SIR,
HAPPY NEW YEAR.
MY PORTFOLIO STRUCTURE AT PRESENT:-
LUMP SUM
1.UTI BALANCE FUND- 400000, TIME HORIZON-20YEARS
2.UTI EQUITY FUND- 100000, TIME HORIZON- 20 YEARS
3.UTI TAX SAVINGS -50000, TIME HORIZON-20 YEARS
SIP
1.UTI MNC -RS 2500/ MONTH, FOR 35 YEARS
2.UTI MID CAP- RS.1000/MONTH, FOR 25 YEARS
3.HDFC MID CAP OPP-RS.1500/MONTH, FOR 30 YEARS
PLEASE GIVE ME YOUR NEEDFUL SUGGESTION AGAINST MY PORTFOLIO
FOR 2017 ? SHOULD I CHANGE ANY FUND?
WITH THE ABOVE QUESTION I WANT TO GET A SUGGESTION REGARDING ON THE BEST ELSS FUND (SIP MODE) AMONG AXIS, FRAN LINE,AND BIRLA ?
AND I WANT TO KNOW WHAT IS THE ROLE OF CAMS?
5 Answers
Hi,
Wish you too a very happy new year :)
Any specific reason/strategy for investing primarily in UTI schemes only?
Kindly go through below articles;
http://www.relakhs.com/best-mutual-fund-schemes-2017/
http://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
http://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
CAMS is a registrar and transfer agent of Mutual Funds of hdfc ,icici,birla,TATA SBI…etc.,
Most of the fund houses have CAMS as their RTA.
Kindly read this article :
http://www.bemoneyaware.com/blog/registrar-and-transfer-agent-cams-karvy/
SIR, THANK YOU FOR GUIDANCE. I AM WILLING TO INFORM YOU THAT AN UTI FUND AGENT SUGGESTS MY FATHER TO INVEST IN THIS SCHEMES AND MY FATHER INVEST AS PER HIS RECOMMENDATION . I HAVE NOT THAT MUCH IDEA ON THIS SECTION , SO I NEED YOUR HELP TO MAKE A HELPFUL INVESTMENT . SO, PLEASE SIR SUGGEST ME WHAT SHOULD I DO RIGHT NOW. IF I HAVE TO MAKE SOME CHANGES HOW CAN I MAKE IT AND WHAT ARE THE PROCESS PLEASE HELP ME.
Hi,
You may consider below suggestions;
Consider switching from UTI balanced fund to HDFC balanced fund.
Can continue with UTI mid-cap fund / HDFC Mid-cap opp fund.
Large cap : Consider Birla Frontline Equity fund.
Multicap : ICICI Pru value discovery fund / Franklin Prima plus fund.
THANK YOU VERY MUCH SIR FOR YOUR GUIDANCE.
BUT SIR, THE ABOVE INVESTMENTS WERE STARTED AFTER APRIL 2016. SO IS THERE ANY PROBLEM (TAX RELATED) IF I WILL REDEEM THE UTI BALANCE FUND AND INVEST IN HDFC BALANCE FUND IN THIS JANUARY?
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