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These MFs can create wealth for you

September 14, 2020 09:05 IST

'I am investing in MFs for wealth generation.'
'Please advise on my portfolio for better returns.'

Why you should invest in multi-cap funds

Illustration: Dominic Xavier/Rediff.com

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


Ramani Thyagarajan: I read your post in rediff.com and your analysis on Mutual fund investment was very insightful. Hence would like to solicit your guidance on the same. I have invested in the following Mutual funds since Aug’ 2017 (3 years) post my retirement, and all these funds are not yielding the desired results. Under the current pandemic scenario should I shift these funds or should hold. I do not want to exit as notional loss may result in actual loss. Kindly advice. NAV value as of 03/08/2020

Omkeshwar Singh

Name of the Fund Category Recommendations
Ramani Thyagarajan    
ICICI Prudent Bal Fund Growth Hybrid - Balanced Advantage Continue
ICICI Prudent Equ & Deb Fund Monthly Dividend Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
Tata Equity PE fund Gwth Equity - Value Fund Continue
HDFC Balance Adv Fund-Monthly Dividend Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
HDFC Hybrid equity Gwth Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
ICICI Prudent Value Discovery Equity - Value Fund SmartSwitch to UTI Value Fund
Sundaram Mutual consumption fund Equity - Thematic Fund - Other  SmartSwitch to Axis ESG Fund

Rajan Dutta: I am investing in following MF for a quiet sometime. Please advice. 

Omkeshwar Singh:

Name of the Fund Category Recommendations
Rajan Dutta    
templeton India equity income fund , growth Equity - Dividend Yield Fund SmartSwitch to UTI dividend yield fund. G
franklin India opportunity fund G Equity - Thematic Fund - Other  SmartSwitch to Axis ESG Fund
SBI magnum comma G Equity - Sectoral Fund - FMCG  SmartSwitch to UTI Equity Fund - Growth
UTI dividend yield fund. G Equity - Dividend Yield Fund  Continue
HDFC growth opportunity fund G Equity - Large & Mid Cap Fund  Continue
ICICI prudential blue chip fund G Equity - Large Cap Fund  SmartSwitch to Axis Bluechip fund -Growth
Kotak Equity opportunity fund G Equity - Large & Mid Cap Fund  Continue
Nippon India value fund G Equity - Value Fund  Continue
Nippon India gold saving fund G Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Axis long term equity fund g Equity - ELSS  Continue
Franklin India smaller companies fund G Equity - Small cap Fund Continue
franklin India focused equity fund G Equity - Focused Fund SmartSwitch to Axis Focused 25 G
icici prudential long term equity fund G Equity - ELSS  SmartSwitch to Axis Long Term Equity - Growth
HDFC mid cap opportunities fund G Equity - Mid Cap Fund Continue

Sankaranarayanan H: I'm looking for advice on mutual fund. below are the fund detail and have monthly SIP of 1500. Please advise if I should continue or do some switch. Please also suggest if the portfolio is diverse enough.

Omkeshwar Singh

Name of the Fund Category Recommendations
Sankaranarayanan H    
SBI Blue Chip direct growth Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
Mirae Asset direct growth ? Fund Name Missing
Kotak Emerging Equity direct growth Equity - Mid Cap Fund  Continue
Motilal Oswal Mid Cap 35 Fund Equity - Multi Cap Fund Continue
Motilal Oswal NASDAQ 100 Fund Scheme FoFs (Overseas) Continue

Amar Jeet Singh: I am 44 year old with 2 kids (15 yrs and 7 years). I am investing in MFs for wealth generation. Please advise on my below existing portfolio for better returns (investment period 5-8 yrs). 

Omkeshwar Singh:

