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MFs you must Buy, Hold or Exit

By OMKESHWAR SINGH
June 09, 2021 08:54 IST
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Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries:


Durgaprasad Mohapatra: I am 39 and have been investing through Monthly SIPs in the below Funds, please let me know your expert suggestions on these-whether to retain/exit

DSP Small Cap Fund 2000

UTI Children's Career Fund 1000

DSP Equity Opportunities Fund 3500

DSP Healthcare Fund 2000

Canara Robecco Tax Saver 5000

Mirae Asset Emerging Bluechip Fund 2000

SBI Gold Fund 1000

SBI Focussed Equity Fund 2000

DSP US Flexible Equity Fund 5000

Kotak Balanced Fund 2000

Omkeshwar Singh: You may continue with 1, 3, 4, 5, 6, 8 & 9

Sumitava Chowdhury: I am 44 years old and I have been investing in MFs since January 2019. My portfolio consists of the following:

1. ABSL Tax relief 170000 (lumpsum).

2. Invesco India tax plan 233500 (lumpsum).

3. Mirae asset tax saver 250000 (lumpsum).

4. Canara robeco bluechip equity 365000 (lumpsum).

All are direct growth plans.

I will redeem ABSL Tax relief around March 2022 as it has been underperforming for quite some time. This amount plus an additional 300000 lacs I want to invest via SIP for 18-24 months. 

Considering my age where should I invest this amount? Kotak small cap or PGIM India midcap opportunities fund or ICICI prudential technology fund?

I shall stay invested in equity for another 13-14 years maximum.

My debt portfolio consists of liquid/overnight/ultra short/gold funds and also PPF.

Omkeshwar Singh: Please continue

Rajshekhar Patne: I am 37 year old working woman. I have Rs. 3.5 lakh and want to invest in FD, Gold & MF one time and afterwards want to do SIP of Rs. 8000 pm.

Omkeshwar Singh: You can invest 63% in Equity oriented MF, Gold – 10 to 15% and remaining amount is Debt MF  / FD

You may consider the below funds for lumpsum and monthly SIPs

a)   UTI Flexi Cap – Growth

b)  Parag Parikh Flexi- Cap Growth

c)   Axis ESG Equity Fund – Growth

d)  DSP Mid Cap Fund – Growth

awij shaikh: I invested in MF since 2018 and my investment in MF as below.

1. Axis Blue chip Fund- Direct plan- 3000
2. Aditya Birla tax relief 96 fund - direct plan-3000
3. Mirae Asset emerging bluechip fund-direct- 2500
4. Parag Parikh flexi cap fund- direct- 2000.
5.Hdfc index fund sensex plan- Direct- 5000(quarterly).

So I want accumulate good amount for my daughter education and for retirement. So please suggest the above fund fullfil my requirement or should I change my portfolio.

Omkeshwar Singh: Decent portfolio, no need to change

vivek rangnathrao mallurwar: The details of my SIP Instalment(s) is/are as below:

Scheme - Plan - Option Amount/month

Mirae Asset Emerging Bluechip Fund - Regular Plan Growth - Not-Applicable 10000.00

Axis Mid Cap Fund - Growth - Not-Applicable 10000.00

Nippon India SMALL CAP FUND - GROWTH PLAN GROWTH OPTION - Not-Applicable 10000.00

ICICI Prudential Technology Fund - Regular Plan - Growth - Not-Applicable 5000.00

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Growth - Not-Applicable 5000.00

Aditya Birla Sun Life Banking And Financial Services Fund - Gr. REGULAR - Not-Applicable 10000.00

Request you to please review and suggest any changes, if needed. I need to add 10 K more per month. Please suggest good counters.

Omkeshwar Singh: Please continue with your existing portfolio and you may consider the below for addition SIPs

a)   UTI Flexi Cap – Growth

b)  Parag Parikh Flexi- Cap Growth

shyam kannacham veettil: I am holding following schemes. Shall I hold or change it for another 3 years.

DSP MID CAP FUND - REGULAR PLAN - GROWTH
ICICI PRUDENTIAL MNC FUND - REGULAR PLAN - GROWTH
Franklin India TAXSHIELD IDCW
HDFC TAXSAVER - REGULAR PLAN - IDCW
ICICI PRUDENTIAL LONG TERM EQUITY FUND - TAX SAVING - REGULAR PLAN - GROWTH
L and T TAX ADVANTAGE FUND GROWTH
SBI LONG TERM EQUITY FUND- REGULAR PLAN – GROWTH

Omkeshwar Singh: 1 and 2 are good funds , rest are mostly in ELSS – ELSS can be consolidated in Axis Long Term Equity – Growth & Canara Rebaco Tax Saver - Growth

