I invested from my retirement corpus in following MFs(all Lump Sum/Direct/Growth) for growth in next 10-12 years.
During April,2015 :
ICICI PRU EXPORT AND OTHER SERVICES - 50K
TATA (BALANCED FUND / EQUITY OPPORTUNITIES FUND)- 50K each
AXIS LONG TERM EQ FUND - 50K
HDFC BALANCED FUND - 50K
L & T (INDIA VALUE FUND / MIDCAP FUND ) - 50K each
RELIANCE TAX SAVER - 50K
FRANKLIN INDIA HIGH GROWTH COMP- 50K
DURING FEB.2016 :
ICICI PRU (EXPORT AND OTHER SERVICES / value discovery fund) -50K each
axis long term - 150 k
FRANKLIN INDIA ( SMALLER COMP / PRIMA FUND ) - 50 K each
HDFC MIDCAP OPP FUND - 50 K
BSL FRONTLINE EQ FUND - 50K
Now kindly suggest : 1.Is there any concept of PROFIT-BOOKING in MF Investments as the NAVs are quite high now and if yes,what to do with the resultant profit . 2. Which schemes from above may be closed because of poor performance. 3.How to decide as to when to exit from a particular scheme 4.If I have some additional fund ,which NEW schemes are to be opted for investment and whether any additional sum may be further invested in any of the above MF Schemes 5.Is SIP possible or desirable when I do not have any regular income being retired and without any pension and when I have only some lump sum amount. 6. Is it possible to make online investment without going to various MF offices . 7. Is linking Aadhar No with the schemes mandatory .If yes ,can it be done online?
Thanking you and awaiting your considered suggestion, DIPANKAR
3 Answers
Dear Dipankar ji,
The listed funds are good ones.
Kindly check if there is any high portfolio overlap among these funds.
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
If your investment time frame is long term and wealth accumulation (growth) is your objective, you may continue with your investments and suggest you not to withdraw (profit-booking).
Yes, you may invest additional funds in your existing funds, especially in funds like HDFC Balanced fund / Franklin High growth cos fund.
May I know, Is your objective wealth accumulation or regular income from these investments?
(Keep an eye on TATA balanced fund performance and you may consider not to make additional investments in ICICI Export fund).
Kindly read :
https://www.relakhs.com/link-aadhaar-number-mutual-funds-online/
https://www.relakhs.com/mfutility-invest-direct-plans-mutual-fund-schemes-online/
https://www.relakhs.com/mutual-fund-direct-plans-vs-regular-plans/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/lump-sum-investment-options-retirees/
Dear Sreekanthji,
I was struggling to post supplementary queries. Thanks a lot for guiding me once again !
Being Novice,I do not know as to how to decide about exiting/closing a scheme or switching from a scheme.Will you kindly provide an elaborate suggestion as to when to exit? As for online investment,does MF Utility has since providing the required platform for online investment ? As my investment objective is wealth accumulation as of now,I would be happy if you kindly suggest any Equity scheme that allows SWP. I am 67 years old having PO Sr. Citizen income to sustain me for the present
Wishing you a very PROPEROUS,REWARDING and HAPPY NEW YEAR
DIPANKAR
Dear Dipankar ji,
Thanks for the wishes. Wish you too a very happy and healthy new year!
Yes, MF Utility platform offers online transactions in MF schemes.
I believe all equity funds accept SWP requests.
If our objective is to accumulate wealth, why would you like to exit, if scheme is performing as per your expectations..??
Hope you have gone through my below article, can be useful to you ;
https://www.relakhs.com/lump-sum-investment-options-retirees/
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