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MFs you must hold, exit and buy

November 29, 2019 09:00 IST

Wondering if you did the right thing with your mutual fund investments?

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

 

If you want his 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 Omkeshwar will offer his unbiased views.


Animesh Raj Chakraborty: I want to know that I am investing Rs 1500 on monthly basis as SIP in HDFC TOP 100 FUND- REGULAR PLAN. Kindly let me know whether it’s a good platform for investment for medium-term basis or should I change it to other plan? My age is 30 years, from Silchar, Assam. Waiting for your valuable feedback. 

Omkeshwar Singh:

Name of the Fund Category RankMF Star Rating
HDFC TOP 100 FUND- REGULAR PLAN Equity - Large Cap Fund 4

You may continue with this fund.


Srinivasa Seshadry: I have invested in ABSL Pure Value Fund Growth since 2018 through SIPs. NAV has nosedived from high of 84 to current 46. Please suggest should I continue or switch. Kindly suggest alternatives.

Omkeshwar Singh:

Name of the Fund Name of the Fund RankMF Star Rating
ABSL Pure Value Fund Growth Equity - Value Fund 2

Top 2 equity value funds are (4-Star rated)


Kiran Singh: Greetings, my age is 44 years & apart from liabilities of loan, I sometimes feel like investing in MF, but looking at current scenario & people around me who have invested in MF have turned negative or are less than their investment in 3-years.

I need advice on investing in MF which should be balanced (tax saver can also do) in returns with horizon of 12-15 years looking ahead the responsibilities (daughter marriage & higher education) & expenses thereon.

A bigger chunk of my salary goes into loan repayment, approximately Rs 91435/month which is 55 per cent of my net income, so need advice as to really look at MF or wait as the liabilities are higher. 

These liabilities are towards my two home loans (rented with an income of Rs 8800 & one of the property is under construction) & a car loan.

Omkeshwar Singh: At present market levels the investments should be done in Multicap , Focused and Mid cap.

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap, Motilal Oswal Multicap 35

Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25 and Motilal Oswal Focused 25

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

ELSS: Suitable options considering quality and value for money at present levels are Motilal Oswal Long Term Equity – Growth


Dibakar Maiti: I am 32 and would like to know the following mutual funds are good or not as I am investing in them for more than 5 years around Rs 40,000 each month by SIP mode. Please suggest me if I have to change any. 

Please suggest as I am investing almost Rs 40,000 per month in SIP mode. Whether any change is required or not?  Also suggest the best funds for me as I am thinking for 12 to 20 years. Waiting for your valuable comments  

Omkeshwar Singh:

Name of the Fund Name of the Fund RankMF Star Rating
UTI Transportation and Logistics Fund(dividend and growth both)     
Growth Equity - Sectoral Fund - Auto 2
Dividend Reinvestment Plan Equity - Sectoral Fund - Auto 1
Dividend Payout Plan Equity - Sectoral Fund - Auto 1
UTI Equity Fund (dividend and growth)     
Growth Equity - Multi Cap Fund 5
Dividend Reinvestment Plan Equity - Multi Cap Fund 5
Dividend Payout Plan Equity - Multi Cap Fund 5
UTI Infrastructure Fund (growth)  Equity - Sectoral Fund - Infrastructure 3
UTI Midcap Fund (growth)  Equity - Mid Cap Fund 2
UTI MNC Fund(dividend)    
Dividend Payout Plan Equity - Thematic Fund - MNC 2
Dividend Reinvestment Plan Equity - Thematic Fund - MNC 2
UTI Core Equity Fund (dividend)     
Dividend Payout Plan Equity - Large & Mid Cap Fund 1
Dividend Reinvestment Plan Equity - Large & Mid Cap Fund 2
UTI Value Opportunity Fund (dividend and growth)    
Growth Equity - Value Fund 4
Dividend Payout Plan Equity - Value Fund 3
Dividend Reinvestment Plan Equity - Value Fund 4
UTI ArbitageFund Hybrid - Arbitrage Fund 4
UTI Ultra Short-term Fund Debt - Ultra Short Duration Fund 5
ICICI Pru India Value Opportunity Fund Equity - Thematic Fund - Other 3
ICICI Value Discovery Fund Equity - Value Fund 2
ICICI PruEquity and Debt Fund Hybrid - Aggressive Hybrid Fund 5

You may continue with funds with 4 and 5 star rated, sector funds to be avoided and good funds in Multicap , Focused and Mid cap should be invested in.

