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Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Sun, May 04 2008. 11 27 PM IST
Updated: Sun, May 04 2008. 11 27 PM IST
Which are the top large cap, midcap cap and other mutual funds? Also provide me with some tips on stock trading/investing.
- Rakesh Kumar
In my opinion, the best equity funds are DSP Merrill Lynch TIGER Reg, DWS Investment Opportunity, Magnum Contra, Magnum Taxgain and Reliance Growth.
Good Midcap funds are BNP Paribas Select Midcap fund, Tata Infrastructure fund, BNP Paribas Select Midcap fund, DSP Merrill Lynch Equity fund, HDFC Top 200 fund, HSBC Equity, BON Growth, SBI Magnum Balanced, Kotak Opportunities, Magnum Multiplier Plus, Kotak 30, UTI Infrastructure and ICICI Prudential Dynamic fund.
About investment tips, you should first define your purpose of investment, the period you can put your money in and your risk profile.
If you are a long-term investor, you should invest through mutual funds and the best way to invest in mutual funds is via systematic investment plans, or SIPs.
Regarding investment in the stock market, do not indulge in trading unless you know the art of trading. Focus on good long-term stocks for now and stay invested for at least two years.
My father has purchased 10 shares of Reliance Capital at Rs1,750 each. What’s the current outlook on the stock and should he buy more to average out?
- Harpreet Sahni
Reliance Capital Ltd is a very good stock, which has a promising future. However, its current price of Rs1,542.30 is well below your father’s acquisition price.
He may average out this stock in small quantities with an investment period of one year.
I have noticed that the stock of Shree Renuka Sugars has lost more than 87% in value last month. Do you think this is the right time to buy the stock?
- Harsha
The stock of Shree Renuka Sugars Ltd, which had a face value of Rs10, was split to have a face value of Re1. As a result, the price was adjusted to reflect the lower face value.
In reality, the price of Shree Renuka Sugar, therefore, has not come down and the stock is quoting near its 52-week high.
If you are a long-term investor, you can buy this stock on declines.
I hold 1,000 shares in Nagarjuna Fertilizers and Chemicals Ltd , purchased at Rs54 each. Want to sell them now and buy later. Also I hold 1,000 shares in Hindustan Construction Co. Ltd at Rs137 a share. Please advise.
- Shyam Nigam
If you have taken a decision to sell your holding in Nagarjuna Fertilizers, you may contact your broker and sell them.
The stock is currently quoting at around Rs48.80.
However, you should hold the Hindustan Construction shares with a long-term perspective as the stock has good potential to improve your investment during a period of more than one year.
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, May 04 2008. 11 27 PM IST