Wondering if you did the right thing with your mutual fund investments?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If you want his advice on your mutual fund investments, please mail your questions to firstname.lastname@example.org with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Here are Omkeshwar Singh's recommendations: As a general rule to investing, you may continue with 4- and 5-star rated funds, while the rest may need a re-look.
Amitava Chakraborty: I am a retired employee of a CPSU. I invested about Rs 30 lakh in SBI Mutual Fund, "L24 SBI Equity Hybrid Fund Regular Dividend" scheme in 2018, March with a provision of quarterly return. The first quarterly return was ok, about Rs 90,000. But subsequent quarterly returns diminished substantially and then stopped altogether. I was thus forced to withdraw part of the investment and re-invested the fund elsewhere. Please, can you tell me the reason for this dismal performance of SBI Mutual Fund? Also please advise me on some other Mutual Funds for investment.
Omkeshwar Singh: Sir, the returns of the scheme is as under:
Since inception 15.46%
Last 1 year’s returns in question have been fair.
MF for investment:
Hybrid - Aggressive Hybrid Fund: Axis Equity Hybrid Fund - Dividend Pay-out is better option presently
Niraj Kalra: Please advise (exit or further invest) for the following mfs. Please let me know which ones to exit and where to invest more. I want to invest around 5-6 lakh.
Omkeshwar Singh: You may continue with 4 and 5 star rated funds; for 3 star ones you can consider these.
Top 2 Equity value funds are (4-Star rated)
Siddharth Choudhary: I have been investing for past 5 years and below is the list of investment that I have done so far. Please suggest if I should continue investing in same manner or need to do any changes in the portfolio. Also, I am planning to invest in ICICI Prudential US Bluechip Equity Fund this month. Whether I should do an SIP or lumpsum investment?
Omkeshwar Singh: You may continue with 4 and 5 Star rated funds; for 3 star ones you can consider the below ones.
Equity - Large Cap Fund:
Shankar: I am a 50 year old professional with more than 2 decades in 2 large Pharma MNCs that I invested in 3 flats (Mumbai, Thane and Chennai) and left with a corpus of 2 crore. Somehow I never heard or seen any proper advice from anyone with regard to investing lumpsum in MFs. Currently the FDs are earning a decent 8.5 per cent per annum and my risk appetite is low.
What is your advice for me to invest in MFs?
Omkeshwar Singh: We can look at only debt funds:
Therefore you may consider banking and PSU debt funds
Rahul R: I am 40 years and investing Rs 10K each monthly MF SIPs in following 2 funds since last 3 years. Need your advice, shall I continue the same or redeem/switch?
Omkeshwar Singh: 3 rated schemes need to be reconsidered from the ones below.
Equity - Large Cap Fund:
Multicap: Suitable options considering quality and value for money at present levels are:
Debasish Majumder: I am 56 years, presently investing in following ELSS MFs as SIP. I want to know which one should I continue, any other should be introduced or not? For some personal reason, I can't invest in equity MFs at present.
Omkeshwar Singh: All funds seem to be decent and can be continued.
Shailesh Sawant: I am 39 years old. I am investing in following mutual funds:
Omkeshwar Singh: 4 and 5 star funds can be continued; better small cap options are as under:
I would like to have your opinion whether I can still continue in these schemes or shift to some other schemes? Also, would like to know the reason for the same. We are investing in the above-mentioned schemes from last one and half year.
Omkeshwar Singh: 4 and 5 star funds can be continued, better small cap options are as under.
Moreover, I am thinking about investing in Gold ETF funds. Is it advisable to invest in gold ETF? If yes then please suggest the best fund in the market.
Omkeshwar Singh: Gold is pretty volatile and presently it is not advisable for investment purpose.
Venkat Sundaram: I am holding following MFs since launch:
Omkeshwar Singh: 5 star fund can be continued and Equity - Sectoral Fund – Infrastructure to be avoided presently.
HARANATH BABU: I HAVE ICICI LONG TERM EQUITY FUND ELSS, SHALL I KEEP IT OR EXIT? KINDLY ADVISE.
Omkeshwar Singh: Better ELSS schemes are available for consideration as under
Vishal Thakar: I am an SIP investor in Mutual Funds from past 3 years and below are my SIP investments per month:
Omkeshwar Singh: 4 and 5 star funds can be continued, rest to be reconsidered
Equity - Large Cap Fund:
Omkeshwar Singh, Head, Rank MF, can be reached at email@example.com
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Disclaimer: This article is meant for information purpose 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.