Name of the Fund Category Recommendations
Amar Jeet Singh    
Axis Focused 25 Fund - Gr Equity - Focused Fund continue
BNP Paribas Midcap Fund - Gr Equity - Mid Cap Fund  Continue
Canara Robeco Equity Diversified Fund - Gr Equity - Multi Cap Fund  Continue
DSP Small Cap Fund - Gr Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
Franklin India Equity Fund - Gr Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Franklin India Smaller Companies Fund - Gr Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
HDFC Balanced Advantage Fund Gr Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
HDFC Hybrid Equity Fund - Gr Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
HDFC Mid Cap Opportunities Fund - Gr Equity - Mid Cap Fund Continue
HDFC Small Cap Fund - Gr Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
HDFC Top 100 Fund - Div Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
HDFC Top 100 Fund - Gr Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
ICICI Prudential Equity & Debt Fund - Regular Gr Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
ICICI Prudential Value Discovery Fund Gr Equity - Value Fund SmartSwitch to UTI Value Fund
IDFC Multi Cap Fund - Regular Plan - Gr Equity - Multi Cap Fund  SmartSwitch to UTI Equity Fund - Growth
Invesco India Contra Fund - Gr Equity - Contra Fund  Continue
Kotak Emerging Equity Fund - Gr Equity - Mid Cap Fund  Continue
Kotak Smallcap Fund - Gr Equity - Small cap Fund continue
Kotak Standard Multicap Fund - Gr Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
L&T Midcap Fund - Gr Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
Mirae Asset Emerging Bluechip Fund - Gr Equity - Large & Mid Cap Fund Continue
Nippon India Equity Hybrid Fund - Gr Hybrid - Aggressive Hybrid Fund Continue
Nippon India Growth Fund - Div Equity - Mid Cap Fund  SmartSwitch to DSP Mid Cap
Nippon India Growth Fund - Gr Equity - Mid Cap Fund  SmartSwitch to DSP Mid Cap
Nippon India Multi Cap Fund - Gr Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
SBI Blue Chip Fund - Gr Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
Sundaram Mid Cap Fund - Gr Equity - Mid Cap Fund  SmartSwitch to DSP Mid Cap

Partho: I'm now 55+, taken VRS. I have invested one time investment in two MF, details stated below:

May 2019 - SBI Dynamic Asset Allocation Fund- Regular Plan - Growth (Rs.350000/-) (Quarterly redemption Rs.7450/-)
Aug 2019 - SBI Equity Hybrid Fund Regular Growth (Rs.425000/-) (Quarterly redemption Rs.8500/-)

Redemption is require to meet part of monthly expenses.

I would like to know whether to hold 7/8 years or till value recover or switch them now?

Can you please review my funds and suggest the course of action?

Omkeshwar Singh:

Name of the Fund Category Recommendations
Partho    
SBI Dynamic Asset Allocation Fund- Regular Plan - Growth  Hybrid - Dynamic Asset Allocation SmartSwitch to Edelweiss Balanced Advantage Fund - Growth
SBI Equity Hybrid Fund Regular Growth  Hybrid - Aggressive Hybrid Fund Continue

Sivakumar: I have invested in the below funds via SIP. Need guidance if I can continue or should I switch

Lumpsum
SBI Magnum Global Fund (D)
HDFC Midcap Opportunities - Regular plan (G)
SBI Gold fund - Regular plan
SBI Focussed Equity Fund - Regular plan (G)
Franklin India Equity Fund (G)
SIP
ICICI Prudential Bluechip Fund (G)
HDFC Capital Builder Value fund - Regular plan (G)
Principal Multi cap Growth fund - Regular plan
HDFC Capital Builder value fund (G)
HDFC Midcap opportunities - Regular plan (G)
SBI Magnum Gilt Fund regular growth
L&T Midcap fund cumulative
ICICI Prudential Regular Savings fund (G)
MIRAE Asset Emerging Blue chip fund – Regular plan (G)
Axis Bluechip Fund – Regular plan (G)

Omkeshwar Singh

Name of the Fund Category Recommendations
Sivakumar    
SBI Magnum Global Fund (D) Equity - Thematic Fund - MNC  Continue
HDFC Midcap Opportunities - Regular plan (G) Equity - Mid Cap Fund Continue
SBI Gold fund - Regular plan FoFs (Domestic / Overseas ) - Gold Continue
SBI Focussed Equity Fund - Regular plan (G) Equity - Focused Fund Continue
Franklin India Equity Fund (G) Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
ICICI Prudential Bluechip Fund (G) Equity - Large Cap Fund  SmartSwitch to Axis Bluechip fund -Growth
HDFC Capital Builder Value fund - Regular plan (G) Equity - Value Fund  SmartSwitch to UTI Value Fund
Principal Multi cap Growth fund - Regular plan Equity - Multi Cap Fund  SmartSwitch to UTI Equity Fund - Growth
HDFC Capital Builder value fund (G) Equity - Value Fund  SmartSwitch to UTI Value Fund
HDFC Midcap opportunities - Regular plan (G) Equity - Mid Cap Fund Continue
SBI Magnum Gilt Fund regular growth Debt - Gilt Fund Continue
L&T Midcap fund cumulative Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
ICICI Prudential Regular Savings fund (G) Hybrid - Conservative Hybrid Fund Continue
MIRAE Asset Emerging Blue chip fund – Regular plan (G) Equity - Large & Mid Cap Fund Continue
Axis Bluechip Fund – Regular plan (G) Equity - Large Cap Fund Continue

