GET AHEAD

Buy, hold or sell: Your mutual fund queries answered!

By Omkeshwar Singh
October 18, 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.


Anita Saxena: The money I had invested in mutual funds has reduced substantially. Should I make further investment in mutual funds? If yes what mutual funds would you suggest with three year horizon?

Omkeshwar Singh: Request if you could share your present portfolio of schemes for further direction on existing investments. Yes, you can further invest in mutual funds, and the suggested funds, all 5-star rated funds, for 3-year duration are as under:


Rajat Yadu: I invested nearly Rs 3 lakh in mutual funds like Canara Robeco, LT, HDFC, Motilal Oswal, about 18 months back. After a month’s investment, got Rs 14,000 plus in total. But since then it is always in minus. Present rise of market due to FM relaxing taxes gave some rise but still there is a deficit of some Rs 22,000 in total.

What should I do? Should I redeem or hold?

Omkeshwar Singh: Requesting Kindly share the name of the schemes


Ravi Shastri: I am investing through SIP in HDFC Top 100 Debt Mutual Funds for the past seven years. Of late it's not performing well. Should I exit or hold on? Please advise.

Omkeshwar Singh: HDFC Top 100 is 4-star rated fund; however, a few suggested 5-star rated funds are as under:


Navin Kumar: I have following SIPs of different value. Could you please give your expert opinion in the view of current scenario?

Omkeshwar Singh:

Current Investment

 

Category

Star

Rating

Suggested Funds

Star

Rating

Name of the Fund

Name of the Fund

ICICI Prudential Bluechip Fund- Growth

Equity - Large Cap Fund

3

Axis Bluechip Fund - Growth

5

Reliance Small Cap Fund - Growth (Nippon)

Equity - Small cap Fund

2

Kotak Small Cap Fund -Growth

3

SBI Small Cap Fund - Regular Growth

Equity - Small Cap Fund

3

Axis Small Cap Fund - Growth

4

Sundaram Mid Cap Fund - Regular Growth

Equity - Mid Cap Fund

3

DSP Midcap Fund - Growth

5

Sundaram Select Focus Regular Plan- Growth

Equity - Focused Fund

4

Axis Focused 25 Fund Growth

5

HDFC  Mid-Cap Opportunities Fund -Growth

Equity - Mid Cap Fund

3

Motilal Oswal Midcap 30 Fund - Growth

4


Sugumaran Jayaraman: I have recently started investing in mutual funds through SIPs. I have two queries

1. My age is 40 and I am a single earning member. Is my portfolio right?
2. Is it better to invest directly or through third parties? I have invested through ICICIDirect and Geojit. ABSL and HDFC have done directly.

Request your suggestion. Thank you in advance. My investment details are as below:

1. ABSL Frontline Equity Fund - Direct plan - Growth – Rs 5000/month
2. HDFC Hybrid Equity Fund - Direct plan - Growth – Rs 5000/month
3. SBI Blue Chip fund - Regular - Growth – Rs 7000/month
4. ICICI Prudential Blue Chip Fund - Growth – Rs 7000/month

5. Franklin India Focused Equity Fund – Rs 2000/month
6. DSP Focus Fund - Regular - Growth – Rs 2000/month
7. L&T Infrastructure - Growth – Rs 2000/month

Omkeshwar Singh:

Current Investment

Category

 

Recommended

Star Rating

Name of the Fund

Rating

Name of the Fund

ABSL Frontline Equity Fund - Direct plan - Growth – Rs 5000/month

Equity - Large Cap Fund

4

Axis Bluechip - Growth

5

HDFC Hybrid Equity Fund - Direct plan - Growth – Rs 5000/month

Hybrid - Aggressive Hybrid Fund

4

DSP Equity and Bond Fund- Growth Plan

5

SBI Blue Chip fund - Regular - Growth – Rs 7000/month

Equity - Large Cap Fund

3

Kotak Bluechip Fund - Growth

4

ICICI Prudential Blue Chip Fund - Growth – Rs 7000/month

Equity - Large Cap Fund

3

Mirae Asset Large Cap Fund  - Growth

4

Franklin India Focused Equity Fund

Equity - Focused Fund

2

Axis Focused 25 Fund Growth

5

DSP Focus Fund - Regular - Growth

Equity - Focused Fund

4

Continue

 

L&T Infrastructure - Growth

Equity - Sectoral Fund - Infrastructure

2

Kotak Infrastructure & Economic Reform Fund Standard Growth

3


Ramanamurthy: I am having 12,821.3132 units of ICICI Pension Flexi Growth and 19092.5076 units of Pension Multiplier Fund. Please advise me what to do?

