I want to make an investment (SIP) for my son age 25 years in the following MFs @ Rs 1000/- pm in each fund. Request your advice
1. HDFC Top 100 fund
2. HDFC Hybrid equity fund
3. Mirae asset tax saver fund
4. Axis long term equity fund
5. Axis blue chip fund – direct
6. SBI magnum multi cap - direct growth
7. SBI equity hybrid fund -Reg plan growth
Also, I am a retired person. I have invested my retirement corpus in the following funds as lump sum investments:
1. Debt MF
- Axis Banking and PSU debt (G)
- Franklin - India liquid fund super Ins (G)
- ICICI Pru - savings fund (G)
- Kotak low duration fund std (G)
- Mirae asset savings fund Reg (G)
2. Equity MF
- Axis - mid cap (G)
- ICICI Pru - blue chip fund Reg (G)
- Mirae asset emerging blue chip fund Reg (G)
Please confirm whether I should continue in the above funds or switch over to some other funds.
Name of the Fund | Category | RankMF Star Rating |
Birendar Yadav | | |
1. HDFC Top 100 fund | Equity - Large Cap Fund: | 3 |
2. HDFC Hybrid equity fund | Hybrid - Aggressive Hybrid Fund | 5 |
3. Mirae asset tax saver fund | Equity - ELSS | 4 |
4. Axis long term equity fund | Equity - ELSS | 5 |
5. Axis blue chip fund – direct | Equity - Large Cap Fund: | 5 |
6. SBI magnum multi cap - direct growth | Equity - Multi Cap Fund: | 4 |
7. SBI equity hybrid fund -Reg plan growth | Hybrid - Aggressive Hybrid Fund | 5 |
1. Debt MF | | |
Axis Banking and PSU debt (G) | Debt - Banking and PSU Fund | 3 |
Franklin - India liquid fund super Ins (G) | Debt - Liquid Fund | 5 |
ICICI Pru - savings fund (G) | Debt - Low Duration Fund | 4 |
Kotak low duration fund std (G) | Debt - Low Duration Fund | 5 |
Mirae asset savings fund Reg (G) | Debt - Low Duration Fund | 3 |
2. Equity MF | | |
Axis - mid cap (G) | Equity - Mid Cap Fund: | 4 |
ICICI Pru - blue chip fund Reg (G) | Equity - Large Cap Fund: | 2 |
Mirae asset emerging blue chip fund Reg (G) | Equity - Large & Mid Cap Fund | 4 |
Ans: You may continue with 4 and 5 star rated funds; for remaining you may consider from below:
Equity - Multi Cap Fund:
- UTI Equity Fund – Growth
- Axis Multicap Fund – Growth
Equity - Large Cap Fund:
- UTI Mastershare Unit Scheme - Growth Plan
- LIC MF Large Cap Fund-growth
Equity - Mid Cap Fund:
- MOSL Midcap 30 Fund – Growth
- DSP midcap – growth
Equity - Small Cap Fund:
- Kotak Small Cap Fund – Growth
- Axis Small cap Fund - Growth
Debt - Banking and PSU Fund
- Kotak Banking And Psu Fund - Growth
- Hdfc Banking And Psu Debt Fund - Regular Growth