'Insurance products should be used for protection and not investment.'
'A term insurance plan and investment via Mutual Funds are better for wealth creation compared to investment via insurance products.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries:
Noorulla Hussaini: I have invested in the following funds since 3 years and need your expert advice on the path forward.
SIP of 20,000 with mentioned percentage breakdown
Product name: Bajaj Allianz Life Goal Assure
Funds:
1. Pure Stock Fund (59.36%)
2. Pure Stock Fund II (30.73%)
3. Asset Allocation Fund II (9.91%)
I wish to exit from the mentioned fund but there is a lock-in period of 5 years and I don't have any other option but to continue.
The following funds are on offer to choose for anytime switching:
Equity growth fund 2, accelerator mid cap fund 2, bond fund, liquid fund, blue chip equity fund
Lump sum of 2L in SBI Blue Chip Fund - Regular Plan – Growth.
Please guide.
Omkeshwar Singh: Insurance products should be used for protection and not investment. A term insurance plan and investment via Mutual Funds are better for wealth creation compared to investment via insurance products.
Reshma Surve: I have invested in following mutual funds since last 3-4 years. I can wait for more than 6-7 years.
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| 1) Aditya Birla Sun Life Focused Equity Fund: Rs.3,000/- | Equity - Focused Fund | Switch to Axis Focused 25 |
| 2) DSP Mid Cap Fund: Rs.2,000/- | Equity - Mid Cap Fund | Continue |
| 3) DSP Natural Resources and New Energy Fund: Rs.3,000/- | Equity - Sectoral Fund - Energy & Power | Switch to Axis ESG Equity |
| 4) HDFC Mid-cap Opportunities Fund: Rs.2,000/- | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
| 5) L&T Infrastructure Fund: Rs.3,000/- | Equity - Sectoral Fund - Infrastructure | Switch to Axis ESG Equity |
| 6) Motilal Oswal Multicap 35 Fund: Rs.3,000/- | Equity - Multi Cap Fund | Switch to UTI Equity Fund |
| 7) Nippon India Growth Fund: Rs.2,000/- | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
Harish H: Need your advice and suggestions on the below mentioned funds and the amount each month. Should I continue or switch? If I have to switch what are the mutual funds you suggest?
Currently investing in the following for nearly 2 years now but unfortunately none of the funds seem to be performing or giving any return. In fact few funds are in Red now with negative returns.
Omkeshwar Singh:
| MFs | Category | Recommendations |
| 1. SBI Small cap fund (G). 5000. Monthly SIP | Equity - Small cap Fund | Continue |
| 2. Axis Small cap Fund (G). 5000. Monthly SIP | Equity - Small cap Fund | Continue |
| 3. Aditya birla SL Frontline Equity Fund (G). 4000. Monthly SIP | Equity - Large Cap Fund | Switch to Axis Bluechip |
| 4. Aditya Birl SL Tax Relief 96 (G). 5000. Monthly SIP | Equity - ELSS | Continue |
| 5. SBI Bluechip fund (G). 4000. Monthly SIP | Equity - Large Cap Fund | SWitch to Axis Bluechip |
| 6. ICICI PRU Multi asset fund . 4000. Monthly SIP | Hybrid - Multi Asset Allocation | Switch to SBI Multi Assets |
| 7. HDFC Mid cap opportunities fund (G). 5000. Monthly SIP | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
| 8. Sundaram Mid cap Fund (G). 4000. Monthly SIP | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
| 9. Invesco India Dynamic equity fund. 2000. Monthly SIP | Hybrid - Dynamic Asset Allocation | Switch Edelweiss Balanced Advantage |
| 10. Axis BLUE Chip fund. 5000. Monthly SIP | Equity - Large Cap Fund | Continue |
Ankit Chudawala: I am married 31. Please can you advise me on my below SIPs which I invest.
ICICI Equity and Debt Direct Growth - Rs. 2000
Motilal Oswal multicap 35 direct growth - Rs. 2000
IDFC Tax Advantage Direct Growth- Rs. 5000
L&T emerging businesses fund direct growth- Rs. 2000
I am also thinking to invest in Axis Blue-chip Fund direct growth.
Please let me know if I can stay invested in all above funds or do I need to switch to another. My investment horizon is for more than 5 years.
