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.
Dilip B Gurnani: Dear Sir, I have a portfolio comprising the following MFs. Since the number of MFs is more it is difficult to handle this portfolio. I intend to keep it limited to only 4 or 5 MFs. Kindly advise the best MFs for a period of 4 to 5 years and monthly contribution Rs 30,000 as I will be retiring after 4 years. Portfolio: SIPs
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
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
- Motilal Oswal Focused 25
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Bhaskar Beley: Dear Sir, how is HDFC Balanced Advantage Fund monthly dividend plan? After 12 months whether we will get our principal amount invested back?
Omkeshwar Singh:
- HDFC Balanced Advantage Fund monthly dividend plan is a 3-star fund; ICICI Prudential Balance Advantage fund is 5-Star fund in the same category.
- Mutual funds investments are subject to market risks therefore second part of the question is dependent upon the same
Arvind: I have been investing in Franklin India Equity fund direct growth for last three years. Please suggest if I should continue investing in same or shift to some other scheme namely Kotak Multicap Fund Growth?
Omkeshwar Singh: Franklin India Equity fund is a multicap fund and is 3 star fund , the category best 5 star funds are UTI Equity fund and Axis Multicap funds.
Wilson Dsouza: I have invested in mutual funds to the tune of Rs 4 lakh in the last 3 years. All the funds I hold are SIPs amounting to Rs 10,000 each. These funds have not generated profits or met my expectations with their desired outcome. I don't claim to be in loss, but these funds have not performed or accelerated as promised by these fund managers. Could you please guide me in investing in the right funds? I'm not a professional or expert in investments, just a working class 56 years old layman. Looking to retire with savings for the rainy day. I hold online ICICI Direct account. My MF SIPs:
Omkeshwar Singh: Most of the top rated performing large cap and large & mid cap funds now at present market levels have very low value for money, therefore better options available are:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
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
- Motilal Oswal Focused 25
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Vikas: Would really appreciate if you can get the below query answered: I have a monthly SIP in the below funds for last five years. Wanted your advice if I should make any changes in my portfolio:
- Mirae Asset Emerging Bluechip Fund - Regular Plan Growth Option
- PRINCIPAL EMERGING BLUECHIP FUND - GROWTH PLAN
- ICICI PRUDENTIAL BLUECHIP FUND - GROWTH
- SBI BLUE CHIP FUND - REGULAR PLAN - GROWTH
- HDFC EQUITY FUND - REGULAR PLAN - GROWTH
- Franklin India Smaller Companies Fund GROWTH
Omkeshwar Singh: Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- 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
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Ather Masood: Dear Sir, Greetings! I have the following on going SIPS. Kindly advise me if I should continue or switch.
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
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
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Nandkumar Patil: Details of my mutual fund portfolio are as under. Kindly advise on above mutual fund schemes as well as on consolidating the portfolio with maximum of 7 funds.
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- 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
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
SUNILKUMAR TV: Dear Sir, I am holding below list of mutual funds through SIP of Rs 5000 per month for past 2 years. Please let me know if any changes in portfolio. I have a time horizon of 10 years and my age is 43 years.
Omkeshwar Singh: Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Below categories of funds can also to considered:
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
- Motilal Oswal Focused 25
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Srinivasa Seshadry: Dear Sir, I have been investing on the below funds thru SIPs. Of late NAVs have tumbled. Please suggest what should I do? I am 46 years and have been investing for about a year now. Please share your thoughts.
Omkeshwar Singh:
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Small cap:Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Value Fund:Suitable options considering quality and value for money at present levels is Tata Equity PE Fund
Vishnu Karthik: Have been investing (monthly Rs 3000) in the below funds from 2016 and is not performing well. Please advise alternate options. Can I pause the SIPs for few months? Can I switch to other plans with the same company?
Omkeshwar Singh:
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Value Fund: Suitable options considering quality and value for money at present levels is Tata Equity PE Fund
Multicap: Suitable options considering quality and value for money at present levels are:
- UTI Equity Fund
- Axis Multicap
- Motilal Oswal Multicap 35
SUNIL KUMAR SUREKA: FROM KOLKATA AGED ABOUT 45 YEARS. I AM INVESTING Rs 4000 PER MONTH IN 4 MUTUAL FUNDS, EACH Rs 1000. THE DETAILS OF MY SCHEMES IS GIVEN BELOW. KINDLY SUGGEST, WHETHER I SHALL CONTINUE WITH THESE FUND OR NOT? IF NO, THEN SUGGEST ME THE BEST MUTUAL FUND SCHEME:
Omkeshwar Singh:
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Value Fund:Suitable options considering quality and value for money at present levels is Tata Equity PE Fund
ELSS:Suitable options considering quality and value for money at present levels are:
- Axis Long Term Equity Fund - Growth
- Invesco India Tax Plan - Growth
Equity - Sectoral Fund - Banks & Financial Services is not advisable presently; instead below categories should be considered:
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
- Motilal Oswal Focused 25
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Manish Mahajan: I am 41 year old and have following SIP allocations. Can you please provide your opinion on the allocation? All are direct plan growth option.
