Short Review of few Mutual Funds

May 31, 2009 · 98 comments

I did a short and crisp review of some mutual funds for a friend . thought of sharing this here.

Franklin India Prima Fund – Dividend

151/208 138/157 61/75 are the ranks for 1 ,3 and 5 year . Not a great one to cheer about .
Risk Grade: Above Average
Return: Grade Average

Tata Infrastructure Fund-G

Not a very old fund but its a good one. Infrastructure space can be a big hit considering 4-5 yrs time frame and with the blessings of UPA. Better diversify money in this space along with other infrastructure Mutual Funds.

With 25% CAGR returns since launch , its looks good.
Franklin India Flexi Cap Fund – Dividend

Numbers look good but there are better funds available.

Birlasunlife Frontline Equity Fund-Growth

Extremely good fund to have in portfolio. It has shown strong performance in all the time frame of 1 ,3 ,5 yrs and 30% CAGR return since launch. Better to stop Franklin India Flexi Cap Fund and redirect the money to this one.

HDFC Equity Fund – Growth

Again a good fund to have in portfolio.

What would I do If I were at your place.

- Stop Franklin India Prima Fund
- Stop Franklin India Flexi Cap Fund – Dividend (5k)
- DSPBR Equity or DSP Black Rock top 100 or HDFC Top 200
- Increase your Exposure in Birla Sunlife Frontline Equity Fund
- Share your 10k in UTI Infrastructure and Tata Infrastructure

Do you know difference between Divident and Growth options in mutual funds ?

List of 5 star mutual funds from Valueresearchonline .

General Recommendation

If the investment is for long term wealth creation dont go for Divident option
Monitor and review your mutual fund once every 6 months
Not sure if you are allocating money in mutual funds after understanding your Risk-appetite or not . Check that out, No Debt side ?
Do not have more than 5-6 mutual funds
Look at other sectoral mutual funds on banking and financial sector with long term view

look at a video explaining how to choose a mutual fund

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Disclaimer : Information taken from valueresearchonline.com and analysis and views are personal

{ 98 comments… read them below or add one }

1 Anu June 4, 2009 at 8:01 am

Hi Manish… Hoping for your reviews on the new Reliance Infrastructure Fund.

2 Manish Chauhan June 4, 2009 at 9:23 am

@Anu

see next post in 1-2 days on that

manish

3 karthik June 8, 2009 at 11:03 am

Hi Manish,

I have the following funds in my portfolio
1.HDFC equity
2.HSBC Equity
3.Sundaram Midcap
4.DSP tiger
5.Reliance Vision
I have been doing SIP on these for the past 2-3 years but looks like Reliance Vision has not been upto mark for last 2 years ..should I change any of these funds ..Whats ur opinion?

4 Sunil February 15, 2011 at 11:27 am: Your portfolio is looking good and i would like to suggest you for to add two more fund out of ICICI Pru. Discovery Fund, Reliance Gold Saving Fund,Reliance Monthly Income Fund and Reliance Regular Saving Fund, HDFC TOP 200
Reply

5 Manish Chauhan June 8, 2009 at 10:31 pm

@Karthik

Your Mutual portfolio consists of funds which have very high concentration in Midcap and small cap companies . especially Sundaram Midcap and DSP TIGER .

Reliance vision is overall a good fund , but you can change it as there are better funds in same category .

Some of your funds have given 70-100% returns in last 3 months , though its something worth getting excited , also understand that these same funds will hurt very badly when bad time comes .

Manish

6 karthik June 8, 2009 at 10:57 pm

Thanks Manish…My understanding is that HDFC Equity,HSBC Equity and Reliance Vision are all Diversified. Sundaram and DSP are Mid cap concentrated . Please correct me if Iam wrong..
Also Iam thinking about switching one of Diversified funds(HDFC/HSBC/Reliance) to Birla Frontline equity.. Whats ur Optinion..Which one should I switch?

7 Manish Chauhan June 9, 2009 at 12:35 am

@Karthik

Even Reliance Vision has high concentration on Midcaps and Small caps .

Stopping it and putting money in Birla Frontline Equity is a good option . However I would have continued it in some existing fund. Dont have too many funds , 3-4 good funds is better .

Manish

8 karthik June 9, 2009 at 12:57 am

Thanks a lot Manish.. Do you do trekking ? Have you trekked Ombattu Gudde peak?..

