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POSTED BY ON April 6, 2012 1:03 pm COMMENTS (6)
I am planning to start a SIP of 1K in UTI MNC FUND (G) for about 5-10 years. Can any one tell me their experience or opinions about this fund. You can also suggest any the other high rated funds.
Thanks,
Also,valueresearch suggests below schemes :
Principal Emerging Bluechip
Motilal Oswal MOSt Shares NASDAQ-100 ETF
Sahara Banking and Financial Services
Sundaram Select Midcap Reg
HDFC Taxsaver
Taurus Ethical
Tata Equity Opportunities
Reliance Banking Retail
DSPBR Top 100 Equity Reg
ICICI Prudential Dynamic
which one is best to go with?
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Dear Rajan,
I would rather think of it in two different ways. Not sure if my thinking is in line with others.
When you do the selection of the funds in the way you did and then notice the returns which have been given by these funds, they are just too excellent. So What is the harm in thinking that these funds will give almost similar or little bad returns this year. For example, Principal Emerging Bluechip has given almost 35 % returns in last one year. So even if you get aroung 25% next year, no harms.
Second side of opinion is, these funds have a very little track record. Which means most of them are recently launched funds. So we may not be able to judge the consistency in the returns provided by these fund managers. So it is better to stick to the “Well Tested” mutual funds like HDFC TOP 200. Also, you yourself can see that Valueresearch does not classify these funds into either 4 or 5 star rated funds.
Regards
Chandrakant D
I have obtained these funds from the fund performance tool on valueresearch. just go to this link
http://valueresearchonline.com/funds/default.asp, then go 4 “TOP 10” funds by selecting “OPEN” ended, “Since Launch” & “All Equity”, then hit ‘Go” button. This will give you the list of the MFs I pasted in above question.
Ashal, not at all. There is a tool that filtered me these many funds..
Dear Rajan, can you share more details on that tool of VROL or if possible can you elaborate more on the info provided by you & then the funds selected by that tool.
Thanks
Ashal
Dear Rajan, do you mean, you put your details or queries in valueresearchonline & those people recommended these so many funds to you or it’s you who have chosen these funds for you yourself.
Thanks
Ashal
Rajan,
stay away from thematic or secotral funds. Go for equity diversifed or equity opportunity funds.HDFC Top 200, DSP BR top 100, IDFC Premier equity are good funds to have in your portfolio