R Sriram: I am investing in the below Funds, please suggest if I have to make any changes? Also, please suggest a Debt Fund to invest (10 Lakhs) for taking interest every year and hold the capital (10 yrs time frame )

Fund Name - Investing Since - Per Month - To Remain Invested - Overall Return so far

Mirae Asset Emerging Bluechip Fund (G) – 2017 May – 10000 – 2030 - 52%

L&T Midcap Fund (G) - 2018-Oct – 10000 - 2025 - 32%

DSP Mid Cap Fund - Regular Plan (G) - 2017- Jan - 5000 - 2022 - 43%

Aditya Birla Sun Life Small Cap Fund (G) - 2017- Jan - 5000 - 2021 - 27%

Omkeshwar Singh: Please continue

santosh deshpande: I had invested lump sum Rs 24 K in Aditya Birla Sun Life Tax Relief 96 Fund. EQUITY ELSS in June 2017 with
3 yrs lock in. but last year after lock in period ends i hav not withdrawn & still continued it as its NAV is better. so shall i continue or withdraw it?

Also tell me since this MF is ELSS can i take tax benefit of it.

Omkeshwar Singh: You may continue with the scheme; however, the tax benefit can be taken in the year of Investment only, and not after that

rahul gupta: I have a SIP in following @ 1000 per month in each of following wef 2019

Axis long term equity fund
Aditya Birla sun Life equity advantage
Aditya Birla sun Life focussed equity
Franklin template Flexi cap
HDFC balanced advantage fund
SBI Small cap

Please suggest whether to continue or suggest some alternative.

Omkeshwar Singh: Continue with 1 and 6 for rest below can be considered

a)   UTI Flexi Cap – Growth

b)  Parag Parikh Flexi- Cap Growth

c)   Axis ESG Equity Fund – Growth

d)  DSP Mid Cap Fund – Growth

Shikher Arya: Below are the details of my portfolio. I need your assessment if I am on track.

Name of funds:

Mirae Asset Large Cap fund - Monthly SIP INR 4000/- since Jan 2020. 

Current value INR 80896/-

Axis Bluechip fund - Monthly SIP INR 2000/- since Jan 2020. 

Current value INR 36547/-

Tata India Tax Savings fund - Monthly SIP INR 2000/- since July 2017. 

Current value INR 1.23 lakh/-

Kotak Flexi Cap fund - Monthly SIP INR 2000/- since Jan 2020. 

Current value INR 32652/-

Parag Parikh Flexi Cap fund - Monthly SIP INR 2000/- since Feb 2021. 

Current value INR 6292/-

Besides that, I invest in below as well:

Sukanya Samriddhi Yojana - INR 12500/- monthly since 2020.

NPS - INR 12500/- in Tier 1 since 2014 & INR 12500/- in Tier 2 since 2021

FD - INR 20 lakhs since Jan, 2019 @ 5.25% interest. 

Goals:

1- Daughter’s higher education

17 years away, Amount needed around 1 crore

2- Daughter’s marriage:

26 years away, Amount needed around 1.2 crore

3- Retirement:

31 years away, Amount needed around 8 crore

Omkeshwar Singh: Funds are good, however with current Investments 1 and 2nd Goal can be achieved, however to achieve 3 additional Investment is required.

i.e. for 1 crs in 17 years , Investment required is Rs. 15,000 per month

for 1.2 crs in 26 years, additional Investment requirement is Rs. 4000 per month

For Retirement 8 crs in 31 years, additional Investment required is Rs. 16,000 per month

Therefore total monthly investment required to achieve all targets are Rs. 35000 per month

Santhosh Kumar: Please see below the list of Mutual Funds I am holding.

Request your advice to optimize my portfolio to max. of 10 MFs. The below list was gradually added up from 2015 onwards.

1. Aditya Birla Sun Life Equity Advantage Fund - Growth-Regular Plan (formerly known as Aditya Birla Sun Life Advantage Fund)

2. Aditya Birla Sun Life Dynamic Bond Fund Growth-Direct Plan

3. Aditya Birla Sun Life Banking & PSU Debt Fund - Growth-Direct Plan (formerly known as Aditya Birla Sun Life Treasury Optimizer Plan)