9 Manish Chauhan June 9, 2009 at 1:02 am

@Karthik

yeah , I trek . Recently back from MM Hills and Nagamali trek , See my flickr pics : http://www.flickr.com/photos/manish_chauhan/sets/72157619442156638/

I have not treked Ombattu Gudde peak . Would like to do that … Are you a part of BMC ? if you are in bangalore

10 karthik June 9, 2009 at 1:54 am

Hi Manish,

Great Pictures!!!..Iam based in bangalore but not part of BMC.. I usually trek with my Colleagues (as ameture as me )..I have trekked sakleshpur,Kumaraparvata,kudhiramukhu and Ombadu gutte..
Ombattu Gudde was the most interesting one as it was not as popular as others and also we got lost in the forest and found our way out only after 2 days with the help some kerala guys who told us they had come to hunt elephants for thier tusks .. We finally reached bangalore soaked in blood (some injuries and ofcourse leachees

11 Manish Chauhan June 9, 2009 at 1:59 am

@Karthik

Great !! , I envy you for "getting lost in the Forest" part

manish

12 karthik June 9, 2009 at 6:30 am

Hi Manish,
Just did a complete anaysis of my MF portfolio.. the findings were little surprising – Sundaram (88) and HDFC equity(58) have very high Midcap & Small cap concentration. HSBC equity has the least (15). DSP and Reliance vison have around 30% Midcap concentration. This is similar to Birla frontline. Any thoughts on this?.. Also any good fund that u can suggest which is concentrated on Giant/Large cap? What is the ideal Large/Mid cap split for stability?

13 Anonymous November 2, 2009 at 8:20 am

Hi Manish, only recently I have started investing in MF. My portfolio consists of

1.ICICI Pru Infra Retail Growth
2.ICICI Pru Focussed Equity
3.Reliance Infrastructure growth
4.Reliance Reg Savings Equity(SIP@ 2000)
5.Reliance MIP Long Term(SIP@1000)
6.Quantum LT Equity(SIP@2500)

Please advise whether I should add anything more or any reorientation is needed.

Thanks

Purnendu Bagchi

14 Manish Chauhan November 2, 2009 at 8:24 am

@purnendu

First 3 looks like sectoral , Make sure it fits your risk appetite and understanding . Dont not take what you dont understand

The other 3 are ok , but I am not sure if they are the best choice . However they should provide decent returns if not the best .

Might want to monitor it and change some if you want . See the list of best funds on my blog .

Manish

15 Purnendu Bagchi November 15, 2009 at 11:33 pm

Manish, thanks for the comments. Recently, I have done some minor modification to the portfolio. Liquidated Rel Infra and invested the same in Reliance Reg saving equity. Liquidated part of ICICI Pru Infra and reinvested in ICICI Discovery Growth. Started SIP in Sundaram Sel Focus and SMILE. Pl comment

16 manish November 16, 2009 at 1:11 am: yup this is much better .. You can also think about ETF’s .. They will have lesser risk .
Manish
Reply

17 manish November 16, 2009 at 12:54 am

@Karthik

May be you should go for the HDFC 200 or Kotak 30 type to funds .. Or the mix of these funds and some ETF’s .

18 Manish mani December 6, 2009 at 2:53 pm

Hello manish
i m resently invest in mutual fund ,so plz advice me.
My portfolio consists
all in sip
1.Relance regular saving fund (@2000)
2.Magnum contra
(@2000)
3.Reliance diversified power sector(@2000)
4.Sundaram sle. mid cap (@2000)
5.Icici infrastructure (@1000)
6.Fidelity tax advantape (@1000)

plz adivce whether i should add anything more or remove of any fund or any reorientation is needed.

Thinks

Manish kr. Mani.

19 manish December 6, 2009 at 3:19 pm: @Manish Mani
In general its a good portfolio , just make sure if you are fine with Sectoral funds or not ..
At the end , No one can tell if this is good or not without knowing your risk appetite and your goals and what is your time frame .
Manish
Reply

20 Manish mani December 11, 2009 at 1:57 pm

Hi manish
thanks for the comment.
i m 26 years old.So i m investing 10-15 years.
And now i m thinking invest 50k in NFO or currently mf’s.
Plz comment what’s ur opinion my previous and resently mf.

Thanks
Manish kr. Mani

21 manish December 11, 2009 at 2:22 pm: Dont invest in NFO .. go for long term players ..
Reply

22 Manish mani December 11, 2009 at 7:22 pm

Hi manish
thanks 4 ur comments.
U r doing great job.

Thanks
Manish kr. Mani

23 Manish mani December 11, 2009 at 7:45 pm

Hi manish
if u don’t mind , then join me on orkut.
Manish kr. Mani
belgaum , karnataka.

24 manish December 12, 2009 at 12:30 am: Sure .. send me a friend request
Manish
Reply

25 Shantharam December 12, 2009 at 12:05 am

Manish,

What is your view about index funds ? i came to know that they are good for better returns and are relatively strong as they invest in index stocks.