Suresh D K: Currently I am holding

Axis Long Term Equity Fund ELSS 95,000 3 year lock in period
Axis Dynamic balanced fund 50,000

Also planning to invest close to 3.80 Lakhs a lump sum investment
Following are the break up and investment period

92,000/- 6 months
100000/- 2 years
188,000/- 3-5 years
Please suggest best return investment according to the investment period.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Suresh D K    
Axis Long Term Equity Fund ELSS   95,000 3 year lock in period Equity - ELSS  Continue
Axis Dynamic balanced fund         Hybrid - Dynamic Asset Allocation Continue

Anonymous: Currently my Mutual Fund Portfolio is managed through SBI Wealth. For public notice would like to remain Anonymous. Your advice please.

Omkeshwar Singh

Name of the Fund Category Recommendations
Anonymous    
SBI Arbitrage Opportunities Fund- Regeular Plan- Growth Hybrid - Arbitrage Fund SmartSwitch to Boi Axa Arbitrage Fund - Growth
DSP Savings Fund -Regular Plan -Growth Debt - Money Market Fund Continue
Mirae Asset Emerging Bluechip Fund-Regular Plan Growth Equity - Large & Mid Cap Fund Continue
Axis Bluechip Fund- Regular Growth Equity - Large Cap Fund Continue
Aditya Birla Sun Life Savings Fund- Growth -Regular Plan (Debt) Debt - Ultra Short Duration Fund Continue
HDFC Balanced Advantage Fund- Regular Plan -Growth (Hybrid) Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund-Growth (Hybrid)  Hybrid - Balanced Advantage Continue
STP    
Aditya Birla Sun Life Savings Fund- Growth -Regular Plan (Debt) Debt - Ultra Short Duration Fund Continue
Aditya Birla Sun Life Equity Fund -Growth- Regular Plan  Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Aditya Birla Sun Life Tax Relief 96 Fund- Growth Regular Plan Equity - ELSS  Continue
Aditya Birla Sun Life Midcap Fund-PLAN-Growth-Regular Plan (Equity)  Equity - Mid Cap Fund  Continue
Aditya Birla Sun Life Advantage Fund-Growth -Regular Plan (Equity) Equity - Large & Mid Cap Fund  SmartSwitch to Axis Growth Opportunities Fund 
Aditya Birla Sun Life Savings Fund- Growth -Regular Plan (Debt) Debt - Ultra Short Duration Fund Continue
Aditya Birla Sun Life Equity Fund -Growth- Regular Plan  Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
Aditya Birla Sun Life Savings Fund- Growth -Regular Plan (Debt) Debt - Ultra Short Duration Fund Continue
Axis Long Term Equity Fund - Regular Growth Equity - ELSS  Continue
Axis Bluechip Fund- Regular Growth Equity - Large Cap Fund Continue
DSP Savings Fund -Regular Plan -Growth Debt - Money Market Fund Continue
Franklin India PRIMA FUND -GROWTH Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
FRANKLIN India Ultra Short Bond Fund-Super Institutional Plan Growth (Debt) Debt - Liquid Fund Freezed 
HDFC Balanced Advantage Fund- Regular Plan -Growth (Hybrid) Hybrid - Balanced Advantage SmartSwitch to ICICI Prudential Balanced Advantage Fund
(Franklin India Liquid Fund - Super Institutional Plan-growth)
HDFC Capital Builder Value Fund-Regular Plan -Growth (Equity)  Equity - Value Fund  SmartSwitch to UTI Value Fund
ICICI Prudential Long term Equity Fund (Tax Saving) -Growth Equity - ELSS  SmartSwitch to Axis Long Term Equity - Growth
ICICI Prudential Balanced Advantage Fund-Growth (Hybrid)  Hybrid - Balanced Advantage Continue
ICICI Prudential Discovery Fund-Regular Fund-Growth (Equity)  Equity - Value Fund  SmartSwitch to UTI Value Fund
Mirae Asset Emerging Bluechip Fund-Regular Plan Growth Equity - Large & Mid Cap Fund Continue
Nippon India Vision Fund Growth Plan Growth Option (Equity)  Equity - Large & Mid Cap Fund  Continue
SBI Arbitrage Opportunities Fund- Regeular Plan- Growth Hybrid - Arbitrage Fund SmartSwitch to Boi Axa Arbitrage Fund - Growth
Sundram Mid Cap Fund Regular Growth Equity - Mid Cap Fund  SmartSwitch to DSP Mid Cap
Sundaram Select Focus Fund Regular Growth (Equity)  Equity - Focused Fund SmartSwitch to Axis Focused 25 G

