I hold the following: 250 shares of Moser Baer India Ltd at Rs105; 75 of Jaiprakash Associates Ltd at Rs 162.50; 147 of Adani Power Ltd at the initial public offering price; 200 of Amtek Auto Ltd at Rs199.85 and 50 of Punj Lloyd Ltd at Rs189.50. I am a medium-term investor. Please suggest if I should hold, sell or buy more any of the above stocks.
Since you are a medium-term investor, I assume you are comfortable holding your investment for over a year. I would recommend you to hold the stocks as markets are likely to remain buoyant in later half of this year, though there could be some technical correction from the next week. You may add Punj Lloyd and Jaiprakash Associates during the technical correction for optimizing your returns with limited risk.
I am a small investor and prefer to invest through systematic investment plans (SIPs). I have two queries. Firstly, I want to invest in BNP Paribas Select Midcap Fund through 10 SIPs of Rs1,000 each. What is your opinion? Secondly, can you suggest two funds wherein I can invest in SIPs and can expect best returns in a year?
BNP Paribas Select Midcap Fund is good and you may go for this scheme’s SIP. The two other funds I would recommend are HDFC Top 200 Fund and Reliance Regular Savings-Equity.