Mutual Fund Selection for US Based NRI

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Bharghav asked 9 years ago

Hi Srikanth, Sorry for the long post. I might move to USA for couple of years. I know I can invest in only certain Indian mutual funds. My risk appetite is moderately high. Would like to invest in the following manner 35% in mid and small caps 20% in diversified fund 20% in large cap 25% in balanced fund (hybrid oriented) My investment horizon is more than 5 years Could you please let me the best possible mutual fund schemes by considering only the funds which allows US NRI to invest? I would greatly appreciate your help on giving recommendation for this question I understand from an online article that I can invest in the follwoing fund houses, being US NRI: • SBI Mutual Fund, • Reliance Mutual Fund, • DHFL Pramerica Mutual Fund, • L&T Mutual Fund, • PPFAS Mutual Fund, • Sundaram Mutual Fund, • UTI Mutual Fund • Birla Sun Life mutual Fund • ICICI mutual Fund (I cant really choose ICICI as they dont allow SIP and investor need to physically present for investment in lumpsum) So I have selected some of the mutual fund schemes based on the above fund houses. Please help me validate or improve my selection in any way possible Diversified Birla Sun Life Equity Fund Growth SBI Magnum Multiplier Fund Large Cap SBI Blue Chip Birla Sun life Front line Equity Fund Mid and Small Cap Reliance Small Cap fund SBI Magnum Mid Cap Fund L&T Mid Cap Fund Sundaram Select Midcap Balanced Fund Birla sun life Balanced L&T India Prudence Fund Thanks in advance Regards Bharghav R

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Sreekanth Staff answered 9 years ago

Hi, You may pick UTI Mid-cap fund.

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Sreekanth Staff answered 9 years ago

Dear Bhargav, I am unable to understand this 'I cant really choose ICICI as they dont allow SIP and investor need to physically present for investment in lumpsum)' ?? Birla Sun Life Equity Fund Growth SBI Blue Chip / Birla Sun life Front line Equity Fund Reliance Small cap fund may be worth investing, but its Standard deviation is very high, high risk high reward category. Birla Balanced 95 fund....can be considered. (These are my suggestions out of the above list, does not mean other funds are totally bad) Kindly read : https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/best-mutual-fund-schemes-2017/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/

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Bharghav answered 9 years ago

Hi Sreekanth, Thanks for the response. Reg the ICICI Fund House, they are accepting the investments from the US NRI, but we cannot do SIPs being an US NRI and only they accept Lumpsum investments, that too we have to be physically present in their office for the lump sum. Its not possible for me to come to India only for this purpose. Hence I ruled out ICICI from my list. In the Mid Cap section, if not Reliance, what others would be a better choice for me? Thanks in advance Regards
Bharghav

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Bharghav answered 9 years ago

Great, Thanks a lot for your help :)