SD Raj: I have a SIP in the Nippon India Mutual Fund (Previously Reliance India Mutual Fund), (NIPPON INDIA MULTI CAP FUND - DIVIDEND PLAN - REINVESTMENT)and have been investing in the same for the las 5 yrs., monthly Rs. 3,000/-.

Presently the same in my opinion, is really not that worthwhile.

Request your help in updating as to whether i can stop the same and start a new SIP in which better MF.

Omkeshwar Singh:

Name of the Fund Category Recommendations
SD Raj    
NIPPON INDIA MULTI CAP FUND - DIVIDEND PLAN - REINVESTMENT Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth

Suresh Kumar: I HAVE INVESTED FOLLOWING SUM IN THE MUTUAL FUNDS BUT ALMOST EVERYONE IS IN LOSS AS ON TODAY 04 AUG 20:

Omkeshwar Singh

Name of the Fund Category Recommendations
Suresh Kumar    
FRANKLIN INDIA PRIMA FUND (G)     Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
FRANKLIN INDIA SMALLER COS FUND   Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth
ICICI PRU EQUITY AND DEBT FUND  Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
L&T EMERGING BUSINESSES FUND Equity - Small cap Fund SmartSwitch to Axis Small Cap Growth

Venkatasubramanyan Narayanaswamy: Following statement shows our family MF holdings. Pl advise which SIP to be discontinued, and which MF to be switched to which MF.

Omkeshwar Singh

Name of the Fund Category Recommendations
Venkatasubramanyan Narayanaswamy    
HDFC TOP 100 - G Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
HDFC MIDCAP OPP - G Equity - Mid Cap Fund Continue
ICICI PRUDENTIAL BLUECHIP FUND - G Equity - Large Cap Fund  SmartSwitch to Axis Bluechip fund -Growth
NIPPON INDIA LARGE CAP FUND - G Equity - Large Cap Fund SmartSwitch to Axis Bluechip fund -Growth
ICICI PRU EQUITY & DEBT FUND - G Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
FRANKLIN INDIA FOCUSED EQUITY FUND Equity - Focused Fund SmartSwitch to Axis Focused 25 G
FRANKLIN INDIA PRIMA FUND Equity - Mid Cap Fund SmartSwitch to DSP Mid Cap
ICICI PRU VALUE DISCOVERY FUND Equity - Value Fund SmartSwitch to UTI Value Fund
ICICI PRUDENTIAL LARGE & MID CAP FUND-G Equity - Large & Mid Cap Fund  SmartSwitch to Axis Growth Opportunities Fund 
HDFC HYBRID EQUITY FUND – G Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
DSP EQUITY OPPORTUNITIES FUND -G Equity - Large & Mid Cap Fund SmartSwitch to Axis Growth Opportunities Fund 
MOTILAL OSWAL MULTICAP 35 FUND -G Equity - Multi Cap Fund Continue
HDFC HYBRID EQUITY FUND – G Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
AXIS BLUECHIP FUND -G Equity - Large Cap Fund Continue
MIRAE ASSET LARGE CAP FUND -G Equity - Large Cap Fund Continue
AXIS MID CAP FUND -G Equity - Mid Cap Fund Continue
MIRAE ASSET EMERGING BLUECHIP FUND -G Equity - Large & Mid Cap Fund Continue
AXIS MULTICAP FUND -G Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth

Ashish Rai: I am investing in below mutual funds via SIP. I prefer to be on aggressive to moderate aggressive side. 

