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Omkeshwar Singh | Answer |Ask -Follow
Head, Rank MF - Answered on Jul 23, 2020
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Question by Varun on Jul 23, 2020Hindi
I have following MFs (Growth) in my portfolio for some of them SIP is executed currently per month and for others SIP duration has expired. Am a long term investor with preference to SIP, kindly guide if I need to withdraw from one fund for investment in other fund and if the funds for which am paying SIP amount is to be continued or stopped.
1. Aditya Birla Sun Life Equity advantage Fund
2. BNP Paribas Midcap
3. DSP Equity Opportunities Fund
4. DSP Midcap Fund
5. DSP US Flexible Equity Fund
6. Franklin India Ultra Short Bond Fund
7. HDFC Equity Fund
8. HDFC Hybrid Equity Fund
9. HDFC Mid-Cap Opportunities Fund
10. HDFC Small Cap Fund
11. ICICI Prudential Infrastructure Fund
12. ICICI Prudential US Bluechip Fund
13. Invesco India Contra Fund
14. Kotak Emerging Equity Fund
15. Kotak Standard Multicap Fund
16. L&T Emerging Business Fund
17. L&T India Value Fund
18. L&T Midcap Fund
19. Mirae Asset Focused Fund
20. Mirae Asset Large Cap Fund
21. Motilal Oswal Multicap 35 Fund
22. Nippon India Growth
23. Nippon India Liquid Fund
24. Nippon India Power & Infra Fund
25. Principal Emerging Bluechip Fund
26. SBI Bluechip Fund
27. Tata Digital India Fund
28. Tata Equity PE Fund
29. Axis Blue-chip Fund
Monthly SIP amounting 27000 is going for below funds (they are included in above details):
1. DSP US Flexible Equity Fund - 1500
2. Mirae Asset Focused Fund - 2000
3. Tata Digital India Fund - 1500
4. ICICI Prudential US Bluechip Fund - 1500
5. DSP US Flexible Equity Fund - 1500
6. BNP Paribas Midcap - 4000
7. HDFC Small Cap Fund - 4000
8. Kotak Emerging Equity Fund - 4000
9. L&T Midcap Fund - 4000
10. Nippon India Growth – 4000
Ans: TOO MANY FUNDS – not more than 4-6 schemes should be consolidated into.
| Name of the Fund | Category | RankMF Star Rating | Recommendation |
| 1. Aditya Birla Sun Life Equity advantage Fund | Equity - Large & Mid Cap Fund | 2 | SmartSwitch to Axis Opportunities Fund - Growth |
| 2. BNP Paribas Midcap | Equity - Mid Cap Fund | 1 | SmartSwitch to DSP Mid Cap Growth |
| 3. DSP Equity Opportunities Fund | Equity - Large & Mid Cap Fund | 2 | SmartSwitch to Axis Opportunities Fund - Growth |
| 4. DSP Midcap Fund | Equity - Mid Cap Fund | 4 | Continue |
| 5. DSP US Flexible Equity Fund | FoFs (Overseas) | 4 | Continue |
| 6. Franklin India Ultra Short Bond Fund | Debt Ultra Short | - | Wind up Scheme |
| 7. HDFC Equity Fund | Equity - Multi Cap Fund | 2 | SmartSwitch to UTI Equity Fund - Growth |
| 8. HDFC Hybrid Equity Fund | Hybrid - Aggressive Hybrid Fund | 5 | Continue |
| 9. HDFC Mid-Cap Opportunities Fund | Equity - Mid Cap Fund | 2 | SmartSwitch to DSP Mid Cap Growth |
| 10. HDFC Small Cap Fund | Equity - Small Cap Fund | 1 | SmartSwitch to Axis ESG Fund Growth |
| 11. ICICI Prudential Infrastructure Fund | Equity - Sectoral Fund - Infrastructure | 1 | Avoid Sectoral Funds, SmartSwitch to UTI Equity Fund - Growth |
| 12. ICICI Prudential US Bluechip Fund | Equity - Thematic Fund - Global | 4 | Continue |
| 13. Invesco India Contra Fund | Equity - Contra Fund | 2 | SmartSwitch to Axis ESG Fund Growth |
| 14. Kotak Emerging Equity Fund | Equity - Mid Cap Fund | 3 | SmartSwitch to DSP Mid Cap Growth |
| 15. Kotak Standard Multicap Fund | Equity - Multi Cap Fund | 2 | SmartSwitch to UTI Equity Fund - Growth |
| 16. L&T Emerging Business Fund | Equity - Small Cap Fund | 2 | SmartSwitch to Axis ESG Fund Growth |
| 17. L&T India Value Fund | Equity - Value Fund | 2 | SmartSwitch to Axis ESG Fund Growth |
| 18. L&T Midcap Fund | Equity - Mid Cap Fund | 2 | SmartSwitch to DSP Mid Cap Growth |
| 19. Mirae Asset Focused Fund | Equity - Focused Fund | 4 | Continue |
| 20. Mirae Asset Large Cap Fund | Equity - Large Cap Fund | 3 | SmartSwitch to Uti Mastershare Unit Scheme - Growth Plan |
| 21. Motilal Oswal Multicap 35 Fund | Equity - Multi Cap Fund | 4 | Continue |
| 22. Nippon India Growth | Equity - Mid Cap Fund | 2 | SmartSwitch to DSP Mid Cap Growth |
| 23. Nippon India Liquid Fund | Debt - Liquid Fund | 5 | Continue |
| 24. Nippon India Power & Infra Fund | Equity - Sectoral Fund - Energy & Power | 1 | Avoid Sectoral Funds, SmartSwitch to UTI Equity Fund - Growth |
| 25. Principal Emerging Bluechip Fund | Equity - Large & Mid Cap Fund | 4 | Continue |
| 26. SBI Bluechip Fund | Equity - Large Cap Fund | 3 | SmartSwitch to Uti Mastershare Unit Scheme - Growth Plan |
| 27. Tata Digital India Fund | Equity - Thematic Fund - Other | 3 | continue |
| 28. Tata Equity PE Fund | Equity - Value Fund | 3 | SmartSwitch to Axis ESG Fund Growth |
| 29. Axis Blue-chip Fund | Equity - Large Cap Fund | 4 | Continue |
| 1. DSP US Flexible Equity Fund - 1500 | FoFs (Overseas) | 4 | Continue |
| 2. Mirae Asset Focused Fund - 2000 | Equity - Focused Fund | 4 | Continue |
| 3. Tata Digital India Fund - 1500 | Equity - Thematic Fund - Other | 3 | continue |
| 4. ICICI Prudential US Bluechip Fund - 1500 | Equity - Thematic Fund - Global | 4 | Continue |
| 5. DSP US Flexible Equity Fund - 1500 | FoFs (Overseas) | 4 | Continue |
| 6. BNP Paribas Midcap - 4000 | Equity - Mid Cap Fund | 1 | SmartSwitch to DSP Mid Cap Growth |
| 7. HDFC Small Cap Fund - 4000 | Equity - Small Cap Fund | 1 | SmartSwitch to Axis ESG Fund Growth |
| 8. Kotak Emerging Equity Fund - 4000 | Equity - Mid Cap Fund | 3 | SmartSwitch to DSP Mid Cap Growth |
| 9. L&T Midcap Fund - 4000 | Equity - Mid Cap Fund | 2 | SmartSwitch to DSP Mid Cap Growth |
| 10. Nippon India Growth – 4000 | Equity - Mid Cap Fund | 2 | SmartSwitch to DSP Mid Cap Growth |
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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