Performance Review of Mutual Funds bought 1 yr ago ?

POSTED BY nitin1001 ON January 29, 2014 4:56 pm COMMENTS (6)

Dear Friends,

Based on suggestion from this forum, last year I had invested in mutual funds as a long term investment in below funds:

1. Franklin India Bluechip fund (G) [2700 monthly]- Annual return (2013) is  4.22%

2. HDFC Equity Fund (G) [3600 monthly]- Annual return (2013) is  6.43%

3. SBI Emerging Business Fund – Reg (G) [2700 monthly] – Annual return (2013) is  1.42%

Questions:

1) As you can see, return of SBI Emerging Business is not good, so I want your suggestion on this, should I continue to investing in same fund via SIP or switch to some other fund. Please suggest the alternate option.

2) Is Fund allocation in above three funds are okay or any switching required?

3) If I want to invest another 5000 per month, where should I divert it in above funds or should I invest this in some new fund?

Declaration:

1. Already have one Term Insurance (1 Crore)

2. Already have PPF investment (5000 monthly).

3. Investment in Mutual funds (SIP) is for long term goal.

Many thanks in advance.

 

6 replies on this article “Performance Review of Mutual Funds bought 1 yr ago ?”

  1. nitin1001 says:
    February 3, 2014 at 1:20 pm

    Thanks Srikanth, I’ll check this option.

    Reply
  2. Srikanth Meenakshi says:
    January 30, 2014 at 1:31 pm

    Hello Nitin,

    If this SIP is an ongoing SIP @ FundsIndia, changing the scheme is easy. Please login to your account, go to ‘Invest’, then ‘Systematic plans’. In the row that lists this scheme, choose ‘Change Scheme’ and name the new scheme. After this, the next installment onwards will automatically happen in the new scheme.

    Hope this helps.

    Thanks,

    Reply
  3. Srikanth Meenakshi says:
    January 29, 2014 at 9:56 pm

    Nitin,

    Just to provide an additional perspective to Ashal’s answer in the other thread (agree with him broadly).

    If this one-year return bothers you and you want your funds to return consistently (in a narrow range), then your portfolio is probably too aggressive for you. If that’s the case, please replace the mid-cap SBI fund with a debt fund or a debt-oriented hybrid fund.

    Even within the category of mid-cap funds, SBI Emerging is a risky pick. A fund like IDFC Premier equity fund or ICICI Pru Discovery would be better choices.

    Hope this helps.

    Thanks,

    Srikanth
    FundsIndia.com

    Reply
    1. nitin1001 says:
      January 30, 2014 at 1:15 pm

      Hi Srikanth,

      Thank you for your suggestion.
      Can you please tell me what is the step I need to do in order to switch this fund in FundsIndia, in case if I want to do so?

      Regards,
      Nitin

      Reply
  4. ashalanshu says:
    January 29, 2014 at 8:37 pm

    Dear Nitin, why are you posting repeat queries on same topic? Already answered in your prev. similar query.

    thanks

    Ashal

    Reply
    1. nitin1001 says:
      January 30, 2014 at 1:13 pm

      Dear Ashal,

      I haven’t created two different post, I think moderator made 2 different post with different heading from my single post.

      Sorry for the confusion.

      Regards,
      Nitin

      Reply

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