1. SBI Equity Hybrid Fund (Since Sep'2019)
2. HDFC Hybrid Equity Fund (Since Sep'2019)
3. ICICI Prudential Equity & Debt Fund (Since Sep'2019)
4. Nippon India Ultra Short Duration Fund (Since Feb'2019)
5. Axis Long Term Equity Fund - Direct Growth (Since Apr'2016)
6. HDFC Equity Fund - Growth (Since Nov'17)
7. SBI Focused Equity Fund - Regular Plan - Growth (Since Dec'2017)

One Time investment in below Fund-
1. DSP Tax Saver Fund (Since Feb'2018)
2. Motilal Oswal Long Term Equity Fund (Since June'2018)
3. Invesco India Financial Services Fund - Direct Plan(Since Jan'20)
4. Nippon India Arbitrage Fund - Direct (Since Jan'20)
5. HDFC Short Term Debt Fund - Direct Plan (Since Jan'20)
6. Franklin India Ultra Short Bond Fund - Super Institutional Plan (Since Jan'20)
7. L&T Focused Equity Fund - Direct Plan (Since Jan'20)
8. ICICI Prudential Bluechip Fund - Direct Plan (Since Jan'20)
9. SBI Dual Advantage Fund Series XXV- Regular Plan - Growth (Since Oct'17)
10. SBI Equity Hybrid Fund - Regular Paln- Growth (Since Oc'17)
11. SBI Banking & Financial Services - Regular - Growth (Since Oct'17)
12. HDFC Mid Cap Opportunities Fund - Growth (Since June'19)
Kindly suggest if these are good to go ahead or do i need to switch any of the above funds.

Omkeshwar Singh:

Name of the Fund Category Recommendations
Ashish Rai    
1. SBI Equity Hybrid Fund (Since Sep'2019) Hybrid - Aggressive Hybrid Fund Continue
2. HDFC Hybrid Equity Fund (Since Sep'2019) Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
3.ICICI Prudential Equity & Debt Fund (Since Sep'2019) Hybrid - Aggressive Hybrid Fund SmartSwitch to Canara Robeco Equity Hybrid Fund 
4. Nippon India Ultra Short Duration Fund (Since Feb'2019) Debt - Ultra Short Duration Fund Continue
5. Axis Long Term Equity Fund - Direct Growth (Since Apr'2016) Equity - ELSS  Continue
6. HDFC Equity Fund - Growth (Since Nov'17) Equity - Multi Cap Fund SmartSwitch to UTI Equity Fund - Growth
7. SBI Focused Equity Fund - Regular Plan - Growth (Since Dec'2017) Equity - Focused Fund Continue
1.DSP Tax Saver Fund (Since Feb'2018) Equity - ELSS Continue
2.Motilal Oswal Long Term Equity Fund (Since June'2018) Equity - ELSS SmartSwitch to Axis Long Term Equity - Growth
3.Invesco India Financial Services Fund - Direct Plan(Since Jan'20) Equity - Sectoral Fund - Banks & Financial Services SmartSwitch to UTI Equity Fund - Growth
4.Nippon India Arbitrage Fund - Direct (Since Jan'20) Hybrid - Arbitrage Fund SmartSwitch to Boi Axa Arbitrage Fund - Growth
5.HDFC Short Term Debt Fund - Direct Plan (Since Jan'20) Debt - Short Duration Fund Continue
6.Franklin India Ultra Short Bond Fund - Super Institutional Plan (Since Jan'20) Debt - Liquid Fund Freezed 
7.L&T Focused Equity Fund - Direct Plan (Since Jan'20) Equity - Focused Fund SmartSwitch to Axis Focused 25 G
(Franklin India Liquid Fund - Super Institutional Plan-growth)
8.ICICI Prudential Bluechip Fund - Direct Plan (Since Jan'20) Equity - Large Cap Fund  SmartSwitch to Axis Bluechip fund -Growth
9.SBI Dual Advantage Fund Series XXV- Regular Plan - Growth (Since Oct'17) Close Ended Fund Close Eded Fund
10.SBI Equity Hybrid Fund - Regular Paln- Growth (Since Oc'17) Hybrid - Aggressive Hybrid Fund Continue
11.SBI Banking & Financial Services - Regular - Growth (Since Oct'17) Equity - Sectoral Fund - Banks & Financial Services SmartSwitch to UTI Equity Fund - Growth
12.HDFC Mid Cap Opportunities Fund - Growth (Since June'19) Equity - Mid Cap 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.

OMKESHWAR SINGH