I could not get anything about index funds in your blog. Which index funds do you feel are good ?

Thanks,
Shantharam

26 manish December 12, 2009 at 12:32 am

Index funds give good stable returns but they still do not beat equity mutual funds . So people with lesser risk appetite should invest in Index funds . I prefer ETF compared to Index funds .

Manish

27 Shantharam December 12, 2009 at 12:54 am

Yes…even i prefer ETFs… any idea about Nifty BeES and Nifty Junior BeES ? they are categorised as index funds though they are of ETF nature..

28 manish December 12, 2009 at 1:13 am: ETF’s are nothing but Index funds only , but with added feature of being tradable on Stock exchange .
Manish
Reply

29 Balbir December 15, 2009 at 12:51 pm

Hi Manish,

While going through some of your post, I found these term,
which I am still trying to understand.

what is IRR and CAGR ? how to calculate it for a give fund ?
Also what is absolute and annualised return?

I have 3 ULIP plan, and two of them I would surrender and opt
for MF with SIP. But to make my own decision I would like to
understand above mentioned jargon words.

Thank you,
Balbir

30 manish December 15, 2009 at 6:40 pm: For IRR read : http://www.jagoinvestor.com/2009/08/what-is-irr-and-xirr-and-how-to.html
For CAGR see : http://www.jagoinvestor.com/2009/05/video-post-on-basic-formula.html
Annualised return is return which you got per year .. So if you buy something at 100 in year 2005 and you get 20% in a year . It will become 100 * (1.2)^ 3 = 172.8 in 2008 (3 yrs) .
Here the annual return is 20% but the absolute return is 72.8% (72.8/100)
Manish
Reply

31 Krishnendu December 28, 2009 at 11:38 pm

Hi Manish,
I have already learnt to calculate CAGR and IRR from your site. But I am trying to understand under what circumstances one should apply either CAGR or IRR to calculate return on an investment and what is the difference between the two.

Thanks in advance.
-Krishnendu

32 manish December 28, 2009 at 11:54 pm

Wow .. this is an excellent doubt

CAGR is a specific case of IRR . so IRR is daddy if CAGR .

When we make payments on equal intervals like every month or every year , we use IRR to calculate the returns . When the amount you pay at every interval is equal , you can directly put a formula for CAGR , but when the amounts are different then you do IRR .

Got it ?

Manish

33 Krishnendu December 29, 2009 at 11:22 am

Hi Manish,
Thanks a lot for your clarification. I am trying to sum up my understanding of the matter.

a> When we make payments (but the amounts are different) on equal intervals like every month or every year we use IRR.

b> When we pay equal amount at equal interval we can use CAGR.

c> When we pay different amount at different intervals we use XIRR.

Please correct me if I am wrong.

Thanks,
Krishnendu

34 manish December 29, 2009 at 12:36 pm: Yes
you are correct .. Just understand the fact that CAGR is a special case of IRR ., when amounts are same , in that case we can use the direct formula .
Manish
Reply

35 Uma January 19, 2010 at 1:16 pm

Hi,

Good work. I am new to mutual fund investment. Kindly suggest me a fund to do SIP for 5 years and also i want to know how many years if we do SIP it is better. Kindly suggest me the fund. I am investing in JM basic fund in SIP for past 2-1/2 years, in another 6 month it ends, kindly suggest me whether i can continue or stop it.

Regards,
Uma

36 Manish Chauhan January 19, 2010 at 2:47 pm: Uma
Thanks for comment
You can choose some funds from this list I have suggested http://www.jagoinvestor.com/2009/08/list-of-best-equity-diversified-mutual.html . Equity investments are for long run and longer it is better it is from return and risk point . In anycase SIP should run for 4-5 yrs to show some results. anything less than that is risky . http://www.jagoinvestor.com/2009/08/list-of-best-equity-diversified-mutual.html
Are you not interested in debt oriented funds ? what is your return expectations ?
Manish
Reply

37 Abimanu March 10, 2010 at 2:05 pm

Hi manish,
thanks for good work,

i am investing in SIP ,this is my portfolio.

1) Sundaram tax saver -growth(@3,000)
2) Canara Robecco tax saver-Growth(@3,000)
3) Birla Sunlife Front Line Equity-growth(@2,000)
4) PPF(@2,000)
some times doing additional purchase in birla sunlife equity .

now i am planning to put some 4,000 more in every month
but i am having confusion that whether need to go for another MF or continue with in same mf by increasing SIPamount .

.please suggest me,i am getting confusion,
planning of long term of 10 years ,

for new SIP , i had search some funds ,
whetehr to choose some midcap funds like Sundaram SMILE or Sundaram Select MidCap or should i go for any sectorial fund or ETF

what is use of debt fund ,is it less risky than Equity diversified ?? is it one should have debt fund also in portfolio.

waiting for your response.