Omkeshwar Singh: A term insurance plan and investment via mutual funds are better for wealth creation compared to investment via insurance product. Therefore, if the corpus is required after 10 years and above the recommended schemes -- all 5-star rated funds -- are as under:


Kailas Menon: I invest in SIPs of varying amount between Rs 1,000 and Rs 4,000 in the following funds: Is this balance right?

1. HDFC Equity Fund
2. HDFC Top 100 Fund
3. SBI Equity Hybrid Fund - near expiry

4. Kotak Bluechip Fund - near expiry
5. Tata Ethical Fund - near expiry
6. Mirae Asset Emerging Bluechip Fund
7. Axis Midcap Fund
8. ICICI Prudential Long Term Bond

Omkeshwar Singh:

Current Investment

 

Category

Star

Rating

Recommended

Star

Rating

Name of the Fund

Name of the Fund

HDFC Equity Fund

Equity - Multi Cap Fund

4

Uti Equity Fund-growth Plan-growth

5

HDFC Top 100 Fund

Equity - Large Cap Fund

4

Axis Bluechip Fund - Growth

5

SBI Equity Hybrid Fund - near expiry

Hybrid - Aggressive Hybrid Fund

5

Continue

 

Kotak Bluechip Fund - near expiry

Equity - Large Cap Fund

4

Continue

 

Tata Ethical Fund - near expiry

Equity - Thematic Fund - Other

4

Continue

 

Mirae Asset Emerging Bluechip Fund

Equity - Large & Mid Cap Fund

4

Tata Large & Mid Cap Fund Regular Plan - Growth

5

Axis Midcap Fund

Equity - Mid Cap Fund

4

Dsp Midcap Fund - Regular Plan - Growth

5

ICICI Prudential Long Term Bond

Debt - Long Duration Fund

5

Continue

 


Samit Chakraborty: I have the following ongoing SIPs. Please let me know if I should continue with them or switch? 

  1. Franklin Templeton Focused Equity – Direct Growth – Rs 18,000
  2. Axis Long Term Equity – Direct Growth – Rs 18,000
  3. Axis BlueChip – Direct Growth – Rs 18,000
  4. Mirae Emerging BlueChip – Direct Growth – Rs 18,000
  5. Mirae Large Cap – Direct Growth – Rs 18,000
  6. HDFC Index Fund Nifty 50 – Direct Growth – Rs 18,000

I earlier had HDFC Mid Cap Opportunities but switched to HDFC Index Fund as it wasn’t doing that well. I also had Franklin Templeton Equity Fund but switched to Franklin Templeton Focused Equity as above as fund wasn’t doing well and ICICIDirect had recommended Sell.

Omkeshwar Singh:

Current Investment

 

Category

 

Star     Rating

Recommended

Star

Rating

Name of the Fund

Name of the Fund

Franklin Templeton Focused Equity – Direct Growth – Rs 18,000

Equity - Focused Fund

2

Axis Focused 25 Fund Growth

5

Axis Long Term Equity – Direct Growth – Rs 18,000

Equity - ELSS

5

Continue

 

Axis BlueChip – Direct Growth – Rs 18,000

Equity - Large Cap Fund

5

Continue

 

Mirae Emerging BlueChip – Direct Growth – Rs 18,000

Equity - Large & Mid Cap Fund

4

Tata Large & Mid Cap Fund Regular Plan - Growth

5

Mirae Large Cap – Direct Growth – Rs 18,000

Equity - Large Cap Fund

4

Axis Bluechip Growth

5

HDFC Index Fund Nifty 50 – Direct Growth – Rs 18,000

Index

 

UTI Nifty Index Fund

5


Vishal Sharda: I am having investments in following mutual funds, which are not performing well. What should I do?

Omkeshwar Singh:

Current Investment

 

Category

Star

Rating

Recommended

Star

Rating

Name of the Fund

Name of the Fund

Reliance Small Cap Fund - Growth Plan Growth Option -- Rs 2,000

Equity - Small cap Fund

2

Axis Small Cap Fund - Regular Plan Growth

4

HDFC Mid-Cap Opportunities Fund - Regular Plan - Growth - Rs 2,000

Equity - Mid Cap Fund

3

Dsp Midcap Fund - Regular Plan - Growth

5


Illustration: Dominic Xavier/Rediff.com

Omkeshwar Singh

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