REEDEM/SWITCH OVER TO NEW SCHEME/ RETAIN CURRENT MF

Q & A Forum › Category: Investments › REEDEM/SWITCH OVER TO NEW SCHEME/ RETAIN CURRENT MF

MUKESH TREHAN asked 9 years ago

Hello Srikanth, Based on your earlier advised ( June 2016) I am maintaining the following MF portfolio, please advise whether I need to reedem or switch over or retain these MF under current scenario: The investment was made to generate corpus for retirement...I am 48 yrs old SCHEME DATE OF INVESTMENT AMOUNT UNITS HDFC BALANCED FUND-GROWTH 09.06.2016 11600 91.579 HDFC BALANCED FUND-GROWTH 09.06.2016 30400 239.293 HDFC BALANCED FUND-GROWTH 10.05.16 12750 99.425 HDFC BALANCED FUND-GROWTH 06.10.16 78750 614.093 HDFC BALANCED FUND-GROWTH 17.10.16 12000 93.377 HDFC BALANCED FUND-GROWTH 17.10.16 11000 85.596 HDFC BALANCED FUND-GROWTH 02.11.16 27900 219.772 HDFC BALANCED FUND-GROWTH 02.11.16 89400 704.214 HDFC BALANCED FUND-GROWTH 06.12.16 13800 111.205 SUB TOTAL -A 287600 2258.554 Kotak Select Focus Fund - Regular (G) 09.06.2016 11600 416.293 Kotak Select Focus Fund - Regular (G) 09.06.2016 30400 1090.974 Kotak Select Focus Fund - Regular (G) 05.10.16 12750 457.153 Kotak Select Focus Fund - Regular (G) 06.10.16 67150 2823.593 Kotak Select Focus Fund - Regular (G) 17.10.16 12000 430.663 Kotak Select Focus Fund - Regular (G) 17.10.16 11000 394.775 Kotak Select Focus Fund - Regular (G) 02.11.16 27900 1017.505 Kotak Select Focus Fund - Regular (G) 02.11.16 89400 3260.394 Kotak Select Focus Fund - Regular (G) 06.12.16 13800 530.158 SUB TOTAL -B 276000 10421.51 ICICI PRUDENTIAL BALANCED FUND 09.06.2016 5800 52.91 ICICI PRUDENTIAL BALANCED FUND 09.06.2016 15200 138.661 ICICI PRUDENTIAL BALANCED FUND 05.10.16 8500 76.854 ICICI PRUDENTIAL BALANCED FUND 06.10.16 52500 474.684 ICICI PRUDENTIAL BALANCED FUND 17.10.16 12000 108.597 ICICI PRUDENTIAL BALANCED FUND 17.10.16 11000 99.548 ICICI PRUDENTIAL BALANCED FUND 02.11.16 18600 169.445 ICICI PRUDENTIAL BALANCED FUND 02.11.16 59600 542.953 ICICI PRUDENTIAL BALANCED FUND 06.12.16 9200 84.265 SUB TOTAL -C 192400 1747.917 TATA BALACED FUND 09.06.2016 5800 30.262 TATA BALACED FUND 09.06.2016 15200 79.307 TATA BALACED FUND 05.10.16 8500 44.18 TATA BALACED FUND :L see comments in row no 117 06.10.16 52500 272.878 TATA BALACED FUND 17.10.16 12000 62.61 TATA BALACED FUND 17.10.16 11000 57.393 TATA BALACED FUND 02.11.16 18600 98.331 TATA BALACED FUND 02.11.16 59600 315.082 TATA BALACED FUND 06.12.16 9200 50.596 SUB TOTAL -D 192400 1010.639 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 25000 139.447 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 09.06.2016 5800 30.149 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 09.06.2016 15200 79.01 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 05.10.16 12750 67.045 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 07.10.16 78750 413.842 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 02.11.16 27900 149.694 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 02.11.16 89400 479.665 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 06.12.16 13800 78.48 BIRLA SUN LIFE FRONTLINE EQUITY FUND - GROWTH 08.12.16 15000 84.312 SUB TOTAL -E 283600 1521.644 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 09.06.2016 5800 170.488 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 09.06.2016 15200 446.796 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 05.10.16 12750 382.194 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 07.10.16 78750 2362.028 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 02.11.16 27900 847.509 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 02.11.16 89400 2715.674 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 06.12.16 13800 433.281 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 08.1.2.16 15000 466.128 ICICI PRUDENTIAL FOCUSSED BLUE CHIP EQUITY FUND 08.12.16 10000 310.752 SUB TOTAL -F 268600 8134.85 UTI MID CAP 09.06.2016 15200 160.343 UTI MID CAP 05.10.16 8500 87.159 UTI MID CAP 06.10.16 52500 599.522 UTI MID CAP 02.11.6 18600 195.46 UTI MID CAP 02.11.6 59600 632.749 UTI MID CAP 06.12.16 9200 106.459 SUB TOTAL -F 163600 1781.692 FRANKLIN INDIA SMALLER COMPANIES FUND 09.06.2016 5800 116.404 FRANKLIN INDIA SMALLER COMPANIES FUND 09.06.2016 15200 305.06 FRANKLIN INDIA SMALLER COMPANIES FUND 05.10.16 8500 167.479 FRANKLIN INDIA SMALLER COMPANIES FUND 06.10.16 52500 1034.428 FRANKLIN INDIA SMALLER COMPANIES FUND 02.11.16 18600 370.683 FRANKLIN INDIA SMALLER COMPANIES FUND 02.11.16 59600 1196.302 FRANKLIN INDIA SMALLER COMPANIES FUND 06.12.16 9200 197.138 SUB TOTAL -G 169400 3387.494

2 Answers

0 Vote Up Vote Down

Sreekanth Staff answered 9 years ago

Hi, May I know your expected / planned retirement age? All the above listed funds are good ones. UTI mid-cap & TATA balanced funds are not performing that well in the recent past.

MUKESH TREHAN replied 9 years ago

Thanks for your prompt response. I still need to work for next 10 years.Any change or switch over you will suggest for UTI and Tata Balanced fund. Please note I will end up paying 15% tax

0 Vote Up Vote Down

Sreekanth Staff answered 9 years ago

Hi, You may retain the existing units of these funds and may divert their future SIPs to other mid-cap/balanced funds. Personally, I have investments in these two funds and I am continuing with them. TATA Balanced fund - I have investments but not making new purchases, due to change in my strategy (nothing to do with fund's performance).

MUKESH TREHAN replied 9 years ago

Thanks, Sreekanth