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Dev Ashish  | Answer  |Ask -

MF Expert, Financial Planner - Answered on Aug 24, 2023

Dev Ashish is a fee-only SEBI-registered investment advisor with over 15 years of active experience in the stock market. In 2011, he founded StableInvestor, a platform for personal finance and financial planning.
He provides professional fee-only investment advisory services to small and high networth individuals in order to help them achieve their financial goals.
Ashish's views are regularly published in national business publications. He has an MBA degree from NMIMS, Mumbai and also holds an engineering degree.... more
Prasanna Question by Prasanna on Aug 13, 2023Hindi
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I am 48 years old and I wok in a company. i have the following SIPs in various MF schemes 1) Nippon Large Cap Fund -Rs. 500/-, IDBI top 200 Fund -Rs. 500/- 3) PGIM midcap opportunities fund -Rs. 1000/- 4) Quant Active Fund - Rs. 1000/- and 5) Quant Tax Saver Fund - Rs. 1000/-. Should I continue with the SIPs or discontinue any of them. Pls advise.

Ans: For the given total amount of investment being made monthly, you don't need to invest in so many schemes. Just one fund would be more than enough. It can be an ELSS if you have tax-saving requirements. Or it can be a simple flexicap fund as your existing portfolio seems to be a mix of large, mid and small-cap funds.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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SIP Details ongoing since last 4 years, should I continue with the same schemes or request your kind suggestion / advice. SIP amount of Rs.3000 per month in each of the MF. 1) Birla Sun Life Pure Value Fund - Growth 2) Canara Robeco Emerging Equities - Growth 3) DSP Black Rock Income Opportunities Fund - Growth 4) DSP Black Rock Small And Mid Cap Fund - Growth 5) Franklin India Prima Fund - Growth 6) Kotak Emerging Equity Scheme - Regular Plan - Growth 7) L&T Emerging Businesses Fund - Regular Plan - Growth 8) L&T India Value Fund - Regular Plan - Growth 9) SBI Magnum Midcap Fund - Growth 10) Sundaram Select Midcap – Growth
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Name of the Fund Category RankMF Star Rating Recommendations
Ramesh Koti      
1) Birla Sun Life Pure Value Fund – Growth Equity - Value Fund 1 switch to Axis ESG Fund  - Growth
2) Canara Robeco Emerging Equities – Growth Equity - Large & Mid Cap Fund 4 continue
3) DSP Black Rock Income Opportunities Fund - Growth (Dsp Credit Risk Fund - Regular Plan) Debt - Credit Risk Fund 2 Credit Risk funds to be avoided , instead Corporate Bond or Banking and PSU funds to be considered
4) DSP Black Rock Small And Mid Cap Fund - Growth      
Dsp Small Cap Fund - Regular Plan – Growth Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
Dsp Midcap Fund - Growth Equity - Mid cap Fund 4 continue
5) Franklin India Prima Fund - Growth Equity - Mid Cap Fund 2 Switch to - Dsp Midcap Fund - Growth
6) Kotak Emerging Equity Scheme - Regular Plan - Growth Equity - Mid Cap Fund 3 Switch to - Dsp Midcap Fund - Growth
7) L&T Emerging Businesses Fund - Regular Plan - Growth Equity - Small cap Fund 2 switch to Axis ESG Fund  - Growth
8) L&T India Value Fund - Regular Plan – Growth Equity - Value Fund 2 switch to Axis ESG Fund  - Growth
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Milind

Milind Vadjikar  |741 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 03, 2024

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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
The fund house will:
1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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