Thanks & Regards
Abimanu

38 Manish Chauhan March 10, 2010 at 7:19 pm: Abhimanu
I think you are jumping to “investing” without “planning the financial goals” . , why are you doing all these investments ? What is the time frame ? What will the the maturity proceeds be used for ?
Better first take action on listing down how this money will help you and when is the target date , the steps you are taking are the secondary ones .
Debt funds are less riskier than equity funds , there is no compulsion of having a debt fund in portfolio .
manish
Reply

39 balbir2997 March 14, 2010 at 1:38 pm

Hi Manish,

I planned to buy some mutual fund in the next financial year, I went to some mutual fund agent to get the form, and I see following written on the form

“Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor”.

Does it mean commission would be paid to agent on every my SIP? I thought there would be no commission paid as there is no entry load.

Please advice

Thank you,
Balbir

40 Manish Chauhan April 18, 2010 at 2:23 pm: Balbir
No entry load means that there will be no commission going from your SIP payment , however your agent has to be compensated from you directly now , if you feel he is worth paying , else go and directly invest through AMC.
Manish
Reply

41 Trupti May 7, 2010 at 1:25 am

Hi Manish,

Just came across your blog and read couple of articles in MF investment. I did invest into tax saver MF. They are DSPBR Tax saver and Sundaram Tax Saver this year and now after understanding the potential of long term investment like retirement or child education goal I am very much interested to do consistent investment into MF thr. SIP (and monitoring them regularly).

I have some list in my plate. I will be grateful if you could provide your valuable comment). My risk appetite is average OR above average.
1. DSP BR Top 100 (G) (@ 1500)
2. HDFC Top 200(G)(@ 2500)
3. Sundaram BNP Paribas S.M.I.L.E. Reg-G OR OR
Sundaram BNP Paribas Select Midcap Reg-G (@ 2000)
4. Kotak 30 – (G)(@2000)

Can you suggest me some good debt fund or how about some balanced fund?

Please help me in my selection

regards,
Trupti…

42 Manish Chauhan May 7, 2010 at 9:27 am

Trupti

You can prune in one of the Sundaram funds , you may want to keep Midcap one . Dont get more of pure equity funds , there are already 5 (4 after you remove one) . Better get some debt funds now , floater funds would be a good option , read my article on that .

Manish

43 Trupti May 7, 2010 at 11:40 pm

Thanks Manish!

Out of those 4 pure equity fund I am planning to replace Kotak 30 with HDFC Prudence with 3000 per month as it is good equity oriented balanced fund(studied in valuereasearch site).
Two general questions
–Is it right to keep expectation of 18% return from good mutual funds by considering a consistent SIP option for next 10-15 years. Growth in the stock market from last 8-10 years was great. But going forward, the growth would be little restricted(this is my view, might be wrong). So keeping expectation of 18-20% return wouldn’t be dream?
– On an average how much return we can expect from debt oriented MF?

Trupti…

44 Manish Chauhan May 8, 2010 at 12:27 am: For your first question , nothing wrong in keeping high expectations , but i would say key to happiness is low expectations
For second question , you can say 10-11% .
Manish
Reply

45 Manish June 6, 2010 at 2:14 am

Hi Naveen ,
My portfolio is as below
Birla Sun Life Midcap Fund – Plan A (G)
UTI Opportunities Fund (G)
HDFC Top 200 Fund (G)
HDFC Balanced Fund (G)
ICICI Pru Discovery Fund (G)

i started in mar 2010
SIP of Rs.1000 each my target is 7 lakhs at end of 5 yrs.
Is it achievale or i need to increase my SIP amt or any change in profile.

46 Henry November 3, 2010 at 6:06 pm

Manish,

I am planning to invest in SIP. I have selected the foll. funds –

1) HDFC Top 200
2) Kotak 30
3) HDFC Equity
4) Sundaram Select Midcap
5) ICICI discovery
6) Kotak Opportunities

My risk apetite is high. I would like to invest 10,000 every month.
Please let me know if this looks fine.

47 Manish Chauhan November 3, 2010 at 11:37 pm

Henry

This looks fine , but why so many funds alike ? Just pick 2-3 funds .

Manish

48 Henry November 4, 2010 at 10:15 am

Manish,

Thanks for yor inputs.
I was told by many that i need to diversify, hence the need for these many. I can moderate this to maybe 4. I have shortlised to the foll –

1) HDFC top 200
2) Sundaram select midcap
3) ICICI discovery
4) Reliance Regular savings equity

Please let me know if this looks fine.

