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Mutual funds you must buy, hold or exit

By OMKESHWAR SINGH
September 04, 2020 08:17 IST
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'Currently aged 43 years, I am investing in Mutual Funds through SIPs for my retirement plan. Kindly advise and suggesT whether to continue or exit?'

Mutual Fund

Illustration: Uttam Ghosh/Rediff.com

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


Sanjay Acharya: I have invested Rs.200000/- each in following debt funds during June 2020. Please guide whether I should continue investing in these funds. Or you have suggestions to switch to any other funds.

1. HDFC Corporate Bond Fund- Regular - Growth
2. HDFC Short Term Debt Fund- Regular - Growth
3. ICICI Prudential Saving Fund- Growth
4. Kotak Dynamic Bond Fund- Regular-Growth
5. L&T Trple Ace Bond Fund -Regular -Growth

I am also doing SIP in Axis ESG Equity Fund- Growth for Rs. 10000/- pm.

Moreover I have invested one time Rs. 100000/- in Tata Quant Fund-Growth whose value reduced below 80000/- now.

Please give your valuable advice for the above all.

Omkeshwar Singh

Name of the Fund Category Recommendations
Sanjay Acharya    
1. HDFC Corporate Bond Fund- Regular - Growth Debt - Corporate Bond Fund SmartSwitch to ICICI Prudential Corporate Bond fund 
2. HDFC Short Term Debt Fund- Regular - Growth Debt - Short Duration Fund Continue
3. ICICI Prudential Saving Fund- Growth Debt - Low Duration Fund SmartSwitch to Kotak Low Duration Fund Growth
4. Kotak Dynamic Bond Fund- Regular-Growth Debt - Dynamic Bond Continue
5. L&T Trple Ace Bond Fund -Regular -Growth Debt - Corporate Bond Fund SmartSwitch to ICICI Prudential Corporate Bond fund 
Axis ESG Equity Fund- Growth  Equity - Thematic Fund - Other Continue
Tata Quant Fund-Growth  Equity - Thematic Fund - Other SmartSwitch to DSP Quant Fund - Growth

 C S Rakesh kankariya: Following are my (Rakesh) and my brother (Bhushan) mutual fund investments.

A) Ongoing sip in following scheme in my name and my brother name since August 2019 of rs 4000 per month.

Mine Sip

Axis midcap fund RP growth
Canrobeco emerging equity RP G
Franklin smaller companies fund RP G
L&T emerging business fund RP G
Tata multicap fund RP G

Brother’s sip

Axis small cap fund RP g
Invesco india multi cap fund RP g
Nippon india multi cap fund RP g
Pricipal emerging bluechip fund RP g
Tata midcap fund RP g

B) following sip of rs 2000 per month started in mid2016 but stopped in mid 2019. What should I do?

Mine

Franklin india prima fund RP g
Motilal Oswal multicap 35 fund RP g
Nippon india gold saving fund RP g
Nippon india multi cap fund RP g
Franklin india equity fund RP g
Hdfc hybrid equity fund RP g

Brother

DSP tax saver fund RP g
Franklin india tax shield growth RP g
Hdfc midcap opportunities fund RP g
Icici value discovey fund RP g
Nippo india focussed equity fund RP g

C) lumsum investment in following scheme

Mine

Canrobeco bule chip equity fund direct g
Motilal Oswal s&p 500 index fund d g nfo
Nippon india small cap fund RP g
UTI focussed equity fund series IV D G nfo closed ended
PGIM ultra short term fund d g
UTI value opportunities fund d g
Hdfc equity fund d g
Hdfc midcap opportunities fund d g
L& T large cap fund d g
L&T india TAX Advantage fund d g
Aditya Birla small cap fund d g
Sbi magnam multicap fund d g
Tata equity PE FUND d g

Brother

Axis bluechip fund d g
Nippon india small cap fund RP g
Hfdc infrastructure fund RP g
Hdfc tax saver fund
Hdfc top 100 fund d g
Hdfc small cap fund d g
Hdfc balanced advantage fund d g
Kotak tax saver fund d g
L& T value fund d g
L&T emerging business fund series I d g
Aditya Birla tax relief 96 fund d g
Aditya Birla pure value fund d g
Tata india tax saver fund d g

Please suggest me to continue in the above scheme, continue my ongoing sip or change my above scheme, sip.

