Mutual funds you must buy, hold or exit

‘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?’

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

 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:

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:

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:

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:

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:

If you want Mr Singh’s advice on your mutual fund investments, please mail your questions to [email protected] 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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