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
ELSS: Suitable options considering quality and value for money at present levels are:
- Axis Long Term Equity Fund - Growth
- Invesco India Tax Plan - Growth
Focused: Suitable options considering quality and value for money at present levels are:
- Axis Focused 25
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Yogesh: I have a query regarding following two mutual funds in which I have invested through SIPs:
Shall I for buy, sell or hold the above investment and continue to invest through SIPs?
Omkeshwar Singh:
Small cap:Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Ashutosh: My age is 47 and remaining service is 13 years. I am also contributing to NPS both for myself and wife with Rs 50,000 annual contribution each. I have two children: one is doing 2nd year B.Arch & other one is in 9th Std. I am having investments in following mutual funds for last 3-4 years, which are not performing well. All SIPs of Rs 5000 pm. What should I do?
Omkeshwar Singh:
Value Fund: Suitable options considering quality and value for money at present levels is Tata Equity PE Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
ELSS: Suitable options considering quality and value for money at present levels are:
- Axis Long Term Equity Fund - Growth
- Invesco India Tax Plan - Growth
Focused: Suitable options considering quality and value for money at present levels are:
- Axis Focused 25
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Equity - Sectoral Fund Banks & Financial Services are not advisable presently; instead below categories should be considered:
Multicap: Suitable options considering quality and value for money at present levels are:
- UTI Equity Fund
- Axis Multicap
- Motilal Oswal Multicap 35
Awij A R Shaikh: Respected Sir, Very first thanks for your platform. From Sept 2018, I started investing in mutual fund and my portfolio is given below. I am single earning person in my family and I have 3 year old daughter. So, as per her education and further responsibilities point of view are these funds sufficient and should I continue with these or not? Also my planning is to invest Rs 5000/month more, so please suggest some funds.
Omkeshwar Singh: ELSS: Suitable options considering quality and value for money at present levels are:
- Axis Long Term Equity Fund - Growth
- Invesco India Tax Plan - Growth
Suggested categories and funds are as under:
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
- Motilal Oswal Focused 25
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Amit: Dear Sir, I have invested in L&T Mutual Fund Emerging Business Fund Growth since two year but is not performing. Shall I keep investing in this MF or withdraw the money? I am investing Rs 2500 per month SIP. Looking forward to hear from you.
Omkeshwar Singh: Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Suggested categories and funds are as under:
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
- Motilal Oswal Focused 25
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Pragnesh: I am investing in following mutual funds for the past 3 years: My queries:
- Shall I continue or decrease with same monthly investment?
- Shall I stop investment on the above and start investing in other mutual funds?
- What is the long term outlook on above investment?
My investments:
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Multicap: Suitable options considering quality and value for money at present levels are:
- UTI Equity Fund
- Axis Multicap
- Motilal Oswal Multicap 35
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Azad: Please advise about the prospect of thee mutual fund schemes. I have invested in them since 3-5 years; returns are not that great.
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Value Fund: Suitable options considering quality and value for money at present levels is Tata Equity PE Fund
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- Axis Midcap
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Srinivas: Sir, my present holdings statement is given below. Kindly analyse and suggest whether I can continue to invest in the said MFs or any adjustment is required. Time for which I plan to hold these are around 4-5 years from now for children’s education / buying house. I am 45 now and serving in PSU at mid-level management. Kindly suggest the better option out of investing in regular funds through direct plans.
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- 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
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Rajan D: Dear sir, I have invested in Franklin India Opportunity Fund Growth and HDFC Growth Opportunity Fund Growth for last ten years. Shall I continue or shift to other fund?
Omkeshwar Singh:
Equity - Thematic Fund - Other is not advisable presently; instead multicap of focused funds are better options:
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
- Motilal Oswal Focused 25
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
Dharamveer Singh: Kindly find the details of my holding in the following mutual funds, starting from 2016. As on date I am having the average return of around 4.17 per cent, which is very low compared to normal investment. How shall I go about it?
Omkeshwar Singh:
Large cap: Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund
Large and Midcap: Suitable options considering quality and value for money at present levels is Kotak Equity Opportunity
ELSS: Suitable options considering quality and value for money at present levels are:
- Axis Long Term Equity Fund Growth
- Invesco India Tax Plan - Growth
Mid cap: Suitable options considering quality and value for money at present levels are:
- DSP Midcap
- 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
- Motilal Oswal Focused 25
Small cap: Suitable options considering quality and value for money at present levels are:
- Kotak Small Cap
- Axis Small Cap
Equity - Thematic Fund - Other – Sundaram Rural & Con to be continued
Illustration: Dominic Xavier/Rediff.com