Omkeshwar Singh:

Name of the Fund Category Recommendations
CS Rakesh Kankariya    
Axis midcap fund RP growth Equity - Mid Cap Fund Continue
Canrobeco emerging equity RP G Equity - Large & Mid Cap Fund Continue
Franklin smaller companies fund RP G Equity - Small cap Fund Continue
L&T emerging business fund RP G Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
Tata multicap fund RP G Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Axis small cap fund RP g Equity - Small cap Fund Continue
Invesco india multi cap fund RP g Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Nippon india multi cap fund RP g Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Pricipal emerging bluechip fund RP g Equity - Large & Mid Cap Fund Continue
Tata midcap fund RP g Equity - Mid Cap Fund Continue
Franklin india prima fund RP g Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
Motilal Oswal multicap 35 fund RP g Equity - Multi Cap Fund Continue
Nippon india gold saving fund RP g FoFs (Domestic / Overseas ) - Gold Continue
Nippon india multi cap fund RP g Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Franklin india equity fund RP g Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Hdfc hybrid equity fund RP g Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
DSP tax saver fund RP g Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
Franklin india tax shield growth RP g Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
Hdfc midcap opportunities fund RP g Equity - Mid Cap Fund Continue
Icici value discovey fund RP g Equity - Value Fund SmartSwitch to UTI Value Fund
Nippo india focussed equity fund RP g Equity - Focused Fund SmartSwitch to Axis Focused 25 G
Canrobeco bule chip equity fund direct g Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
Motilal Oswal s&p 500 index fund d g nfo Equity - Thematic Fund - Global Continue
Nippon india small cap fund RP g Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
UTI focussed equity fund series IV D G nfo closed ended Close Ended Fund Close Eded Fund
PGIM ultra short term fund d g  Debt - Ultra Short Duration Fund SmartSwitch to Aditya Birla Sun Life Savings Fund - Growth
UTI value opportunities fund d g Equity - Value Fund Continue
Hdfc equity fund d g Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Hdfc midcap opportunities fund d g Equity - Mid Cap Fund Continue
L& T large cap fund d g Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
L&T india TAX Advantage fund d g Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
Aditya Birla small cap fund d g Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
Sbi magnam multicap fund d g Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Tata equity PE FUND d g Equity - Value Fund Continue
Axis bluechip fund d g Equity - Large Cap Fund Continue
Nippon india small cap fund RP g Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
Hfdc infrastructure fund RP g Equity - Sectoral Fund - Infrastructure SmartSwitch to UTI Equity Fund - Growth
Hdfc tax saver fund Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
Hdfc top 100 fund d g Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
Hdfc small cap fund d g Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
Hdfc balanced advantage fund d g Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
Kotak tax saver fund d g Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
L& T value fund d g Equity - Value Fund SmartSwitch to UTI Value Fund
L&T emerging business fund series I d g Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
Aditya Birla tax relief 96 fund d g Equity - ELSS  Continue
Aditya Birla pure value fund d g Equity - Value Fund SmartSwitch to UTI Value Fund
Tata india tax saver fund d g Equity - ELSS  SmartSwitch to Axis Long Term Equity - Growth

Sukanta Kumar Mohanty: I am having following 6 regular SIPs in mutual funds

1. Aditya Birla Sunlife Tax Relief'96 Rs 2,000/-
2. HDFC Top 100 Fund Rs 3,000/-
3. Franklin India Prima Fund Rs 2,000/-
4. Franklin India Smaller Companies Fund Rs 3,000/-
5. Nippon India Small Cap Fund Rs 3,000/-
6. Nippon India Large Cap Fund Rs 2,000/-
7. In addition to above, I also hold some units in SBNPP SMILE Fund since 2012,

Please advise whether I should continue with the above mutual funds or exit.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Sukanta Kumar Mohanty    
1. Aditya Birla Sunlife Tax Relief'96       Equity - ELSS  Continue
2. HDFC Top 100 Fund                Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
3. Franklin India Prima Fund            Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
4. Franklin India Smaller Companies Fund Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
5. Nippon India Small Cap Fund          Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
6. Nippon India Large Cap Fund         Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth

