsp Midcap Fund - Growth

Nitin Pendharkar: My wife has been investing Rs. 1000 per month in the following Mutual funds for the last 3 years. Kindly advice whether we should continue or switch over to some other mutual funds. we will be requiring the amount after 2 years for my sons education after 12th.

Aditya Birla Sun Life Equity Fund - Growth-Regular Plan
Aditya Birla Sun Life Frontline Equity Fund -Growth-Regular Plan
BOI AXA Mid & Small Cap Equity & Debt Fund - Regular Plan - Growth
DSP Focus Fund - Regular Plan - Growth
HDFC Hybrid Equity Fund - Regular Plan - Growth
Mirae Asset Large Cap Fund -Regular Growth Plan

Lumpsum amount of Rs 36,000 in the following Mutual funds:

RELIANCE MULTI CAP FUND - GROWTH PLAN GROWTH OPTION
RELIANCE FOCUSED EQUITY FUND - GROWTH PLAN GROWTH OPTION

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating Recommendations
Nitin Pendharkar      
Aditya Birla Sun Life Equity Fund - Growth-Regular Plan Equity - Multi Cap Fund 2 Switch to UTI Equity fund  - Growth
Aditya Birla Sun Life Frontline Equity Fund -Growth-Regular Plan Equity - Large Cap Fund 3 Switch to UTI MasterShare - Growth
BOI AXA Mid & Small Cap Equity & Debt Fund - Regular Plan – Growth Hybrid - Aggressive Hybrid Fund 4 continue
DSP Focus Fund - Regular Plan - Growth Equity - Focused Fund 3 switch to Axis Focused 25 Fund  - Growth
HDFC Hybrid Equity Fund - Regular Plan – Growth Hybrid - Aggressive Hybrid Fund 5 continue
Mirae Asset Large Cap Fund -Regular Growth Plan Equity - Large Cap Fund 4 Continue
RELIANCE MULTI CAP FUND - GROWTH PLAN GROWTH OPTION Equity - Multi Cap Fund 1 Switch to UTI Equity fund  - Growth
RELIANCE FOCUSED EQUITY FUND - GROWTH PLAN GROWTH OPTION Equity - Focused Fund 1 switch to Axis Focused 25 Fund  - Growth

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.

Illustration: Dominic Xavier/Rediff.com

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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