49 Manish Chauhan December 29, 2010 at 12:37 pm: Looks good
Reply

50 Abhishek December 29, 2010 at 1:08 am

Hi Manish,

My portfolio consists of the following:

1. EPF contribution (includes employer’s part) of 90k per annum.

2. PPF contribution of 70k per annum.

3. Mutual fund SIP of 8k per month (i.e. 96k per annum) in the following funds:

a. HDFC top 200 ( Rs 3000 per month)
b. DSP BR quity top 100 (Rs 3000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)

In all the above funds, I have been investing in growth option and my horizon is for 15-20 years. As you can see that I am investing 25% (Rs 2000 out of 8000) in mid/small cap and the rest in large cap.

What is your take on my MF portfolio? Do you think I have a good portfolio to give good and stable returns. I know I am investing a bit more in EPF/PPF as compared to MF which may hamper my returns in long term but I am fine with that as I prefer less risk. Any suggestion or thoughts would be of great help. Thanks in Advance for your time and effort.

51 Manish Chauhan December 29, 2010 at 12:24 pm

Abhishek

Looks ok to me , but still Debt is higher than equity and not that great for young person (assumption) . Just reevaluate if you prefer “less-risk” or if you dont understand what is “risk” in real terms, Your equity funds will give much more than debt in 15-20 yrs with almost 99.99% probability . So its almost no – risk . you might be short of 1-2 crores in next 20 yrs just because you are not higher on equity . So re-evaluate, however if your return expectatins is 10-12% overall in long term , you are good !

Manish

52 Abhishek Gupta December 29, 2010 at 12:29 pm

Thanks Manish. I will revisit the debt:equity ratio as suggested by you. By the way I didnt see any comments from you regarding MF selection. Do I need to add anymore fund or reshuffle the SIP amount in the existing funds for better performance. My age is 27 Yrs.

Thanks again, Abhishek.

53 Manish Chauhan December 29, 2010 at 12:37 pm

Abhishek

For now 3 funds are ok . You dont need more . 3 funds in equity category is good . More than that will just clutter and not add any value from returns point .

Manish

54 Abhishek Gupta December 29, 2010 at 12:45 pm

Hi Manish,

1. Can you give me a rough estimate as to how much can I expect from the SIP investments in these funds of 8k per month? I am guessing it should be something around 45 lacs in 15 yrs. Please correct me if I am wrong.
2. Also how many years do I need to stay invested in these three funds to figure out if I need to make changes or not in my MF portfolio. I am assuming I should continue SIP for 3 yrs before concluding the fund performace. Please correct me if I am wrong.

55 Manish Chauhan December 29, 2010 at 12:57 pm: Abhishek
1) Yes , very much around that considering you review the portfolio every year and keep making the changes in funds if required.
2) Yea .. i would say 3 yrs is good .
Manish
Reply

56 yugal January 1, 2011 at 10:19 pm

Hi Manish,

I am 26 years old and planning to have the mentioned below funds through SIP.Please Suggest

1) DSPBR Top 100 Eqt Reg-G ( Rs 1000 per month)
2) HDFC Top 200 ( Rs 1000 per month)
3) HDFC Equity ( Rs 1000 per month)

57 Manish Chauhan January 1, 2011 at 11:25 pm: Looks good to me
Manish
Reply

58 yugal January 2, 2011 at 11:13 am

Thanks manish for your prompt response ,but now i am confused to choose between DSPBR Top 100 Eqt Reg-G and Franklin India Bluechip
because both are large Cap and given gud return.

I am planning to start Rs. 3000 SIP from this week till 5 years . I want to divide Rs. 1000 in three category .Do you think I have a good portfolio to give good and stable returns.please suggest me if i am missing something or choosing wrong MF.

Equity: Large Cap
1) DSPBR Top 100 Eqt Reg-G
OR
2) Franklin India Bluechip

Equity: Large & Mid Cap
1) HDFC Top 200
OR
2) Birla Sun Life Frontline Equity Plan A

Equity: Multi Cap
1) HDFC Equity
OR
2) Reliance Equity Opportunities

59 Manish Chauhan January 13, 2011 at 7:28 pm: Yugal
http://www.jagoinvestor.com/forum/ is a good place to ask these questions
Manish
Reply

60 dinesh January 16, 2011 at 3:34 pm

Hi Manish,
so nice to see ur prompt replies. Hope u wont mind a reply to me…:-)

Im a beginner and has 3 lakhs lumpsum at hand and want to invest Rs 5000 in monthly SIPs. So I have chosen funds as follows:
ICICI Pru Discovery Fund (G) – Rs 50000 + Rs 2500 monthly SIP
HDFC Equity Fund (G) – Rs 1 Lakh + Rs 2500 monthly SIP
ICICI Pru focussed bluechip equity (G) – Rs 50000

