Hi,
I am thinking to invest 3-5 lakhs in MFs for 8-10 years. I have already invested in ICICI prudential bluechip focused equity, HDFC balanced fund and ICICI prudential regular income fund. Kindly advice the MFs I can invest in.
15 Answers
Hi,
Are you planning to make lump sum investment?
Kindly read:
http://www.relakhs.com/best-mutual-fund-schemes-2017/
Hi,
(Based on your PRIVATE reply...)
You may consider existing funds icic fund & hdfc fund and also one diversified equity fund like L&T Value fund.
Read:
http://www.relakhs.com/best-mutual-fund-schemes-2017/
Thanks for the suggestion. Which is the better diversified equity fund for long term investment- Franklin Prima OR L&T Value fund?
Hi,
Kindly note that Franklin Prima is a mid-cap oriented fund.
L&T value fund is more of a multi-cap fund.
As suggested, kindly go through the list of best equity funds.
Hi,
As of now, the portfolio overlap between these two Diversified equity funds is around 11% only.
I believe that the investment strategy of these funds is different.
ICICI Valuediscovery invests primarily in large cap stocks, around 80% of the funds are invested in large cap company shares.
Whereas, L&T Value fund has invested around 38% in mid-cap stocks, 40% in large cap stocks and around 21% in small cap stocks. So, this is a typical Multi-cap strategy.
So, based on these inputs you may take the decision.
Hi,
If you are ok to take an aggressive bet, you may consider a mid-cap fund:
Ex : Mirae emerging bluechip / Franklin Prima fund / HDFC Mid cap opp fund
Hi,
As your investment time-frame is around 10 years,hence suggested.
You may check their portfolios overlap and risk takes, then take a call.
Hi,
Yes, the fund house has stopped stop accepting fresh lump sum money in its Emerging Bluechipfund. It will, however, continue to take money coming through regular installments known as systematic investment plan (SIP) and systematic transfer plan (STP) investments.
Kindly go through this link....
Hi,
SIP Vs lump sum - there is no right or wrong approach, especially if the investment time-frame is long-term.
Kindly read :
https://www.relakhs.com/sip-systematic-investment-plan/
Hi,
(My Reply to your pvt question..)
If you have invested in L&T Value Fund, you may continue with it.
Kindly note the change in investment objective of this scheme :
Previous objective : An open-ended equity growth scheme
Current / New Objective : An open ended equity scheme following a value investment strategy
Hi,
Old objective was a generic one.
As per new objective, investment strategy is more of a Value based approach.
"Value investing is an investment strategy where stocks are selected that trade for less than their intrinsic values. Value investors actively seek stocks they believe the market has undervalued."
Hi,
You may continue with it for long-term..Kindly note that it is a value based fund.
There has been a significant correction in Mid/Small cap stocks and this fund has good amount of exposure to them.
Depending on your risk appetite, you can invest in equity funds for aggressive returns or debt funds for stable returns.
The top equity funds that you can choose from are:
- Axis Bluechip Fund
- ICICI Prudential Multicap Fund
- Motilal Oswal Multicap 35 Fund
- Kotak Savings Fund
- SBI Magnum Ultra Short Duration Fund
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