Mutual Fund Queries

Are ELSS Funds diversified equity funds

What's the difference between ELSS and diversified equity funds? Which category should we choose for example when both Principal Growth Fund and DSP BlackRock Tax Saver Fund gave 38.30 and 38.33% respectively in one year, almost equal returns for one year. Both funds are investing in equities and almost in the same companies? “If you want to take moderate risk, invest in the balanced fund. For high risk takers, diversified equity is always a better bet“, this is usual advice. Then what about the ELSS funds and the difference between the ELSS and diversified equity fund?

Mar 23, 2017 by Siva, Vijayawada | Mutual Fund

Please note that ELSS funds by design are diversified equity funds but kept in a separate category as ELSS funds offers tax rebate upto Rs 150,000 per annum under section 80C of the Income Tax Act 1961... Read More

Should I invest in debt funds for long term period

I am 34 years old NRI and have SIP investments of 5000 each in DSPBR Microcap, SBI Bluechip, Franklin India Flexicap, BSL Frontline Equity fund and ICICI Pru Value discovery fund. I want to invest lump sum funds on 2 equity funds for long term (more than 10 years, 2.5 lakhs each), Is Tata PE equity fund and L&T special situations fund an advisable fund for this investment? Also suggest a good debt fund in the current scenario to invest 2.5 lakhs for long term (more than 10years) or should I go with short term&Ultra short term investments?

Mar 23, 2017 by Manu Pillai, Cochin | Mutual Fund

You have invested in good performing mutual fund schemes across large cap, diversified and mid cap category of funds. Instead of investing in TATA PE Equity Fund and L&T Special Situations Fund, you may add... Read More

If my savings are good enough for reaching my retirement goal

I am a beginner in SIP investment. I have started with the following SIP'S 1. ICICI Prudential Growth - 10000 per month, 2. ICICI Prudential Value Discovery - 10000 per month, 3. Birla Sunlife Frontline Equity Fund - 10000 per month, 4. Kotak Select Focus - 5000 per month, 5. L&T India Fund - 5000 per month, Age 28 years. My time horizon is long term (10 years +) and I am planning to build this as my retirement corpus. Kindly review and let me know if the funds I have selected are good enough considering my time horizon?

Mar 23, 2017 by Rohit M, Delhi | Mutual Fund

The funds you have selected are good. However, we are not aware about any open ended fund with the name of ICICI Prudential Growth in which you are supposedly doing a SIP of Rs 10,000 per month... Read More

Am I investing in the right funds for long term

I have SIP of Rs. 5000 in the following funds: 1) DSPBR Micro Cap Fund, 2) Franklin India Prima Fund, 3) Franklin India Smaller Companies Fund, 4) ICICI Pru Value Discovery Fund, 5) Kotak Select Focus Fund, 6) DSPBR Tax Saver Fund, 7) Mirae Asset Emerging Bluechip Fund, 8) Birla Sun Life Frontline Equity Fund. I am 28 years, want to invest for 10 to 15 years. I am investing in these funds since 4 months. I want to invest more for long term & I can take risk. Can you suggest me some funds?

Mar 22, 2017 by Rohit Jain, Mumbai | Mutual Fund

Congratulations ! Your portfolio consists of top performing schemes from mid cap and large cap fund categories and ideally suited to someone with high risk taking ability with a long term investment horizon... Read More

Can you suggest me moderate risk funds for lump sum investments

My investment horizon is for 5 years duration. I want to invest 30-40 lac rupees. Can you suggest me what are the best schemes of mutual funds to invest in risk profile moderate. Are Balanced Funds with monthly dividend payout a good choice at 40 years of age?

Mar 22, 2017 by Dr Bhavesh Thakkar, Ahmedabad | Mutual Fund

Choice of Balanced Funds for moderate risk profile is fine and you may go ahead with this. However, you should opt for monthly dividend pay out option only if you need it. Just because the fund is declaring... Read More

How to invest wisely in SIPs

I have 50 lakhs to invest. These are given by father's money. I want to invest wisely in SIP. My age is 51. I want to go aggressive 100 % equity funds for 3 to 10 years SIP. Please advise any 3 or 5 aggressive 100 % equity mutual funds?

Mar 22, 2017 by Rdi, Hyderabad | Mutual Fund

You have mentioned about investing through monthly SIPs and also that you have Rs 50 Lakhs which you want to invest in mutual fund SIPs. Please note that SIPs can be started with a very small amount. And... Read More

Can you suggest funds for education goal of my child

I am 40 year old professional working in PSU. I want to build corpus of about 6 lakhs with time period of 5 years for education of my daughter. I wish to start SIP of Rs. 6000 to 8000 per month. Please suggest me 3 to 4 different funds with different investment strategies (like equity diversified, equity large cap, equity mid & small cap etc.) considering my requirements. Please mentioned 3 to 4 funds in each of the categories along with suitable categories to achieve this goal?

Mar 22, 2017 by S S Mistry, Gujarat | Mutual Fund

We think, instead of investing in many schemes across various mutual fund categories, you should invest only in diversified equity fund category as diversified equity funds invest across all categories and... Read More

Is HDFC Tax Saver fund a good scheme

I have taken HDFC Tax Saver SIP in this month. So my question is HDFC Tax Saver is a right choice for long term?

Mar 22, 2017 by Pramendra Vishwakarma, Lucknow | Mutual Fund

You have invested in a very good ELSS scheme and it could be a right choice for your long term investment needs. Launched in 1996, HDFC tax Saver has a strong long term track record of 20 years and... Read More

Which equity and balanced fund is paying monthly dividends

I need to know which funds schemes are paying monthly dividend in equity / balanced?

Mar 14, 2017 by Mahesh Sapra, | Mutual Fund

You may check the complete list from here in case of balanced fund... Read More

Can you Advice regarding mutual funds

I am really impressed with the in-depth analysis of mutual funds as available in your website & feel it is the perfect platform which I have been looking for. I am working in a PSU & I describe myself as an aggressive investor. I have been investing in mutual funds since 5 years & have added funds in my portfolio. I started investing with SIP of Rs. 15000 per month & gradually increased it to Rs. 24000 per month. My investment horizon( about 10+ years) is building a portfolio which would help me to buy a house & fund my child's education. I have invested in large caps, diversified funds, small & mid caps( which form the major chunk).The investment portfolio is giving me annualized returns of 27%. However, I feel there is scope of improvement as I want to stream line it now based on my goals & time horizon. Currently my SIPs are, HDFC Mid Cap - Rs. 5000 - Small Cap Fund, IDFC Equity - Rs. 5000 - Small/Mid Cap Fund, Mirae Blue Chip Emerging Fund - Rs. 6000 - Small/Mid Cap, Kotak Select Focus - Rs.2000 - Large Cap, SBI Blue Chip -Rs. 2000 - Large Cap Fund, Mirae Aseet Opportunities Fund - Rs. 1000 - Diversified Fund, ICICI Pru Discovery Fund - Rs. 3000 - Diversified Fund. Also, I have bought Sectorial Funds like Invesco Banking Fund, Invesco Contra Fund, HDFC Capital Builder which were bought as lump sum amount. I had IDBI diversified fund in my portfolio but have stopped it & I am withdrawing it. Please advise as what things/improvements are needed in my portfolio: a) To which fund lump sum amount is to be deposited, b) any SIP which needs to be stopped? I am looking forward for your advise & would like to associate with your company?

Mar 14, 2017 by Mridul Choudhury, | Mutual Fund

Thanks for the kind words about Advisorkhoj. Glad that you liked our website and found it useful. Your fund selection is quite okay according to your risk profile, excepting selection of IDFC... Read More