Is my selection of funds correct? I selected them post seeing their performance ranking in the past 3 years..
Would appreciate your time…
Regards Dinesh

61 Manish Chauhan January 16, 2011 at 4:57 pm: Dinesh
Why dont you see 5 and more years returns also . That would make your choice more stronger . You can use http://www.jagoinvestor.com/forum/ to ask these questions
Manish
Reply

62 Nagarjuna February 8, 2011 at 10:06 am

I would like to invest 6 thousand rupees per month in 3 or 4 SIP policies which gives good returns after 20 years. Please mention the policies to invest..

63 Manish Chauhan February 8, 2011 at 11:08 am

http://www.jagoinvestor.com/2010/08/list-of-best-equity-diversified-mutual-funds-for-2010.html

64 Nagarjuna February 8, 2011 at 11:59 am: Thx for your reply. I would like to pay every month for 20 years. Give top 5 SIP Plans for me through ur valuable experience in market risks…
Reply

65 Nagarjuna February 8, 2011 at 1:14 pm

Hi Manish,
I got valuable information from you. Finally i decided these 4 SIPs,
If i am any wrong in these, give me advise,
HDFC Top 200
DSP BlackRock Top 100 Equity
Birla Sun Life Frontline Equity A
UTI Opportunities or Reliance RSF Equity

If i want start, how to meet the agent’s for these above policies.

Thank you very much Manish..

66 Manish Chauhan February 8, 2011 at 1:21 pm

Nagarjuna

Yes .. It looks good to me , but those are equity funds , they are risky , but over time they would not be risky , if you are disciplined

Manish

67 Nagarjuna February 8, 2011 at 2:33 pm: Hi Manish,
One small doubt. how to approach the Agent’s for those policies. where we have to pay money and take the bonds? Because i am new to investment. Please give better approachable agents for above. Among these how many policies are TAX exempted under 80c.
Thank you Manish…
Reply

68 Nagarjuna February 9, 2011 at 10:17 am

Hi Manish,

One small doubt. how to approach the Agent’s for those policies. where we have to pay money and take the bonds? Because i am new to investment. Please give better approachable agents for above. Among these how many policies are TAX exempted under 80c.

Thank you Manish…

69 Manish Chauhan February 9, 2011 at 3:04 pm

Nagarjuna

I already mailed you , did you get it ? You can search for agents in your city through Justdial

70 Abhishek gupta February 9, 2011 at 5:34 pm

Hi Manish,

I need some advice on my MF investments. I currently have Mutual fund SIP of 8k per month in the following funds:

a. HDFC top 200 ( Rs 3000 per month)
b. DSP BR equity top 100 (Rs 3000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)

In all the above funds, I have been investing in growth option and my horizon is for 15-20 years. As you can see that I already have large cap, large + mid cap and mid + small cap funds. So I want to get a multi cap.

I need to increase my SIP amount from 8k to 10k per month. I did a reserch at my end and concluded to start investing 2k per month SIP in Quantum long term equity. The reasons for my conclusion are extremly low expense ratio, being a good rating for QLTE as a multi cap and good performance of the fund. Please advice me if my decision if good so that I may proceed. If you can think of a better fund compared to QLTE then please let me know. Also if you think increasing 2k in existing funds will be better rather then going for a new fund like QLTE then please let me know.
Thanks in Advance for your time and effort.

71 Manish Chauhan February 9, 2011 at 10:45 pm

Abhishek

I think you should limit the funds to 3 only , dont get into names to much ,., you are diversified enough .

Better invest in same funds and review it each year .. It would be a good exercise for you to see how much extra diversification you are getting by investing in Quantum

Manish

72 Nagarjuna February 11, 2011 at 2:29 pm

Hi Abhishek gupta,

I am nagarjuna from chennai. I would like to start to invest in mutual funds what u r invested. at first,how you are started? how you approached the agents or offices of those?

Thanks in Advance.

73 Abhishek February 11, 2011 at 5:08 pm

Hi Nagarjuna,

I would suggest you to check http://www.camsonline.com and search the office of CAMS in chennai. You can then just walk in to CAMS office and fill up forms for all three schemes there. They are registered point of service for HDFC, DSPBR & IDFC. This way you will save all the distributor costs.

Thanks, Abishek.

74 Nagarjuna February 16, 2011 at 2:50 pm

Hi Abhishek gupta,

Is there any MF’s in the above mentioned which are tax exempted under 80C to submit as tax declarations.

Thanks in Advance.