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| ICICI Equity and Debt Direct Growth - Rs. 2000 | Hybrid - Aggressive Hybrid Fund | Switch to Canara Robeco Equity Hybrid |
| Motilal Oswal multicap 35 direct growth - Rs. 2000 | Equity - Multi Cap Fund | Switch to Axis Long term Equity |
| IDFC Tax Advantage Direct Growth- Rs. 5000 | Equity - ELSS | Switch to UTI Equity Fund |
| L&T emerging businesses fund direct growth- Rs. 2000 | Equity - Small cap Fund | Switch to Axis Small Cap |
| Axis Blue-chip Fund direct growth | Equity - Large Cap Fund | Start Investing |
Ajit A: Hope you are doing well. My query is I have invested in Franklin Templeton India Opportunities Fund and Franklin Templeton Smaller Companies Fund for more than 3 years now. But, I haven't seen growth in NAV. Not sure if I should continue my investment there or pull out from there and invest elsewhere. If yes, which are the other funds you suggest for a long term investment. Thanks in advance.
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| Franklin Templeton India Opportunities Fund | Equity - Thematic Fund - Other | Switch to Axis ESG Equity |
| Franklin Templeton Smaller Companies Fund | Equity - Small cap Fund | Switch to Axis Small Cap |
Ather Masood: Greetings! I have the following on going SIPs. Kindly advise me if I should continue or switch.
1) Axis BluechipFund-Large Cap-Lumpsum 100000
2) Kodak Focused Equity Fund-Focused-Lumpsum 200000
3) Kodak Stanadard MultiCap Fund-MultiCap-Every Month 10000, investing past 15 months and planned to invest for next 5 years.
4) L&T Emerging Business Fund- SmallCap-Every month 2000, investing past 15 months and planned to invest for next 5 years.
5) SBI SmallCap Fund SmallFund-every month 2000, investing past 15 months and planned to invest for next 5 years.
Thanks a lot in advance for your valuable advice.
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| Axis Bluechip Fund-Large Cap | Equity - Large Cap Fund | Continue |
| Kotak Focused Equity Fund-Focused | Equity - Focused Fund | Switch to Axis Focused 25 |
| Kotak Stanadard MultiCap Fund-MultiCap | Equity - Multi Cap Fund | Switch to UTI Equity Fund |
| L&T Emerging Business Fund- SmallCap | Equity - Small cap Fund | Switch to Axis Small Cap |
| SBI SmallCap Fund | Equity - Small cap Fund | Continue |
Aman Tomar: I am investing in below mutual funds through SIPs from the last 2 years. Results are not as expected. Could you please advice on the best available options?
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| 1. Mirae Asset Emerging Bluechip Fund Direct- Growth: Rs 3500/month | Equity - Large & Mid Cap Fund | Continue |
| 2. Motilal Oswal Multicap 35 Fund Direct-Growth: Rs 3000/month | Equity - Multi Cap Fund | Switch to UTI Equity Fund |
| 3. L&T Midcap Fund Direct- Growth: Rs 1500/month | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
| 4. SBI Bluechip Direct Plan- Growth: Rs 2000/month | Equity - Large Cap Fund | Switch to Axis Bluechip |
| 5. Aditya Birla Sun Life India GenNext Direct Fund- Growth: Rs 2500/month | Equity - Thematic Fund - Other | Switch to Axis ESG Equity |
| 6. ICICI Prudential Equity & Debt Fund Direct-Growth: Rs 1500/month | Hybrid - Aggressive Hybrid Fund | Switch to Canara Robeco Equity Hybrid |
Kaustubh Deodhar: I have following SIPs. Pls guide whether to increase / continue / hold or exist of Rs. 1000 each.
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| 1. Quantum Long Term Equity - 7 years | Equity - Value Fund | Switch to UTI Value |
| 2. Frankiln India Prima Fund - 5 years | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
| 3. ICICI Blue chip - 5 years | Equity - Large Cap Fund | Switch to Axis Bluechip |
| 4. L&T Emerging Blue Chip - 5 years (Business) | Equity - Small cap Fund | Switch to Axis Small Cap |
| 5. HDFC hybrid Equity - 5 years | Hybrid - Aggressive Hybrid Fund | Switch to Canara Robeco Equity Hybrid |
Cedric Thomas: I have the following SIPs every month in Mutual Funds:
Omkeshwar Singh:
| Name of the Fund | Category | Recommendations |
| SBI Arbitrage Opportunities Fund- Regeular Plan- Growth | Hybrid - Arbitrage Fund | Continue |
| 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 | Switch to ICICI Prudential Balanced Advantage |
| ICICI Prudential Balanced Advantage Fund-Growth (Hybrid) | Hybrid - Balanced Advantage | Continue |
Aarav Thamake: I have SIPs in following Mutual Funds as per details below: Are they good to hold? I have been investing in them since long but don't see any profit till now.
| Name of the Fund | Category | Recommendations |
| SBI Magnum MidCap Fund - Regular Plan - Growth | Equity - Mid Cap Fund | Switch to DSP Mid Cap |
| UTI Transportation & Logistics Fund - Regular Growth Plan | Equity - Sectoral Fund - Auto | Switch to UTI Equity Fund |
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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