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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Jan 04, 2021

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Anonymus Question by Anonymus on Jan 04, 2021Hindi
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I am investing in mutual funds since last two years. I am 39 yrs old. Kindly let me for the above schemes.

1. SBI Bluechip direct growth - 5000 pm

2. SBI Equity Hybrid direct growth - 5000 pm

3. Axis Bluechip direct growth - 10000 pm

4. ABSL Corporate Bond fund direct - 5 lacs invested in last month.

Ans: 3 of the 4 funds are decent, and instead of SBI Bluechip direct growth, UTI Equity Fund – Growth is a better option

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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Sir, I am 53-year-old and currently investing in the following mutual funds, the amount mentioned against it. Please advise if this investment is right or if I have any better option. 1. SBI Blue Chip Fund Direct Growth: Rs 5000 2. Mirae Asset Large Cap Fund: Rs 3000 3. HDFC Equity Fund Direct Growth: Rs 3000 4. HDFC Small Cap Fund Direct Growth: Rs 3000 5. Kotak Emerging Equity Scheme Growth: Rs 2000 6. ABSL Front Line Equity Fund Growth: Rs 4000 7. Franklin India Blue Chip Fund Direct Growth: Rs 3000 8. Franklin India Equity Fund Direct Growth: Rs 3000
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Name of the Fund Category RankMF Star Rating
SBI Blue Chip Fund Direct Growth Equity - Large Cap Fund 4
MiraeAsset Large Cap Fund Equity - Large Cap Fund 4
HDFC Equity Fund Direct Growth Equity - Multi Cap Fund 4
HDFC Small Cap Fund Direct Growth Equity - Small cap Fund 2
KotakEmerging Equity Scheme Growth Equity - Midcap Fund 4
ABSL Front Line Equity Fund Growth Equity - Large Cap Fund 4
Franklin India BlueChip Fund Direct Growth Equity - Large Cap Fund 3
Franklin India Equity Fund Direct Growth Equity - Multi Cap Fund 3

4-star rated ones can be continued, remaining 3 may be changed;

Large cap Suitable options considering quality and value for money at present levels is Mirae Asset Large Cap Fund

Small Cap: Suitable options considering quality and value for money at present levels are Kotak Small Cap and Axis Small Cap

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

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Inclusions:

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Remember, a comprehensive policy offers superior protection compared to third-party only insurance, which is mandatory by law but only covers your liability towards third parties. For a secure ride on Indian roads, a comprehensive policy is the way to go.
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