75 Abishek February 16, 2011 at 3:07 pm: Hi Nagarjuna,,
These are open ended schemes and hence do not offer tax benifits. For tax releif, you need to go for closed ended schemes which have a lock in period of 3 yrs.
Thanks, Abhishek.
Reply

76 Nagarjuna February 23, 2011 at 11:06 am

Hi Manish,

This is nagarjuna. I met one MF agent in chennai on yesterday. He told that only 125 Rs he will charge for 3 MF’s. The charges for the first month only. From next month onwards no charges and entire money will invest in MF’s. From 2nd month onwards the money will be deduct automatically from your account. Manish, his words are correcta? give me your advice. I would like to pay monthly and the money should deduct automatically. Is there any way like that?
Thanks in Advance.

77 Manish Chauhan February 23, 2011 at 11:39 am: Nagarjuna
He might be charging you his fees of 125 .Now we generally dont have any commission for agents , but you can still pay him the money incase you feel his service is good .
Note that you will have to enable ECS facility in your form with SIP , if you want money to be automatically deducted each month
Manish
Reply

78 Manish Chauhan February 12, 2011 at 10:45 am

Nagarjuna

THe best thing for you would be to open an account with fundsindia and start investing . OR if you want an agent only , call JUSTDIAL and ask them for an agent name .

Manish

79 Abhishek February 9, 2011 at 11:02 pm

Hi Manish,

Thanks for the reply. I guess you want me to increase 2k in existing 3 funds.

1. Can you please suggest me in which of the three I should increase?
2. I thought it will be good to have a multi cap in my portfolio. I may be wrong here, please correct me by giving your thought abt having a multi cap.

Thanks.

80 Manish Chauhan February 9, 2011 at 11:09 pm

Abhishek

You can increase it in IDFC one , as its more closer to mid cap fund .

More than which cap you are adding to your portfolio ,you should look at the asset allocation , do you have any idea what changes will happen to your equity and debt portion by including that multi cap fund . Truely speaking , you should not go this deep , keep it simple .

Manish

81 Abhishek February 10, 2011 at 12:22 am

hi Manish,

Thanks again. I believe that whether I add a multi cap or I increase my amount in IDFC (i.e. increase mid & small cap exposure), in both the cases I will increase my equity portion only which is actually what my aim is bcoz I already have a total of more then 50% of asset allocation in debt through PF & PPF (13k per month in debt and 8k in equity, so I want to increase to at least 10k per month in equity). So I have got to increase my equity exposure since I am still in my twenties. I hope this clarifies you my need.

82 Manish Chauhan February 10, 2011 at 1:00 am

Yes , then just increase it in IDFC

83 Vaibhav February 14, 2011 at 4:25 pm

Hi Manish,

I need your help in deciding if I need to make any changes to my MF portfolio. I am doing SIP of Rs 10200 per month in the following funds:

a. HDFC top 200 ( Rs 5200 per month)
b. DSP BR quity top 100 (Rs 3000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)

In all the above funds, I have been investing in growth option and my horizon is for 15-20 years. As you can see that I am investing 25% in mid/small cap and 75% in large cap. My questions are:

1. Is 25% in mid+ small cap and 75% in large cap a good strategy? If not then please suggest me changes.
2. Are the 3 funds chosen by me good enough? I see they are diversified enough in different caps. If you think otherwise, please sugest me changes. Dont worry abt the debt portion as I already have taken care of that to reduce risk.

Thanks, Vaibhav.

84 Manish Chauhan February 14, 2011 at 4:43 pm: Vaibhav
Your funds are good one’s , but you have to review them periodically like 1-2 yrs to make sure you are with right mutual funds . More than mid-cap and large-cap you should see how much equity you are invested in and thats what will decide your risk .
Manish
Reply

85 Nagarjuna February 23, 2011 at 11:08 am

Hi Manish,

86 Krishnakant May 10, 2011 at 5:19 pm

Hi Manish-

I am very near to MF. I am planning for long term investments in MF. Please let me know the good MF to invest in.

Thanks in advance!!

Krishnakant

87 Manish Chauhan May 12, 2011 at 12:05 am

Krishnakant

You have to look at it

http://www.jagoinvestor.com/2010/08/list-of-best-equity-diversified-mutual-funds-for-2010.html#comments

Manish

88 Gaurav May 16, 2011 at 8:01 pm

Hi Manish,

I am going to start investing Rs 10000 in MF. I have reserched a lot and zeroed in on following three options. In all these funds, I will invest in growth option and my horizon is for 15-20 years I request you to review my options and tell me which one I should go for out of these three options. If you have any other better option in mind other then the three mentioned options below, then please tell me that also. I hate churning the mutual fund portfolio until and unless absolute necessary due to consistent underperformence and so I want to make sure I am chossing the best option.

