I HAVE ICICI LONG TERM EQUITY FUND ELSS, SHALL I KEEP IT OR EXIT? KINDLY ADVISE.

Name of the Fund	Category	RankMF Star Rating
ICICI LONG TERM EQUITY FUND	Equity - ELSS	3

Ans: You may continue with 4 & 5-Star rated ones and rest can be relooked. 

Midcaps: Suitable options considering quality and value for money are:

• Motilal Oswal Midcap 30
• DSP Midcap
• Kotak Emerging Equity Fund

Small Caps:

• Kotak Small Cap
• Axis Small Cap

Ans: You may continue with funds with 4 and 5 star rated, sector funds to be avoided and good funds in Multicap , Focused and Mid cap should be invested in.

Midcap: Suitable option considering quality and value for money at present levels is DSP Midcap and Axis Midcap

Multicap: Suitable options considering quality and value for money at present levels are UTI Equity Fund, Axis Multicap, Motilal Oswal Multicap 35

Focused: Suitable options considering quality and value for money at present levels are Axis Focused 25 and Motilal Oswal Focused 25

ELSS: Suitable options considering quality and value for money at present levels are Motilal Oswal Long Term Equity – Growth

Ans: Hello,

I understand that you have invested in multiple mutual funds and are seeking advice on whether to hold or change your investments. As a financial advisor, I would like to offer you some guidance on this matter. Please note that my suggestions are based on general principles and not specific to your financial goals or risk tolerance.

SBI Focused Equity Fund Regular Growth: This fund primarily invests in a concentrated portfolio of equity and equity-related securities. As the name suggests, it is a focused fund with exposure to a limited number of stocks. If you're comfortable with the risk associated with concentrated portfolios and believe in the fund manager's stock-picking ability, you can continue to hold this fund.
SBI Blue Chip Fund Regular Plan Growth: This is a large-cap fund that invests in well-established companies. Large-cap funds typically offer stability and lower volatility compared to small and mid-cap funds. If you are looking for a relatively safer equity investment, you can hold on to this fund.
SBI Multicap Fund Regular plan Growth: Multicap funds invest across market capitalizations, providing diversification benefits. If you want to maintain a balanced exposure to various market segments, you may continue to hold this fund.
HDFC Tax Saver Direct Plan Growth Option: This is an Equity Linked Saving Scheme (ELSS) that offers tax benefits under Section 80C of the Income Tax Act. The lock-in period for ELSS funds is 3 years, and if you're looking for tax-saving investment options, you can consider holding this fund.
HDFC Developed World Indexes Fund of Fund: This fund provides international diversification by investing in developed market equities. If you want to diversify your portfolio beyond Indian equities, you can hold this fund.
HDFC Equity Savings Fund Direct Plan Growth: This fund invests in a mix of equity, debt, and arbitrage opportunities, making it suitable for investors with a moderate risk appetite. If you are looking for a balanced fund with a mix of asset classes, you can continue to hold this fund.
HDFC Nifty Next 50 Index Fund Direct Growth: This passive fund tracks the performance of the Nifty Next 50 index. If you are interested in low-cost index funds and believe in the potential of the next 50 large-cap companies, you can hold this fund.

In conclusion, your current mutual fund portfolio appears to be reasonably diversified across asset classes and investment styles. However, it is essential to periodically review the performance of each fund and align them with your financial goals and risk tolerance.

Please consult a financial advisor who can provide personalized advice based on your specific needs and circumstances.

Ans: Can you present it in a tabular format plz. Also specify the goal for which you are accumulating these MF units, time on hand so as to be able to provide clear feedback.