Ask Mint | On investments

Ask Mint | On investments
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First Published: Sun, Aug 24 2008. 11 17 PM IST
Updated: Sun, Aug 24 2008. 11 17 PM IST
Please provide me a list of top 10 mutual funds (non-tax saver). Do you also assist in sale/purchase of mutual funds?
Kamal
The best performing funds based on their one-month returns are: UTI Master Value Fund (Growth), UTI Thematic Mid Cap Fund (G), Lotus India Mid Cap Fund (G), JM Contra Fund (G), Lotus India Mid N Small Cap Fund (G), DBS Chola Midcap Fund (G), ING C.U.B. Fund (G), ICICI Prudential Dynamic Plan - FII (G), ICICI Prudential Dynamic Plan (G) and ING Dividend Yield Fund (G).
In view of best yearly returns, the top 10 mutual fund schemes are Reliance RSF- Equity (G), IDFC Premier Equity Fund (G), BOB Growth Fund (G), Sundaram BNP Paribas Select Focus (G), Templeton India Growth Fund (G), DWS Investment Opportunity Fund (G), DBS Chola Opportunities Fund–Cumulative, Sundaram BNP Paribas S.M.I.L.E Fund (G), SBI Magnum Comma Fund (G), Kotak Opportunities Fund (G).
We do not deal in shares or mutual funds in any way.
I am 28 years old and have medium risk appetite. I have invested in Reliance Natural Resources Fund, ICICI Prudential Infrastructure Fund (G), Kotak Opportunities Fund (D), Tata Infra (G), Reliance Regular Savings Equity Fund (G), DSP ML T.I.G.E.R Fund (G) and AIG World Gold Fund. Among these, which should I continue to invest in through a systematic investment plan (SIP)?
Mayank Kaushik
Your selection of schemes seems appropriate in view of the current market situation and your risk appetite. In my opinion, you should retain your investments and not sell.
I have invested through SIPs of Rs1,000 per month in Reliance Diversified Power Sector Fund (D) Plan and Rs2,000 per month in Kotak 30 Equity Scheme (G) . My present accrued investment is Rs24,000 and Rs32,000, respectively, but the current value based on net asset value (NAV) is lower. Should I continue to invest or diversify?
Satish
You should continue your investment in both these schemes as both are likely to yield good returns. However, for balance, you should make new investments if your budget allows. This will average out your investment and help you recover faster in case the market moves up.
In my opinion, SIP in Tata Infrastructure Fund, which has top exposure in all blue-chip stocks such as Reliance Industries Ltd, Larsen and Toubro Ltd, Bharat Heavy Electricals Ltd, Oil and Natural Gas Corp. Ltd, Bharti Airtel Ltd, etc.
Also, its sectoral investment in energy (17.56%), metals and metal products (14.39%), financial services (12.68%), basic engineering (11.87%) and diversified (8.34%) is good. You may also start a SIP in DSP ML T.I.G.E.R–Reg scheme. Since you already have Reliance Diversified Power Sector Fund, I ranked Tata Infra over DSPML T.I.G.E.R as the former is more diversified.
Following is my mutual fund portfolio: Reliance Equity Advantage Fund (G) Rs20,000, Reliance Natural Resources Fund (G) Rs40,000, Birla Sun Life Special Situations Fund (G) Rs20,000 and Tata Indo Global Infrastructure Fund (G) Rs40,000. All funds were bought during new fund offers at Rs 10 per unit. Please rate my portfolio? Also, I want to invest Rs40,000-60,000. Which funds should I go for? I can take medium risk and have an investment span of five to eight years.
Abhijeet Ghosh
I would rate your portfolio as above average as it is not well diversified.
Since you have investment surplus, you may invest in schemes such as DSP ML T.I.G.E.R- Reg, Sundaram BNP Paribas Select Focus Fund, HDFC Top 200, DBS Chola Opportunities Fund, SBI Magnum Contra Fund and Reliance Regular Savings Equity Fund. However, you should make provision for periodic review of your portfolio.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.
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First Published: Sun, Aug 24 2008. 11 17 PM IST