Option 1: 1 large cap, 1 large/mid cap, 1 mid/small cap

a. DSP BR quity top 100 (Rs 3000 per month)
b. HDFC top 200 ( Rs 5000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)

Option 2: 1 large cap, 1 multi cap, 1 mid/small cap

a. DSP BR quity top 100 (Rs 4000 per month)
b. Quantum long term equity (Rs 4000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)

Option 3: 1 large cap, 1 large/mid cap, 1 mid/small cap, 1 multi cap

a. DSP BR quity top 100 (Rs 3000 per month)
b. HDFC top 200 ( Rs 3000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)
d. Quantum long term equity (Rs 2000 per month)

Thanks.
Gaurav.

89 Manish Chauhan May 17, 2011 at 5:06 pm: Gaurav
Option 1 looks ok to me , truely speaking after 5-6 yrs , your portfolio will see some change with high probability , so you can start from any of these .
Manish
Reply

90 V.KRISHNAMURTHY June 25, 2011 at 5:58 pm

a)I am investing SIP in following folio’s for past 20 months:
HDFC TOP 200 (Rs.2500)
HDFC EQUITY (Rs.2500)
DSPR TOP 100 (Rs.2500)
DSPR EQUITY (Rs.2500)
DSPR WORLD GOLD (Rs.1500)
BIRLA SUN LIFE FRONTLINE EQUITY TYPE A (Rs.2500)
ICICI PRU DYNAMIC (Rs.2500)
ICICI BLUE CHIP (Rs.2500)

and just started a SIP with
QUANTUM EQUITY (Rs.2500)
QUANTUM GOLD FUND (Rs.1500)

Is this is right investment for the period of 5 yrs. or any alter required.

i am having in mind to go for further SIP with IDFC Equity and Fiedility.

pl suggest

91 Manish Chauhan June 25, 2011 at 7:27 pm

V Krishnamurthy

Why so many funds? Dont feel that more funds means more diversification . Its hardly true , I think you should limit it to maximum 4-5 funds .

Manish

92 V.KRISHNAMURTHY June 25, 2011 at 10:27 pm: Dear Manish
please advise in above which is to be added or deleted
Reply

93 chirag shah July 17, 2011 at 10:42 pm

Dear manish,

Thanks for helping investor to take one of the important decision in their life.

Now my question is i have selected 2 funds for sip for 15 years

1. hdfc top 200 (5000)
2, dsp black rock balanced fund(5000)

suggestion on these funds & what kind of returns i can expects & if you can suggest some funds for long term.

94 Manish Chauhan July 18, 2011 at 3:23 pm: Chirag
Boith are good funds , just keep investing for long term and you can expect around 12% with high probability
Manish
Reply

95 brijesh November 2, 2011 at 12:27 pm

hi Manish,
I had invested about 1 lac in Reliance Infrastructure Fund-Retail-Growth Plan, at the start the Nav was 10 Rs, in July 2009, since then it’s been going down hill and is at 7.5 as of 31 Oct 2011. I’m very new to all this Mutual Fund and investment business, was hoping if you could advise me if i should continue with Reliance Infrastructure Fund-Retail-Growth Plan, or i should move my money elsewhere. Kindly help!!
Regards,
Brijesh.

96 Manish Chauhan November 5, 2011 at 1:23 pm: Brijesh
You should not panic too much , more than the fund, its the market which is performing badly and your fund is mimicing it .. so also see its performance in good times ..
Manish
Reply

97 Mohan November 6, 2011 at 1:46 pm

Hi Manish,

I have following Mutual fund SIP of total 10k per month in the following funds:

a. Icici prudential focused bluechip equity fund ( Rs 4000 per month)
b. HDFC Equity (Rs 4000 per month)
c. IDFC premier quity plan A (Rs 2000 per month)

In all the above funds, I have been investing in growth option and my horizon is for 15-20 years.
This is a time for my regular annual review and hence I need your help in figuring out if any changes are needed.
What is your take on my MF portfolio? Do you think I have a good portfolio to give good and stable returns. I would also like to know if there is any better replacement available for my multi cap fund (HDFC Equity)? I am asking this bcoz HDFC equity has too large AUM and also consists of too many stocks which I guess will start hampering returns in future. Any suggestion or thoughts would be of great help.

Thanks in Advance for your time and effort.

98 Manish Chauhan November 8, 2011 at 9:37 am: Mohan
Your portfolio is fine ,. just continue .. Just be aware that its 100% equity and hence short term volatily will be there for sure and there are chances of portfolio going down incase markets go down , so please live with that in your mind
Manish
Reply

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