Anil Bhatt: Request your kind advice about continuing/clubbing my investments or not with the following MF Schemes:

1. SBI Hybrid Equity

2. HDFC Equity

3. HDFC Liquid

4. ABSL Savings

5. Kotak Debt Hybrid

6. Kotak Asset Allocator

7. IDFC Low Duration

8. IDFC Bond F Sh TP

9. ICICI Ultra Sh Term

Omkeshwar Singh:

Name of the Fund Category Recommendations
Anil Bhatt    
1. SBI Hybrid Equity Hybrid - Aggressive Hybrid Fund Continue
2. HDFC Equity Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
3. HDFC Liquid Debt - Liquid Fund Continue
4. ABSL Savings Debt - Ultra Short Duration Fund Continue
5. Kotak Debt Hybrid Hybrid - Conservative Hybrid Fund SmartSwitch to ICICI Prudential Regular Savings fund (G)
6. Kotak Asset Allocator FoFs (Domestic) - Debt Oriented Continue
7. IDFC Low Duration Debt - Low Duration Fund SmartSwitch to Kotak Low Duration Fund Growth
8. IDFC Bond F Sh TP Debt - Short Duration Fund SmartSwitch to Aditya Birla Sun Life Short Term Fund - Growth
9. ICICI Ultra Sh Term F Debt - Ultra Short Duration Fund Continue

Gaurav Saksena: I am a 52 year professional, invested in the following funds 3 years back, but as of today my funds have not delivered at all I am sitting at an overall of no loss no gain.

The Funds are as follows:

1. ABSL Credit Risk Fund growth Regular
2. ABSL Dynamic Bond Fund growth Regular
3. ABSL Tax Relief 96
4. ABSL Equity Asdvantage Fund Growth Regular
5. ABSL Equity fund growth Regular
6. HDFC EquityFund Growth Regular
7. HDFC Balanced Advantage Fund Growth Regular
8. Mirrae Asset Emerging Blue Chip growth Regular
9. Mirrae Aseet Large cap regular Growth plan

Sir please let me know if i should exit from them completely and adopt a more conventional method of an FD to increase my money.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Gaurav Saksena    
1. ABSL Credit Risk Fund growth Regular Debt- Credit Risk SmartSwitch to HDFC Banking and PSU Fund
2. ABSL Dynamic Bond Fund growth Regular Debt - Dynamic Bond Continue
3. ABSL Tax Relief 96 Equity - ELSS  Continue
4. ABSL Equity Asdvantage Fund Growth Regular Equity - Large & Mid Cap Fund Continue
5. ABSL Equity fund growth Regular Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
6. HDFC EquityFund Growth Regular Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
7. HDFC Balanced Advantage Fund Growth Regular Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
8. Mirrae Asset Emerging Blue Chip growth Regular Equity - Large & Mid Cap Fund Continue
9. Mirrae Aseet Large cap regular Growth plan Equity - Large Cap Fund Continue

Sharath Babu: Currently aged 43 years investing in the below following Mutual Fund through SIP for my retirement plan. Kindly advise and suggestion whether to continue or exit.

1. Axis Bluechip Fund Direct Plan
2. Mirae Asset Tax Saver Fund Direct Plan
3. Aditya Birla Sun Life Low Duration Fund Direct Plan
4. DSP Government Securities Fund Direct Plan
5. Nippon India Liquid Fund Direct Plan

Looking forward to your reply for suggestions.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Sharath Babu    
1. Axis Bluechip Fund Direct Plan Equity - Large Cap Fund Continue
2. Mirae Asset Tax Saver Fund Direct Plan Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
3. Aditya Birla Sun Life Low Duration Fund Direct Plan Debt - Low Duration Fund SmartSwitch to Axis Long Term Equity - Growth
4. DSP Government Securities Fund Direct Plan Debt - Gilt Fund Continue
5. Nippon India Liquid Fund Direct Plan Debt - Liquid Fund Continue

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.

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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