4. HDFC Mid-Cap Opportunities Fund - Growth

5. HDFC Balanced Advantage Fund - Growth

6. ICICI Prudential Multicap Fund - Growth

7. ICICI Prudential Value Discovery Fund - Growth

8. SBI Blue Chip Fund - Direct Plan - Growth

9. HDFC Hybrid Equity Fund - Direct Plan - Growth Option

10. Aditya Birla Sun Life Equity Fund - Growth-Regular Plan

11. SBI Focused Equity Fund Regular-Growth

12. SBI Focused Equity Fund Regular-Direct Plan-Growth

13. LIC MF Large Cap Fund-Direct Plan-Growth

14. Axis Bluechip Fund - Direct Plan - Growth

15. BNP Paribas Substantial Equity Hybrid Fund - Growth

16. Kotak Equity Hybrid Fund Direct Plan - Growth (Erstwhile Kotak Balance)

17. Nippon India US Equity Opportunities Fund-Direct Growth Plan((Formerly Reliance Mf)

18. HSBC Regular Savings Fund - Growth

19. Kotak Gold Fund - Growth

20. Nippon India Balanced Advantage Fund - Growth Plan - Growth Option (NEGPG)

21. Edelweiss Balanced Advantage Fund - Growth

22. Motilal Oswal Dynamic Fund - Growth

23. IDFC Bond Fund - Short Term - Growth

24. SBI Short Term Debt Fund - Growth

25. DSP Savings Fund - Growth

26. Aditya Birla Sun Life Floating Rate Fund - Regular Plan - Growth

27. Canara Robeco Bluechip Equity Fund - Regular Plan - Growth

28. Mirae Asset Large Cap Fund - Regular - Growth

29. Axis Bluechip Fund - Regular Plan - Growth

30. SBI Savings Fund - Growth (For short term)

31. Parag Parikh Long Term Equity Fund - Growth

32. HDFC Money Market Fund Growth

33. SBI BANKING AND PSU FUND - GROWTH

34. HDFC Index Fund-NIFTY 50 Plan - Direct(INNPT)

35. SBI International Access - US Equity FOF - Regular Plan - Growth: NFO

Your support in this regard will be highly appreciated.

Omkeshwar Singh: Continue with 3, 7, 8, 12, 14, 21, 27, 28, 29 & 31

Imtiyaz Alamshah: I have 10 lakh to invest. I want to invest for short term for 18 to 24 month. I have invested 2 lakh in Motilal Oswal Multi Asset Fund - Regular Growth.

Can you suggest which MF to buy for remaining 8 lakhs.

Omkeshwar Singh: Best suited fund for 18 to 24 months are Debt – Short duration Funds.

HDFC Short term Fund – Growth can be considered

Vincent D'souza: I am currently having SIP in following MFs:

Kindly advise if these MFs are ok and could be continued or need any changes in MF portfolio.

Also, how long should I hold it?

Also how much do I need to invest to get a profit of 50-60K yearly and in which MF should I invest?

EFGP-Axis Bluechip Fund - Regular Growth 3000

ICICI Prudential Corporate Bond Fund - Growth 2000

Kotak Corporate Bond Fund Standard Growth (Regular Plan) 2000

SBI Flexicap Fund - Regular Plan - Growth 2000

Omkeshwar Singh: You may continue with 1, 2 & 3 and for 4th either of the below can be considered

a)   UTI Flexi Cap – Growth

b)  Parag Parikh Flexi- Cap Growth

Tapas gayadhar pandab Pandab: As I am a novice in this regard, I am a middle class fellow and I want to earn a handsome amount after 10 to 15 years. As a result after studying or going through the internet I have invested in the MF.

1. SBI Blue chip fund regular growth.& Direct growth. (4,000/Month)

2. Bajaj Allianz (Future gain plan). (2500/Month)

3. UTI-Flexi cap fund. (2000/Month)

4. Kotak emerging equity fund. (1000/Month)

5. Axis blue chip fund Direct growth. (1000/Month)

Sir how would you rate this above, would you recommend me to continue this for a longer time? Free frank opinion will be appreciated.

Omkeshwar Singh: Please continue, all funds are decent

Hitesh Ingale: I have been investing the below MFs from 2019 as SIPs. Please suggest to me if they all are good funds and do I have too many funds?

Should I make some changes? Or all is good here?

Mirae asset emerging gr - 5000pm - Retirement - Current Annual return -36.6%

Canara robeco emerging gr - 3000pm - Holiday in next 5yrs -Current Annual return-32.7%

Axis midcap - 5000pm - Wealth creation 15yrs -Current Annual return-26.3%

Axis long term ELSS - 2000pm - TAX -Current Annual return-25.7%

SBI small cap - 5000pm - Wealth creation 15yrs -Current Annual return-56.8%

Axis small cap - 2000pm - Wealth creation 15yrs -Current Annual return-15%

Mirae Tax saver ELSS - 3000pm - TAX -Current Annual return-12.7%

Edelweiss balance advan - 3000pm - For Emergency fund for 3yrs - started recently

Total: 28000 per month

Omkeshwar Singh: Please continue, all funds are decent


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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