Need advise on My MF investments / portfolio

Q & A ForumCategory: InvestmentsNeed advise on My MF investments / portfolio
Mukul asked 7 years ago
Hi Sree, ABSL focused equity - Direct(G) - I have an SIP of 2000 Rs per month from last 3 years. Is this fund good to continue in longer run. say 12 Years. My other funds are Axis LTE, Mirae Large cap, Principal bluechip, LnT midcap. Mukul
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3 Answers
Sreekanth Staff answered 7 years ago
Dear Mukul, ABSL Focused equity is a large-cap oriented fund with a focus on limited number of stocks (30) in its portfolio. As you have two other large-cap oriented schemes in your portfolio, you may switch to a typical diversified Equity fund like Birla Equity Fund instead of a focused fund. Also, you may retain one of the large-cap funds say Mirae and move from Principal fund to any aggressive hybrid fund (ex : HDFC Hybrid equity fund or ICICI Debt Equity Fund). Related articles :
Mukul answered 7 years ago
Hi Sree, can your provide more information on ABSL focused equity. Its performance, kind of fund... I am planning to move out of this fund. Mukul  
Sreekanth Staff answered 7 years ago
Dear Mukul, The fund's performance is average over the last 5 years or so. It has not beaten its benchmark index in the 3 or 5 year period. Considering this and your MF portfolio, you may better off moving out from this fund.
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