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap, Motilal Oswal Multicap 35

Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25 and Motilal Oswal Focused 25


Rohan Nath: I have invested Rs 100,000 in UTI Logistic and Transportation Fund in January 2018. Should I continue or exit this fund?

Name of the Fund Name of the Fund RankMF Star Rating
UTI Logistic and Transportation Fund Equity - Sectoral Fund - Auto 2

Omkeshwar Singh: Sector funds to be avoided and good funds in Multicap , Focused and Mid cap should be invested in.

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap, Motilal Oswal Multicap 35

Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25 and Motilal Oswal Focused 25


Pranab: Dear Sir, Greetings! I am 45 years; I have the following ongoing SIPs. Kindly advise me if I should continue or switch.

Name of the Fund Name of the Fund RankMF Star Rating
Mirae Asset Emerging Bluechip Fund Equity - Large & Mid Cap Fund 4
Mirae Asset Tax Saver Fund Equity - ELSS 4
Birla Sunlife Frontline Equity Fund Equity - Large Cap Fund 4
DSP Midcap Fund Equity - Mid Cap Fund 4
ICICI Prudential Value Discovery Fund Equity - Value Fund 2
HDFC Midcap Opportunities Fund. Equity - Mid Cap Fund 3

Omkeshwar Singh: You may continue with funds with 4 star ratings.

Top 2 Equity value funds are (4-Star rated)


Mrinal Rano: Dear Sir, I have following mutual funds: Please comment whether I shall sell or retain.

Name of the Fund Name of the Fund RankMF Star Rating
ABSL Equity fund growth Equity - Multi Cap Fund 4
HDFC Equity fund growth Equity - Multi Cap Fund 4
ICICI PruNifly Index Growth Index Funds - Nifty 4
ICICI Pru Infrastructure Growth Equity - Sectoral Fund - Infrastructure 2
SBI Focused Equity Fund Growth Equity - Focused Fund 4
UTI Master Share Equity - Large Cap Fund 5
UTI MNC Fund Equity - Thematic Fund - MNC 3
Magnum Taxgain Equity - ELSS 3
Sundaram Infrastructure Equity - Sectoral Fund - Infrastructure 2
ABSLMidcap Growth Equity - Mid Cap Fund 2

Omkeshwar Singh: You may continue with funds with 4 and 5 star rated, sector funds to be avoided and good funds in Multicap , Focused and Mid cap should be invested in.

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap, Motilal Oswal Multicap 35

Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25 and Motilal Oswal Focused 25

ELSS: Suitable options considering quality and value for money at present levels are Motilal Oswal Long Term Equity – Growth


Saurabh Mishra: I have with me these mutual fund schemes invested through SIPs: Kindly advice on these schemes and it's future performance.

Name of the Fund Name of the Fund RankMF Star Rating
BNP PARIBAS MIDCAP FUND GROWTH Equity - Mid Cap Fund 3
Axis long term equity fund - GROWTH Equity - ELSS 5
Kotak Tax Saver scheme GROWTH Equity - ELSS 4

Omkeshwar Singh: You may continue with funds with 4 and 5 star rated.

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

ELSS: Suitable options considering quality and value for money at present levels are Motilal Oswal Long Term Equity – Growth


Bhavin M Dharsandia: My mutual fund investments are as below: Please advice what can I do for long term benefit.

Name of the Fund

Name of the Fund RankMF Star Rating
AdityaBirla Sun Life Plan Growth Fund (scheme name not mentioned)  
L&T Midcap Growth Equity - Mid Cap Fund 3
MiraeAsset Emerging BluechipFund Growth Equity - Large & Mid Cap Fund 4
Mahindra UnnatiEmerging Business Growth Equity - Mid Cap Fund 4

Omkeshwar Singh: You may continue with funds with 4 star ratings.

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

Illustration: Dominic Xavier/Rediff.com


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.

Omkeshwar Singh